New York, NY, based Investment company Luxor Capital Group, LP buys PowerShares QQQ Trust Series 1, Altaba Inc, Amazon.com Inc, Golar LNG, Cars.com Inc, MINDBODY Inc, Bonanza Creek Energy Inc, Ally Financial Inc, Voya Financial Inc, IAC/InterActiveCorp, sells C&J Energy Services Inc, GrubHub Inc, iShares Russell 2000, Hilton Grand Vacations Inc, Hemisphere Media Group Inc during the 3-months ended 2017-06-30, according to the most recent filings of the investment company, Luxor Capital Group, LP. As of 2017-06-30, Luxor Capital Group, LP owns 26 stocks with a total value of $1.4 billion. These are the details of the buys and sells.
New Purchases: QQQ, AABA, AMZN, CARS, BCEI, LEXEA, CBK, Added Positions: GLNG, MB, ALLY, VOYA, IAC, VDTH, SPY, Reduced Positions: CJ, GRUB, HGV, LBTYK, NXST, Sold Out: IWM, HMTV, AFI,
For the details of Luxor Capital Group, LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Luxor+Capital+Group%2C+LP
These are the top 5 holdings of Luxor Capital Group, LPSPDR S&P 500 (SPY) – 783,500 shares, 13.21% of the total portfolio. PowerShares QQQ Trust Series 1 (QQQ) – 1,357,992 shares, 13.03% of the total portfolio. New PositionMINDBODY Inc (MB) – 5,264,816 shares, 9.98% of the total portfolio. Shares added by 26.32%GrubHub Inc (GRUB) – 2,987,100 shares, 9.08% of the total portfolio. Shares reduced by 26.79%Ally Financial Inc (ALLY) – 4,198,571 shares, 6.12% of the total portfolio. Shares added by 21.70%New Purchase: PowerShares QQQ Trust Series 1 (QQQ)
Luxor Capital Group, LP initiated holdings in PowerShares QQQ Trust Series 1. The purchase prices were between $130.4 and $143.57, with an estimated average price of $137.37. The stock is now traded at around $144.46. The impact to the portfolio due to this purchase was 13.03%. The holdings were 1,357,992 shares as of 2017-06-30.
Top Energy Stocks For 2018: FMC Technologies, Inc.(FTI)
Advisors’ Opinion:
- [By Matthew DiLallo]
Following a series of M&A announcements in the oilfield-services sector since the onset of the oil market downturn, French oil-field service company Technip and U.S. oilfield equipment company FMC Technologies (NYSE:FTI) hooked up in an all-stock deal valuing the combined company at $13 billion. Shareholders of each company will own 50% of the combined entity, to be named TechnipFMC, which implies a roughly $6.5 billion acquisition valuation for each entity. The transaction, which should close early next year, will “combine Technip’s innovative systems and solutions, state-of-the-art assets, engineering strengths, and project management capabilities with FMC Technologies’ leading technology, manufacturing, and service capabilities.” Further, it should save $400 million in annual costs by 2019. Moreover, it will enable the combined company to compete better against larger oil-field service rivals Baker Hughes (NYSE:BHI), Halliburton (NYSE:HAL), and Schlumberger (NYSE:SLB), which have all gained strength during the downturn either through M&A activities or cost savings initiatives.
Top Energy Stocks For 2018: Petroleo Brasileiro S.A.- Petrobras(PBR)
Advisors’ Opinion:
- [By Chris Lange]
Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, decreased to 42.63 million shares from the previous 43.53 million. The stock traded at $9.06 a share, in a 52-week range of $5.19 to $12.56. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.
- [By Craig Jones]
Alan Knuckman of Bulls-Eye Option said on Bloomberg Markets that he would buy Petroleo Brasileiro SA Petrobras (ADR)(NYSE: PBR), because it could benefit from the strength in crude oil.
- [By Chris Lange]
And Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, is scheduled to release its most recent quarterly results Tuesday. The consensus estimates call for a net loss of $0.05 per share, as well as $18.05 million in revenue. Shares ended the weekat $8.91. The consensus price target is $11.22, and the 52-week range is $4.98 to $12.56.
- [By Chris Lange]
And Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, is scheduled to release its most recent quarterly results late Thursday. The consensus estimates call for a profit of $0.16 per share, as well as $23.81 billion in revenue. Shares ended the weekat $8.86. The consensus price target is $10.82, and the 52-week range is $7.61 to $12.56.
- [By Paul Ausick]
Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petroleo Brasileiro S.A. (NYSE: PBR), commonly known as Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”
- [By Money Morning News Team]
Petroleo Brasileira SA Petrobras (NYSE ADR: PBR) is Brazil’s largest oil company and it’s our seventh best oil stock of 2016. Petrobras is an oil and natural gas exploration and production firm. It is also an operator of oil tankers, pipelines, and terminals in South America and globally.
Top Energy Stocks For 2018: Zion Oil & Gas Inc(ZN)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Zion Oil & Gas, Inc. (NASDAQ: ZN) got a boost, shooting up 47 percent to $6.21.
Spark Energy Inc (NASDAQ: SPKE) shares were also up, gaining 10 percent to $19.10. Guggenheim upgraded Spark Energy from Neutral to Buy.
- [By Lisa Levin]
Shares of Zion Oil & Gas, Inc. (NASDAQ: ZN) got a boost, shooting up 20 percent to $5.07.
Spark Energy Inc (NASDAQ: SPKE) shares were also up, gaining 12 percent to $19.40. Guggenheim upgraded Spark Energy from Neutral to Buy.
- [By Lisa Levin]
In trading on Wednesday, energy shares fell by 0.76 percent. Meanwhile, top losers in the sector included Whiting Petroleum Corp (NYSE: WLL), down 6 percent, and Zion Oil & Gas, Inc. (NASDAQ: ZN) down 7 percent.
Top Energy Stocks For 2018: Enerplus Corporation(ERF)
Advisors’ Opinion:
- [By Money Morning News Team]
Enerplus Corp. (NYSE: ERF) is a $2.1 billion oil company based in Calgary and trades on both the NYSE and Toronto Stock Exchange. ERF primarily produces crude oil in the Bakken fields in North Dakota and Western Canada.
Top Energy Stocks For 2018: Phillips 66(PSX)
Advisors’ Opinion:
- [By Shanthi Rexaline]
The six companies that met the criterion are:
Oshkosh Corp (NYSE: OSK). Phillips 66 (NYSE: PSX). SpartanNash Co (NASDAQ: SPTN). Suncor Energy Inc. (USA) (NYSE: SU). Washington Federal Inc. (NASDAQ: WAFD). Barnes & Noble, Inc. (NYSE: BKS).
OshkoshOshkosh is a manufacturer of specialty vehicles and vehicle bodies and is based in Wisconsin. The company operates under four business segments, namely access equipment, defense, fire and emergency, and commercial.
- [By Matthew DiLallo]
After facing several challenges last year, Phillips 66 (NYSE:PSX) enjoyed a bit of a bounce back in the first quarter. The refiner delivered expectation-smashing results, reporting an adjusted profit of $294 million, or $0.56 per share, which was a remarkable $0.51 per share ahead of the consensus estimate. Fueling the quarter were robust chemicals results and improving midstream earnings, which more than overcame continued weakness in the refining segment.
- [By Sarfaraz Khan]
Also note that Berkshire Hathaway has direct exposure to the US energy sector through its subsidiary Berkshire Hathaway Energy, which is a power company that also owns two interstate natural gas pipelines. Besides, Berkshire Hathaways stock portfolio also has some exposure to the energy sector. The company owns 80.7 million shares of Phillips 66 (NYSE:PSX), a major US-based refiner that is also expanding in the midstream space, valued at almost $7 billion. Phillips 66 represents more than 5% of Berkshire Hathaways stock portfolio. The conglomerate also owns 20 million shares of the pipeline giant Kinder Morgan (NYSE:KMI), valued at $414.2 million. These energy companies are positioned to benefit from Donald Trumps pro-energy policies and de-regulation.
- [By WWW.THESTREET.COM]
“As a technician, I see largely rangebound motion with big bounces being retraced and fades being bought at deep support,” she added. “As the markets opened, holding over $48.12 will likely spell a bullish run as several refineries are closed in the region, such as Phillips66 (PSX) , Shell Petrobras and Exxon (XOM) . The support tests that hold $47.3 will be buy zones more than likely. Overall, the current remains the same – a largely landlocked region with only temporary moves up or down until the rebalancing looks better.”
- [By Matthew DiLallo]
After facing several challenges in 2016 that pushed down results, Phillips 66 (NYSE:PSX) bounced back big-time in the first quarter. The company trounced the consensus estimate by a whopping $0.51 per share, which was roughly 10 times higher than the $0.05 per share analysts expected.
