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>>>
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>>>
Evolution Petroleum (EPM Quick QuoteEPM ) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.04 per share when it actually produced earnings of $0.04, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Sonnet BioTherapeutics (NASDAQ:SONN) stock is taking off on Thursday and investors can thank retail traders on social media for pumping it higher.
SONN stock has been called out by several accounts on Twitter (NYSE:TWTR) as a strong short squeeze target. This has drawn in retail investors looking to pump the stock higher for profits. That movement started this morning with the company leading our pre-market winners.
Before you go investing in SONN stock, I have to point out its penny status. Even with the major gains today, the company is still only trading around $1.76.....More>>>