Grisanti Capital Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 441.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,742 shares of the oil and gas company’s stock after acquiring an additional 21,805 shares during the period. Grisanti Capital Management LLC’s holdings in Exxon Mobil were worth $1,995,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Cowen Prime Services LLC grew its position in Exxon Mobil by 8.5% during the 4th quarter. Cowen Prime Services LLC now owns 7,270 shares of the oil and gas company’s stock worth $608,000 after acquiring an additional 570 shares during the last quarter. Partnervest Advisory Services LLC grew its position in Exxon Mobil by 3.8% during the 4th quarter. Partnervest Advisory Services LLC now owns 15,640 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 578 shares during the last quarter. Mycio Wealth Partners LLC grew its position in Exxon Mobil by 1.3% during the 4th quarter. Mycio Wealth Partners LLC now owns 45,944 shares of the oil and gas company’s stock worth $3,843,000 after acquiring an additional 595 shares during the last quarter. Dividend Assets Capital LLC grew its position in Exxon Mobil by 1.6% during the 4th quarter. Dividend Assets Capital LLC now owns 36,722 shares of the oil and gas company’s stock worth $3,071,000 after acquiring an additional 595 shares during the last quarter. Finally, Woodmont Investment Counsel LLC grew its position in Exxon Mobil by 0.9% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 65,615 shares of the oil and gas company’s stock worth $5,379,000 after acquiring an additional 607 shares during the last quarter. 51.84% of the stock is currently owned by hedge funds and other institutional investors.
Top Oil Stocks To Invest In Right Now: Magellan Midstream Partners L.P.(MMP)
Advisors' Opinion:- [By Ethan Ryder]
Magellan Midstream Partners (NYSE:MMP) had its price target boosted by Barclays from $72.00 to $74.00 in a research note released on Monday morning. Barclays currently has an equal weight rating on the pipeline company’s stock.
- [By Matthew DiLallo]
In addition to those pipelines already under construction, companies continue to pitch new projects to shippers in hopes of locking in the next wave of growth. The latest entry into this building boom is the proposed Permian Gulf Coast pipeline, which is a joint venture between Energy Transfer Partners (NYSE:ETP), Magellan Midstream Partners (NYSE:MMP), MPLX (NYSE:MPLX), and Delek US Holdings (NYSE:DK). The line could be in service as soon as mid-2020 if everything goes according to plan.
- [By Joseph Griffin]
TRADEMARK VIOLATION NOTICE: “Magellan Midstream Partners, L.P. (MMP) Shares Sold by Tdam USA Inc.” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4134187/magellan-midstream-partners-l-p-mmp-shares-sold-by-tdam-usa-inc.html.
- [By Lisa Levin] Gainers McDermott International, Inc. (NYSE: MDR) rose 19 percent to $7.20 in pre-market trading. Subsea 7 S.A. confirmed a $7.00 per share proposal to acquire McDermott. Clarus Corporation (NASDAQ: CLAR) rose 18.5 percent to $8.00 in pre-market trading. Enbridge Inc. (NYSE: ENB) rose 9.3 percent to $34.09 in pre-market trading after falling 2.41 percent on Friday. Lannett Company, Inc. (NYSE: LCI) rose 8.4 percent to $18 in pre-market trading. Lannett named Maureen M. Cavanaugh as senior vice president and chief commercial operations officer. Navios Maritime Midstream Partners L.P. (NYSE: NAP) rose 7.1 percent to $4.55 in pre-market trading after gaining 11.26 percent on Friday. Corcept Therapeutics Incorporated (NASDAQ: CORT) rose 6.9 percent to $18.80 in pre-market trading after falling 3.19 percent on Friday. Helios and Matheson Analytics Inc. (NASDAQ: HMNY) rose 5.7 percent to $2.40 in pre-market trading after falling 10.98 percent on Friday. Vectren Corporation (NYSE: VVC) shares rose 5.6 percent to $69.20 in pre-market trading. CenterPoint Energy, Inc. (NYSE: CNP) announced plans to acquire Vectren for $72 per share in cash Genprex, Inc. (NASDAQ: GNPX) shares rose 5.2 percent to $4.50 in pre-market trading. Atossa Genetics Inc. (NASDAQ: ATOS) rose 5.1 percent to $3.70 in pre-market trading after declining 19.35 percent on Friday. Sangamo Therapeutics, Inc. (NASDAQ: SGMO) shares rose 5 percent to $20 in pre-market trading. Magellan Midstream Partners, L.P. (NYSE: MMP) shares rose 5 percent to $68.41 in pre-market trading. Halozyme Therapeutics, Inc. (NASDAQ: HALO) shares rose 4.9 percent to $19.78 in the pre-market trading session.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Reuben Gregg Brewer]
Investing when you are young is generally focused on growing your nest egg. And as you near retirement, that starts to change to a goal of living off your savings. Doing that can be a lot easier if you focus on dividend-paying companies backed by stable businesses. Here are three high-yield stocks that fit that bill: Magellan Midstream Partners LP (NYSE:MMP), Duke Energy Corporation (NYSE:DUK), and Procter & Gamble (NYSE:PG).
- [By John Bromels]
Luckily, the oil and gas sector is one of the best places in the entire stock market to look for reliable investment picks that you can buy and leave alone in your portfolio for months -- or even years -- at a time. And three of the most solid choices right now, for my money, are Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B), Total SA (NYSE:TOT), and Magellan Midstream Partners (NYSE:MMP).
Top Oil Stocks To Invest In Right Now: Apache Corporation(APA)
Advisors' Opinion:- [By ]
Now, I haven't dabbled in U.S. shale oil or in the permian basin since I extracted myself from Apache (APA) several months ago after an epic fight in the name of capital preservation. But The Wall Street Journal ran a piece last week explaining that due to already-mentioned distribution bottlenecks, Permian-basin oil prices had fallen below $60 a barrel despite the fact that WTI futures were trading above $70.
- [By Matthew DiLallo]
In addition, the company continues to find needle-moving expansion projects, having recently unveiled the development of the Permian Highway Pipeline Project. Kinder Morgan is developing the $2 billion natural gas pipeline with private equity-backed EagleClaw Midstream and Apache Corporation (NYSE:APA). It's a follow-up to the Gulf Coast Express Pipeline (CGX), which is a $1.75 billion gas pipeline it's building with two other midstream companies and Apache. Kinder Morgan has already started work on GCX, which should be in service by October 2019, while PHP could follow a year later if the company gives it the green light. These projects will help offset some of the growth it will lose by selling Trans Mountain.
- [By Max Byerly]
US Bancorp DE decreased its stake in shares of Apache Co. (NYSE:APA) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,332 shares of the energy company’s stock after selling 8,948 shares during the period. US Bancorp DE’s holdings in Apache were worth $5,592,000 as of its most recent SEC filing.
- [By Steve Symington, John Bromels, and Keith Noonan]
So, we asked three top Motley Fool contributors to each discuss a stock that they believe is absurdly cheap right now. Read on to learn what they had to say about JD.com (NASDAQ:JD), Apache Corporation (NYSE:APA), and Baidu (NASDAQ:BIDU).
- [By Ethan Ryder]
State Board of Administration of Florida Retirement System lifted its stake in shares of Apache Co. (NYSE:APA) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 558,840 shares of the energy company’s stock after purchasing an additional 28,598 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Apache were worth $26,126,000 at the end of the most recent quarter.
Top Oil Stocks To Invest In Right Now: Range Resources Corporation(RRC)
Advisors' Opinion:- [By Paul Ausick]
Range Resources Corp. (NYSE: RRC) fell about 4.4% Tuesday to post a new 52-week low of $14.43 after closing at $15.09 on Monday. The 52-week high is $34.93. Volume of about 15 million was nearly double the daily average of around 7.7 million shares traded. The company had no specific news.
- [By Tyler Crowe, Matthew DiLallo, and Reuben Gregg Brewer]
So we asked three of our investing contributors to each highlight a company they think has a compelling investment case right now in the oil and gas industry. Here's why they selected Devon Energy (NYSE:DVN), Range Resources (NYSE:RRC), and ExxonMobil (NYSE:XOM).
- [By Joseph Griffin]
Range Resources Corp. (NYSE:RRC) – Research analysts at Piper Jaffray Companies upped their Q1 2019 earnings per share (EPS) estimates for Range Resources in a report issued on Monday, August 27th. Piper Jaffray Companies analyst D. Kistler now anticipates that the oil and gas exploration company will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.42. Piper Jaffray Companies has a “Buy” rating and a $27.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Range Resources’ Q2 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.44 EPS, FY2019 earnings at $1.61 EPS, Q2 2020 earnings at $0.39 EPS and FY2020 earnings at $1.93 EPS.
Top Oil Stocks To Invest In Right Now: Transocean Inc.(RIG)
Advisors' Opinion:- [By Tyler Crowe]
Three stocks on my watchlist that look incredibly cheap and will likely be high up on my next buy list are LGI Homes (NASDAQ:LGIH), U.S. Silica Holdings (NYSE:SLCA), and Transocean (NYSE:RIG). Here's why they look compelling to me now and why Wall Street seems to be assigning them such modest valuations.
- [By Max Byerly]
Shares of Transocean LTD (NYSE:RIG) gapped down prior to trading on Thursday . The stock had previously closed at $13.41, but opened at $13.13. Transocean shares last traded at $12.81, with a volume of 16922465 shares trading hands.
- [By Stephan Byrd]
Transocean (NYSE:RIG) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat reports.
- [By Jason Hall]
On June 27, shares of Seadrill Ltd (NYSE:SDRL), Diamond Offshore Drilling Inc (NYSE:DO), and Ensco PLC (NYSE:ESV) traded up more than 10% at various points. And while they've cooled off a bit -- up 9.9%, 10.3%, and 8.9%, respectively, at recent prices -- they continue to march toward today's close with big gains. And while not quite as much as the three aforementioned companies, shares of Transocean LTD (NYSE:RIG) and Noble Corporation PLC (NYSE:NE) are showing big days as well, up 6.4% and 7.2% in late-afternoon trading.
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