Fly News Breaks for January 14, 2020
Jan 14, 2020 | 07:33 EDT
As reported previously, Susquehanna analyst Biju Perincheril initiated coverage of Hess Corp. with a Positive rating as he sees a clear line of sight to significant free cash generation from its startup of offshore Guyana projects which will more than offset its relatively richer valuation. Perincheril has a $82 price target on Hess Corp. shares.
News For HES From the Last 2 Days
Feb 14, 2020 | 16:58 EST
Paul Singer's Elliott Management disclosed in an SEC filing its holdings as of December 31, 2019. The fund's five new buys during the fourth quarter included, by size of position, IShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), LogMeIn (LOGM), IShares iBoxx High Yield Corporate Bond ETF (HYG), NortonLifeLock (NLOK), and Anixter (AXE). Elliott exited seven positions during the quarter, including by size of previous position Devon (DVN), Hess (HES), Fox Corp. Class A (FOXA), and CommScope (COMM). The fund increased its stake in six holdings, including by size of previous position Dell Technologies (DELL), AT&T (T), Marathon Petroleum (MPC), Nielsen (NLSN), and Vornado Realty Trust (VNO). Elliott reduced its stake in four holdings, including by size of previous position Opus Bank (OPB), Citrix Systems (CTXS), B. Riley Financial (RILY), and Element Solutions (ESI). The fund's top holdings as of December 31, in order of size, were Arconic (ARNC), Dell Technologies, Marathon Petroleum, Citrix Systems, and eBay (EBAY).