Advisors Asset Management Inc. cut its holdings in National Fuel Gas (NYSE:NFG) by 83.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,379 shares of the oil and gas producer’s stock after selling 46,886 shares during the quarter. Advisors Asset Management Inc.’s holdings in National Fuel Gas were worth $490,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of NFG. BlackRock Inc. increased its stake in National....More>>>
Oil prices pushed past $70 for the first time in a month in late-day trading Thursday. The rally is breathing new life into the energy sector, which is up 2.5% at this writing. For the past quarter, energy stocks have been lagging the broader market, so shareholders are cheering the newfound strength. To celebrate the potential breakout, I’m highlighting the best three energy stocks to buy.
My process for finding today’s targets was simple. First, I sorted a list of the most liquid oil-related stocks by percentage change and focused on the biggest gainers. Second, I reviewed....More>>>
The Teamsters union is calling on FedEx (FDX) – Get FedEx Corporation Report shareholders to reject Founder and Chief Executive Fred Smith's $54 million pay package, a media report says.
The package-delivery giant gave the executive stock options after scrapping a cash bonus in the wake of the COVID-19 pandemic. It then reinstated the bonus and left the option award intact, the union said, according to Reuters.
Shares of the Memphis company at last check were down 0.6% at $265.62.
US Stocks Turn Lower After August Jobs....More>>>
PetroleoBrasileiro S.A.or Petrobras (PBR Quick QuotePBR ) recently announced that it completed the transfer of its 10% stake in the Lapa field to global integrated oil and gas company TotalEnergies (TTE Quick QuoteTTE ) .
The deal, which also included the assignment of Petrobras Netherlands B.V.’s (PNBV) whole interest in Lapa Oil & Gas B.V., a business in Holland, was concluded with the payment of $49.4 million to Petrobras with contract changes.
The Lapa field (BM-S-9A block) has its address in the pre-salt area of the Santos Basin. Its average output in the....More>>>
ONEOK, Inc. (OKE Quick QuoteOKE ) is well-poised to gain from improved fee-based earnings and midstream assets located in the higher productive regions.
The Zacks Consensus Estimate for the company’s 2021 earnings is pegged at $3.29 per share, suggesting growth of 131.69% from the year-ago reported figure. The consensus mark for revenues stands at $15.45 billion, indicating an increase of 80.88% from the prior-year reported number. The long-term (three to five years) earnings growth rate of ONEOK is 6%.
What’s Aiding the Stock?
ONEOK is well-placed to benefit....More>>>