Business

Exxon to step up oil production in NM's Permian Basin

Exxon to step up oil production in NM's Permian Basin ExxonMobil Corp. on Tuesday announced it would triple Permian Basin production to more than 600,000 boe/d by 2025, with tight oil output from the DE and Midland sub-basins alone increasing five-fold. "We can deliver profitable production at a range of prices, and we have logistics and technology advantages over our competitors". The announcement followed a blog posting on Monday by CEO Darre... [Full Article...]

Rathbone Brothers plc Trims Stake in Eli Lilly and Co (NYSE:LLY)

Rathbone Brothers plc Trims Stake in Eli Lilly and Co (NYSE:LLY) MA's holdings in Eli Lilly and were worth $781,000 as of its most recent filing with the Securities and Exchange Commission. Renaissance Technologies LLC now owns 5,694,905 shares of the company's stock valued at $468,691,000 after purchasing an additional 2,714,505 shares in the last quarter. [Full Article...]

Analytical Preview of Kinder Morgan, Inc. (NYSE:KMI)

The stock decreased 0.67% or $2.3 during the last trading session, reaching $340.92. Kinder Morgan, Inc .is maintained at an average outperform rating by 22 stock analysts, and there are at least 2.76% of shares outstanding that are now legally short sold. [Full Article...]

Valero Energy (NYSE:VLO) to Buyback $2.50 billion in Shares

The stock decreased 0.07% or $0.035 during the last trading session, reaching $46.945. About 19.73 million shares traded. Gw Henssler & Associates Ltd increased Valero Energy Corp New (VLO) stake by 8.78% reported in 2017Q3 SEC filing. Since August 17, 2017, it had 0 buys, and 3 insider sales for $7.43 million activity. 342.98 million shares or 0.60% less from 345.06 million shares in 2017Q2 wer... [Full Article...]

Gulfport Energy Corporation (NASDAQ:GPOR) Losing Traction Rapidly

It has underperformed by 61.87% the S&P500. SP Plus Corporation (NASDAQ:SP) had an increase of 62.45% in short interest. On Friday, December 15 the insider Groeschel Craig sold $85,823. Investors sentiment increased to 1.74 in Q3 2017. Its up 0.02, from 1.05 in 2017Q2. Several institutional investors have recently made changes to their positions in GPOR. [Full Article...]

ICICI Bank Q3 net profit dips 27% to Rs 1894 crore

ICICI Bank Q3 net profit dips 27% to Rs 1894 crore She said the bank's core operating profit rose 10 per cent to Rs 4,992 crore. The net interest margin (NIM) was 3.14%, remained steady as compared to the year ago period. Provisions declined sequentially to Rs 3,570 crore from Rs 4,503 crore on a quarterly basis. IDBI's stake in its life insurance arm is valued at over Rs 2,000 crore. [Full Article...]

Dow falls triple digits on bond yields, well being shares

Dow falls triple digits on bond yields, well being shares Treasury prices. "Confidence is rising to start the year, but that could turn around in a hurry next month if these two days of heavy stock market losses don't end up getting reversed", Chris Rupkey, chief financial economist at MUFG, said in a research note Tuesday. [Full Article...]

Russia's Spy Chief Visited Washington Amid Publication of 'Kremlin List'

Russia's Spy Chief Visited Washington Amid Publication of 'Kremlin List' Pompeo met with Sergey Naryshkin, the head of Russia's Foreign Intelligence Service or SVR, and Alexander Bortnikov, who runs the FSB, which is the main successor to the Soviet-era security service the KGB. In Moscow, the provenance of the list was roundly mocked, even as officials expressed irritation at the USA action. But the measures taken late January 29 by the State and Treasury departments ... [Full Article...]

Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by First United Bank Trust

Wedbush maintained the stock with "Underperform" rating in Wednesday, April 26 report. Roosevelt Investment Group Inc decreased Nextera Energy Inc (NEE) stake by 3.5% reported in 2017Q3 SEC filing. For example, a company with 40 million shares selling at $100 a share would have a market cap of $4 billion. Blackrock Inc reported 22.25 million shares or 0.03% of all its holdings. [Full Article...]

Sensex, Nifty open lower amid caution ahead of GDP data, budget

Sensex, Nifty open lower amid caution ahead of GDP data, budget The equity markets stayed subdued ahead of 2018, even as investors reposed some faith in the last hour of trading with recovering nearly 200 points. While the Sensex witnessed a 119.69 point dip to 35,913.98, National Stock Exchange (NSE's) Nifty remained within the 11,000 mark at 11,014.35. [Full Article...]

Dollar firm, underpinned by higher USA bond yields as markets await Fed

Dollar firm, underpinned by higher USA bond yields as markets await Fed Gold prices eased on Monday as the USA dollar gained some lost ground and continued gains in equities weighed on the bullion. US Treasury Secretary Steven Mnuchin gave dollar bears a boost last week with a tacit endorsement of a weak US currency, though Trump later tried to row back from those comments. [Full Article...]

Patterson-UTI Energy (PTEN) Upgraded by Howard Weil to Sector Outperform

About 250,718 shares traded or 54.17% up from the average. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 31, 2017 and is uptrending. Finally, SunTrust Banks lifted their price target on Patterson-UTI Energy to $31.00 and gave the company a buy rating in a research report on Wednesday, December 6th. [Full Article...]

Cedar Rapids Younkers at Westdale to close

Cedar Rapids Younkers at Westdale to close Liquidation sales will begin February 1, according to the announcement, and will run for 10 to 12 weeks at all of the 42 sites that are being closed. Employees will have the chance to apply for positions at other store locations. "Bill Tracy, President and CEO for Bon-Ton Stores said, "... The stores marked to close typically have had weak financial performance and are located in dying malls, th... [Full Article...]

Capita announces overhaul as shares plunge 48% after profit warning

Capita announces overhaul as shares plunge 48% after profit warning Shares in Capita were down 39.56 per cent at the time of writing. Lewis said one immediate priority was to strengthen Capita's balance sheet through a combination of cost savings, non-core disposals and new equity. The company said that its 2017 trading had been in line with expectations but that underlying 2018 pre-tax profits would be lower, at around £270m to £300m. [Full Article...]

CNX Midstream Partners (CNXM) Given Coverage Optimism Score of 0.23

CNX Midstream Partners (CNXM) Given Coverage Optimism Score of 0.23 About 337,778 shares traded. The Cooper Companies, Inc. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since January 30, 2017 and is uptrending. Magellan Midstream Partners, L.P. The firm has "Buy" rating by UBS given on Friday, November 17. Therefore 67% are positive. Zacks Investment Research downgraded shares of Shell Midstream Partners from a "hold" rating to a "sell" rating in... [Full Article...]

Corning INC (GLW) Shareholder Hotchkis & Wiley Capital Management LLC Trimmed Stake

These shares are worth $1,675,336 and were traded at $32.42 each. The FCF Growth of Corning Incorporated (NYSE: GLW ) is -0.220452. It has outperformed by 36.68% the S&P500. Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.17, from 0.92 in 2017Q2. 26 funds opened positions while 53 raised stakes. Naples Glob Advsr Llc has 0.1% invested in MidSouth Bancorp, Inc. [Full Article...]

Price Target Analysis General Motors Company (GM)

Changyou.com Limited (NASDAQ:CYOU) has risen 121.43% since January 31, 2017 and is uptrending. It has outperformed by 8.32% the S&P500. Opus Investment Management Inc decreased Ford Motor Co. General Motors Company (NYSE:GM) has risen 7.92% since January 29, 2017 and is uptrending. As per Tuesday, July 11, the company rating was maintained by Piper Jaffray. [Full Article...]

Noble Energy (NYSE:NBL) Receiving Positive Press Coverage, Analysis Shows

Noble Energy, Inc.'s Average Earnings Estimate for the current quarter is $0.1, according to consensus of 25 analysts. The firm has "Buy" rating given on Thursday, October 5 by Stifel Nicolaus. The company has its outstanding shares of 487.65 Million. Laredo Petroleum, Inc. (NYSE:LPI) scores higher than Noble Energy, Inc. (NYSE:NBL). Canada Pension Plan Investment Board, Ontario - Canada-based f... [Full Article...]

Union Budget for 2018-19 to be presented tomorrow

Union Budget for 2018-19 to be presented tomorrow The official also mentioned that the final decision would, however, be taken by the finance minister. Populism in the government's could assume policy decisions like lower tax rate for the salaried class, lower corporate tax rates in tune with Trump's benevolence for the corporate class in the United States and big bonanzas for India's farmers. [Full Article...]

Amazon wades into health care, builds team

Amazon wades into health care, builds team The average premium has risen 19% over the past five years , to $7,000 for single coverage in 2017, and to almost $19,000 for family coverage, according to the Kaiser Family Foundation. And its payments system could be used to automate payments with healthcare providers. With hundreds of thousands of employees in the USA, this Amazon-Berkshire-JPMorgan triumvirate would have real buying clo... [Full Article...]


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