Calamos Advisors LLC Buys New Position in CNOOC Ltd (CEO)

Calamos Advisors LLC bought a new position in CNOOC Ltd (NYSE:CEO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,360 shares of the oil and gas company’s stock, valued at approximately $4,343,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NorthCoast Asset Management LLC boosted its stake in shares of CNOOC by 13.1% in the 1st quarter. NorthCoast Asset Management LLC now owns 19,706 shares of the oil and gas company’s stock worth $2,914,000 after buying an additional 2,286 shares during the last quarter. Raymond James & Associates boosted its stake in shares of CNOOC by 6.2% in the 4th quarter. Raymond James & Associates now owns 7,300 shares of the oil and gas company’s stock worth $1,049,000 after buying an additional 424 shares during the last quarter. BlackRock Inc. boosted its stake in shares of CNOOC by 93.1% in the 4th quarter. BlackRock Inc. now owns 392,753 shares of the oil and gas company’s stock worth $56,382,000 after buying an additional 189,363 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CNOOC by 8.1% in the 1st quarter. JPMorgan Chase & Co. now owns 179,609 shares of the oil and gas company’s stock worth $26,558,000 after buying an additional 13,422 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of CNOOC by 153.5% in the 4th quarter. Advisor Group Inc. now owns 1,711 shares of the oil and gas company’s stock worth $244,000 after buying an additional 1,036 shares during the last quarter. Hedge funds and other institutional investors own 1.75% of the company’s stock.

Get CNOOC alerts:

Separately, Zacks Investment Research downgraded CNOOC from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. CNOOC presently has a consensus rating of “Buy” and a consensus target price of $104.21.

Shares of NYSE CEO opened at $158.27 on Friday. CNOOC Ltd has a twelve month low of $109.23 and a twelve month high of $185.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.26 and a quick ratio of 2.14.

CNOOC Profile

CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments.

Featured Story: What is the Book Value of a Share?

Want to see what other hedge funds are holding CEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNOOC Ltd (NYSE:CEO).

Hapanowicz & Associates Financial Services, Inc Buys Vanguard Russell 1000 Growth ETF, S&T Bancorp I

Investment company Hapanowicz & Associates Financial Services, Inc buys Vanguard Russell 1000 Growth ETF, S&T Bancorp Inc during the 3-months ended 2018-06-30, according to the most recent filings of the investment company, Hapanowicz & Associates Financial Services, Inc. As of 2018-06-30, Hapanowicz & Associates Financial Services, Inc owns 14 stocks with a total value of $117 million. These are the details of the buys and sells.

New Purchases: VONG, STBA, Added Positions: BSV, BND, IWS, EFV, ACWX, FYX, IWR, GREK,

For the details of Hapanowicz & Associates Financial Services, Inc's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Hapanowicz+%26+Associates+Financial+Services%2C+Inc

These are the top 5 holdings of Hapanowicz & Associates Financial Services, IncVanguard Short-Term Bond (BSV) - 422,924 shares, 28.27% of the total portfolio. Shares added by 3.78%Vanguard Russell 1000 Growth ETF (VONG) - 136,490 shares, 17.28% of the total portfolio. New PositionVanguard Intermediate-Term Bond (BIV) - 204,010 shares, 14.1% of the total portfolio. Shares added by 0.98%iShares MSCI EAFE Value (EFV) - 281,219 shares, 12.25% of the total portfolio. Shares added by 1.59%First Trust Small Cap Core AlphaDEX Fund (FYX) - 194,886 shares, 11.09% of the total portfolio. Shares added by 1.59%New Purchase: Vanguard Russell 1000 Growth ETF (VONG)

Hapanowicz & Associates Financial Services, Inc initiated holding in Vanguard Russell 1000 Growth ETF. The purchase prices were between $136.23 and $151.82, with an estimated average price of $144.81. The stock is now traded at around $153.28. The impact to a portfolio due to this purchase was 17.28%. The holding were 136,490 shares as of 2018-06-30.

New Purchase: S&T Bancorp Inc (STBA)

Hapanowicz & Associates Financial Services, Inc initiated holding in S&T Bancorp Inc. The purchase prices were between $39.2 and $46.15, with an estimated average price of $43.57. The stock is now traded at around $45.12. The impact to a portfolio due to this purchase was 0.18%. The holding were 4,656 shares as of 2018-06-30.

Here is the complete portfolio of Hapanowicz & Associates Financial Services, Inc. Also check out:

1. Hapanowicz & Associates Financial Services, Inc's Undervalued Stocks
2. Hapanowicz & Associates Financial Services, Inc's Top Growth Companies, and
3. Hapanowicz & Associates Financial Services, Inc's High Yield stocks
4. Stocks that Hapanowicz & Associates Financial Services, Inc keeps buying

Why Shares of Colgate-Palmolive Lost 14% in the First Half of 2018

What happened

Shares of consumer goods conglomerate�Colgate-Palmolive Company (NYSE:CL)�lost 14.1%�in the first six months of 2018, according to data from�S&P Global Market Intelligence.

So what

Colgate-Palmolive, like other consumer packaged goods (CPG) companies, has experienced eroding sales recently as purchasing habits shift online and competition from small, upstart brands proliferates in both developed and emerging markets.

For example, in the first quarter of 2018, company revenue grew 6.5% to $4.0 billion; however, organic revenue, which adjusts for foreign currency effects and the effects of acquisitions, expanded by a mere 1.5% -- below management and shareholder expectations.

Colgate-Palmolive is also struggling somewhat due to its diverse revenue composition. The company has a more balanced geographical representation than most U.S.-based multinationals: North American sales made up just 21% of total revenue last quarter. Thus, the organization has a bit more exposure to wide global trends. Management has blamed flat volume growth in emerging markets as a headwind against revenue this year.

Raising prices in emerging markets to combat this sluggish volume isn't easy at present. In Colgate-Palmolive's largest geographical segment, Latin America, brisk economic growth over the last four quarters has tampered the high inflation experienced in the region, thus curtailing the ability of CPGs to hike prices. For those who are interested, I've described this phenomenon in more detail recently in regards to competitor Unilever (NYSE: UL).

On a more positive note, Colgate-Palmolive has weathered cost headwinds such as rising freight transportation in the U.S. as well as higher global commodity prices better than many of its peers. The company's "Global Growth and Efficiency" productivity program has helped stabilize gross margin. In the first quarter of 2018, gross margin declined just 10 basis points against the first quarter of 2017, to 60.2%.

The company is also controlling its bottom line, as a disciplined approach to general and administrative expenses in the first quarter resulted in an improvement in operating margin of roughly 40 basis points, to 24.6%. Between the higher reported sales and cost control, Colgate-Palmolive booked a credible diluted earning per share increase of 12.5% last quarter, to $0.72.�

Image source: Getty Images.

Now what

Investors won't have to wait long to get a read on how the first half of the year has ended from an earnings perspective. Colgate-Palmolive is set to report second-quarter 2018 earnings next week, on July 27.

SunTrust Banks Weighs in on Eastgroup Properties Inc’s FY2022 Earnings (EGP)

Eastgroup Properties Inc (NYSE:EGP) – Stock analysts at SunTrust Banks decreased their FY2022 earnings estimates for shares of Eastgroup Properties in a research report issued to clients and investors on Thursday, July 12th. SunTrust Banks analyst K. Kim now forecasts that the real estate investment trust will post earnings of $5.15 per share for the year, down from their prior estimate of $5.35.

Get Eastgroup Properties alerts:

A number of other research firms also recently weighed in on EGP. ValuEngine downgraded Eastgroup Properties from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Zacks Investment Research upgraded Eastgroup Properties from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Wednesday, July 4th. Stifel Nicolaus upgraded Eastgroup Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $103.00 in a research note on Thursday, May 31st. Finally, Bank of America lifted their target price on Eastgroup Properties from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Eastgroup Properties presently has an average rating of “Hold” and a consensus price target of $93.60.

Eastgroup Properties opened at $95.31 on Monday, MarketBeat Ratings reports. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 4.06 and a beta of 0.91. Eastgroup Properties has a twelve month low of $77.74 and a twelve month high of $98.17.

Eastgroup Properties (NYSE:EGP) last posted its quarterly earnings results on Thursday, April 19th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. The firm had revenue of $72.20 million during the quarter, compared to the consensus estimate of $71.62 million. Eastgroup Properties had a return on equity of 13.33% and a net margin of 35.36%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share.

A number of large investors have recently added to or reduced their stakes in EGP. Geode Capital Management LLC lifted its holdings in Eastgroup Properties by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 334,109 shares of the real estate investment trust’s stock worth $29,528,000 after purchasing an additional 6,130 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Eastgroup Properties during the 4th quarter worth approximately $2,287,000. MML Investors Services LLC acquired a new stake in Eastgroup Properties during the 4th quarter worth approximately $218,000. Renaissance Technologies LLC lifted its holdings in Eastgroup Properties by 319.9% during the 4th quarter. Renaissance Technologies LLC now owns 130,600 shares of the real estate investment trust’s stock worth $11,542,000 after purchasing an additional 99,500 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in Eastgroup Properties by 6.0% during the 4th quarter. Thrivent Financial For Lutherans now owns 33,663 shares of the real estate investment trust’s stock worth $2,975,000 after purchasing an additional 1,920 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

In other news, insider John F. Coleman sold 6,000 shares of Eastgroup Properties stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $85.42, for a total transaction of $512,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David H. Hoster II sold 1,032 shares of Eastgroup Properties stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $93.38, for a total value of $96,368.16. The disclosure for this sale can be found here. Insiders have sold a total of 7,297 shares of company stock valued at $634,445 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Wednesday, June 20th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Tuesday, June 19th. This represents a $2.56 annualized dividend and a dividend yield of 2.69%. Eastgroup Properties’s dividend payout ratio is currently 60.09%.

About Eastgroup Properties

EastGroup Properties, Inc is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

Recommended Story: Should I follow buy, hold and sell recommendations?

Top Energy Stocks To Buy Right Now

tags:HAL,WWD,OII,DNOW,BTE,EQT,

Angela Merkel’s clean-energy push may turn out to be less ‘green’ than expected for bondholders caught up in the upheaval of Germany’s energy industry.

In the latest redrawing of the power map as the nation moves away from nuclear and fossil fuels, EON SE will take over Innogy SE from rival RWE AG, along with 850 million euros ($1 billion) of green bonds sold by Innogy Finance BV in October to finance wind farms.

The green credentials of those bonds are now up in the air, according to the firm which gave the securities their environmentally-friendly label.

“Should an issuer undergo a significant organizational change such as a merger or an acquisition, Sustainalytics would reevaluate its second party opinion on the green bond, including the new firm’s sustainability strategy,” a spokeswoman for the research and ratings provider told Bloomberg News by email.

Top Energy Stocks To Buy Right Now: Halliburton Company(HAL)

Advisors' Opinion:

• [By ]

  Energy sector earnings season starts rolling later this week, and as always, the party will kick off with the so-called big three oilfield services providers: Schlumberger Ltd. (SLB) , General Electric Co.'s (GE) Baker Hughes (BHGE) , and Halliburton Co. (HAL) . 

• [By ]

  You've heard all about the bottlenecks in domestic distribution. Now, you've heard Secretary Mnuchin talk about production. Still, we have to get this stuff to market. When it comes to energy, I have focused on oil services, hence my well-known long positions in both Action Alerts PLUS holding Schlumberger (SLB) , and Halliburton (HAL) .

• [By Joseph Griffin]

  Mckinley Capital Management LLC Delaware grew its position in shares of Halliburton (NYSE:HAL) by 68.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,626 shares of the oilfield services company’s stock after purchasing an additional 2,689 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in Halliburton were worth $311,000 as of its most recent filing with the SEC.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Halliburton (HAL)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By ]

  That investment would likely benefit both Schlumberger and Baker Hughes, but more so their competitor Halliburton Co. (HAL) , which is the most levered to the North American market among the big three oil services providers. 

Top Energy Stocks To Buy Right Now: Woodward, Inc.(WWD)

Advisors' Opinion:

• [By Ethan Ryder]

  Plug Power (NASDAQ: PLUG) and Woodward (NASDAQ:WWD) are both industrial products companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, institutional ownership, profitability, valuation and earnings.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Woodward, Inc.Common Stock (WWD)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top Energy Stocks To Buy Right Now: Oceaneering International, Inc.(OII)

Advisors' Opinion:

• [By Shane Hupp]

  ValuEngine upgraded shares of Oceaneering International (NYSE:OII) from a hold rating to a buy rating in a research report released on Friday.

  Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Co reiterated a market perform rating on shares of Oceaneering International in a report on Saturday, June 2nd. Goldman Sachs Group upgraded Oceaneering International from a neutral rating to a buy rating and set a $29.00 price objective on the stock in a report on Monday, May 14th. Zacks Investment Research upgraded Oceaneering International from a sell rating to a hold rating in a report on Thursday, May 3rd. Barclays set a $20.00 price objective on Oceaneering International and gave the stock a hold rating in a report on Sunday, April 29th. Finally, Royal Bank of Canada lifted their price objective on Oceaneering International to $26.00 and gave the stock an outperform rating in a report on Monday, April 30th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Oceaneering International has an average rating of Hold and an average price target of $22.85.

• [By Logan Wallace]

  Cypress Energy Partners (NYSE: CELP) and Oceaneering International (NYSE:OII) are both oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, risk, valuation, institutional ownership, earnings and profitability.

• [By Benzinga News Desk]

  Shari Redstone is one “disloyal” media heiress, according to CBS (NYSE: CBS): Link

  ECONOMIC DATA US Initial Jobless Claims for May 18 234.0K vs 220.0K Est; Prior 222.0K. US Continuing Claims for May 11 1.74M vs 1.75M Est; Prior 1.71M Existing home sales report for April will be released at 10:00 a.m. ET. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET. Atlanta Fed President Raphael Bostic will speak at 10:35 a.m. ET. The Treasury is set to auction 7-year notes at 1:00 p.m. ET. The Kansas City Fed manufacturing index for May will be released at 11:00 a.m. ET. Philadelphia Federal Reserve Bank President Patrick Harker is set to speak at 2:00 p.m. ET. Data on money supply for the latest week will be released at 4:30 p.m. ET. ANALYST RATINGS UBS upgrades Deere (NYSE: DE) from Neutral to Buy Wells Fargo upgrades Oceaneering (NYSE: OII) from Market Perform to Outperform Canaccord downgrades Vermillion (NASDAQ: VRML) from Buy to Hold Wedbush downgrades Karyopharm Therapeutics (NASDAQ: KPTI) from Outperform to Neutral

  This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Oceaneering International (OII)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Shane Hupp]

  Oceaneering International (NYSE:OII) shot up 3.5% on Monday . The stock traded as high as $24.97 and last traded at $23.65. 84,481 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,156,536 shares. The stock had previously closed at $24.52.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Oceaneering International (OII)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top Energy Stocks To Buy Right Now: NOW Inc.(DNOW)

Advisors' Opinion:

• [By Shane Hupp]

  Shares of DistributionNOW (NYSE:DNOW) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $12.50.

• [By Logan Wallace]

  National Oilwell Varco (NYSE: NOV) and DistributionNOW (NYSE:DNOW) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, risk, institutional ownership, valuation and profitability.

• [By Logan Wallace]

  ValuEngine upgraded shares of DistributionNOW (NYSE:DNOW) from a strong sell rating to a sell rating in a report published on Friday.

  A number of other research analysts have also recently commented on the company. TheStreet upgraded DistributionNOW from a d+ rating to a c rating in a research note on Wednesday, May 16th. Stifel Nicolaus boosted their price objective on DistributionNOW from $13.00 to $15.00 and gave the stock a buy rating in a research note on Thursday, May 3rd. Cowen restated a market perform rating and set a $11.00 price objective (up previously from $9.00) on shares of DistributionNOW in a research note on Thursday, May 3rd. Susquehanna Bancshares set a $11.00 price objective on DistributionNOW and gave the stock a hold rating in a research note on Friday, April 13th. Finally, Credit Suisse Group restated a neutral rating and set a $10.00 price objective (down previously from $12.00) on shares of DistributionNOW in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $13.00.

• [By Stephan Byrd]

  Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

  Get Alaska Air Group alerts: 68 percent of flight attendants say they have experienced sexual harassment on the job (finance.yahoo.com) ValuEngine Lowers Alaska Air Group (ALK) to Sell (americanbankingnews.com) Enamoring Five Stocks: Fitbit, Inc. (NYSE:FIT), Alaska Air Group, Inc. (NYSE:ALK), NOW Inc. (NYSE:DNOW), Leidos … (thestreetpoint.com) Average True Range under Trader’s Radar �� Alaska Air Group (NYSE: ALK) (stocktradingdesk.com) Undertaking Stocks: Incyte Corporation (NASDAQ:INCY), Alaska Air Group, Inc. (NYSE:ALK), Innoviva, Inc. (NASDAQ … (journalfinance.net)

  ALK has been the topic of a number of recent analyst reports. Morgan Stanley set a $78.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price objective (down previously from $115.00) on shares of Alaska Air Group in a report on Wednesday, January 10th. Buckingham Research dropped their price objective on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, January 26th. TheStreet lowered Alaska Air Group from a “b-” rating to a “c+” rating in a report on Monday, April 2nd. Finally, Barclays lowered Alaska Air Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $90.00 to $80.00 in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $85.00.

Top Energy Stocks To Buy Right Now: Baytex Energy Corp(BTE)

Advisors' Opinion:

• [By Max Byerly]

  Baytex Energy (NYSE: BTE) and Pioneer Energy Services (NYSE:PES) are both small-cap oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.

• [By Dan Caplinger]

  Wall Street continued its downward streak on Monday, with the Dow Jones Industrial Average falling more than 100 points. Most major benchmarks fell more modestly, with a few actually poking into positive territory on the day. Trade-sensitive stocks were among the weakest as investors focused on uncertainty related to tariff disputes between the U.S. and China. But for some other companies, bad news of a different sort was responsible for the drops in their shares. Biogen (NASDAQ:BIIB), Baytex Energy (NYSE:BTE), and Catalyst Biosciences (NASDAQ:CBIO) were among the worst performers on the day. Here's why they did so poorly.

• [By Logan Wallace]

  Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target raised by equities researchers at TD Securities from C$4.50 to C$5.50 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 0.90% from the company’s current price.

• [By Shane Hupp]

  BitSerial (CURRENCY:BTE) traded 4.5% lower against the US dollar during the 1-day period ending at 17:00 PM E.T. on May 27th. During the last seven days, BitSerial has traded down 22.8% against the US dollar. One BitSerial token can now be bought for about $0.0038 or 0.00000052 BTC on major exchanges. BitSerial has a total market capitalization of $0.00 and $37.00 worth of BitSerial was traded on exchanges in the last day.

Top Energy Stocks To Buy Right Now: EQT Corporation(EQT)

Advisors' Opinion:

• [By Chris Lange]

  The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was EQT Corp. (NYSE: EQT) which rose about 10% to $53.35. The stock��s 52-week range is $43.70 to $67.84. Volume was nearly 11 million compared to the daily average volume of 3.6 million.

• [By Stephan Byrd]

  EquiTrader (CURRENCY:EQT) traded up 6.5% against the U.S. dollar during the one day period ending at 23:00 PM ET on June 3rd. One EquiTrader coin can now be purchased for $0.13 or 0.00001662 BTC on popular cryptocurrency exchanges including CryptoBridge, Cryptopia and CoinExchange. EquiTrader has a market cap of $1.37 million and approximately $1,213.00 worth of EquiTrader was traded on exchanges in the last 24 hours. During the last seven days, EquiTrader has traded 8.8% higher against the U.S. dollar.

• [By Shane Hupp]

  Stifel Financial Corp lessened its stake in EQT Co. (NYSE:EQT) by 10.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 175,489 shares of the oil and gas producer’s stock after selling 19,992 shares during the quarter. Stifel Financial Corp’s holdings in EQT were worth $8,353,000 at the end of the most recent reporting period.

Gas Prices in Largest States Move Above $3

The average price of a gallon of regular gasoline nationwide is just below $2.90. However, this does not show the extent to which $3 gas prices have spread. Most of the largest states by population are already above that number.

Specifically, the price of gas in California is $3.66, according to GasBuddy. California has 38 million residents. Gas prices in Michigan are $3.08. Its population is just below 10 million. In Pennsylvania, the average price for a gallon of regular is $3.04. The state has 12.8 million residents. The gas price in New York, with its 19.7 million residents, is $3.00, which is the same as Illinois, which has 12.9 million residents. Among them, these states have over 93 million residents.

The data show the extent to which gas prices are a regional problem. Texas is the second largest state, with a population of 26.5 million people. The cost of an average gallon or regular there is $2.64, which puts it in the bottom 10 among all states measured based on gas prices. Texas has the advantage of being on the oil-rich Gulf of Mexico, and some of the most massive refinery capacity in the world sits just south of Houston.

Economists worry that gas prices have started to erode discretionary income, particularly among drivers in the lower and middle classes. The effects should be more significant in the Northeast and Midwest, based on current prices.

Gas prices seem likely to continue to rise. Oil prices continue to move up. The International Energy Agency reports that supply could tighten this year and has warned this supply will be “stretched to the limit.” That means current oil prices of $70 a barrel could head toward $80. If so, the number of large states with gas prices over $3 will rise sharply.

Delta cuts profit outlook as fuel costs surge

Delta Air Lines expects pricier fuel to eat into its bottom line this year.

Delta cut its 2018 profit outlook on Thursday as it prepares to slow its growth this fall. It expects filling up its planes with fuel will cost it $2 billion more this year compared with 2017.

Jet-fuel prices are up about 60 percent from a year ago, crimping airline profits even as travel demand remain robust. Airfares in some markets are climbing but not enough to offset the sharp climb in what is generally airlines' second-biggest expense after labor.

Delta said it would reduce some underperforming service in the second half of the year. A lower supply of seats in the market help airlines raise prices. It's a measure that analysts expect competitors to take as well, following the peak summer travel season.

"We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter," said Delta's CEO Ed Bastian.

Demand remains strong and passengers appear willing to pay more to fly. The airline said an industry gauge of airfares rose 4.6 percent in the second quarter.

That may not be enough to counter the higher costs. Delta expects to earn between $5.35 and $5.70 a share in 2018, down from a forecast it made in January of $6.35 to $6.70 a share, a reduction it said was due to more expensive fuel prices.

Delta's second-quarter net income fell 14 percent to $1.03 billion, or $1.47 a share, from $1.19 billion, or $1.62 a share, a year ago. The airline's fuel bill was up 40 percent in the second quarter from a year ago.

Delta's adjusted earnings per share of $1.77 topped Wall Street estimates of $1.72 a share, according to Thomson Reuters.

Revenue the three months ended in June, rose 10 percent from the year-ago period to $11.78 billion, compared with analyst expectations of $11.72 billion.

Delta shares were up less than 1 percent in morning trade. Its stock is down 10 percent in 2018 and other airlines have lagged the broader market's less than 4 percent gain this year. American Airlines' shares fell to a nearly two-year low on Wednesday after the airline cut its revenue outlook.

Trueblue (TBI) Earns Daily Media Impact Score of 0.09

Media stories about Trueblue (NYSE:TBI) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trueblue earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.3296498009881 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

TBI has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Trueblue from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine cut shares of Trueblue from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, TheStreet cut shares of Trueblue from a “b-” rating to a “c” rating in a research report on Wednesday, May 16th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.67.

Get Trueblue alerts:

Shares of TBI traded up $0.30 during trading on Monday, reaching $28.00. 2,552 shares of the company traded hands, compared to its average volume of 264,376. Trueblue has a twelve month low of $19.30 and a twelve month high of $29.50. The stock has a market cap of $1.15 billion, a PE ratio of 16.09 and a beta of 2.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.92 and a quick ratio of 1.92.

Trueblue (NYSE:TBI) last posted its quarterly earnings data on Monday, April 30th. The business services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.09. Trueblue had a net margin of 2.39% and a return on equity of 13.81%. The business had revenue of $554.39 million during the quarter, compared to analyst estimates of $570.40 million. During the same quarter last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. sell-side analysts expect that Trueblue will post 2.16 earnings per share for the current fiscal year.

About Trueblue

TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

Modine Manufacturing Co. (MOD) Expected to Post Earnings of $0.36 Per Share

Wall Street brokerages expect Modine Manufacturing Co. (NYSE:MOD) to report earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Two analysts have issued estimates for Modine Manufacturing’s earnings, with estimates ranging from $0.34 to $0.38. Modine Manufacturing reported earnings per share of $0.39 during the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The company is expected to announce its next earnings report on Tuesday, August 7th.

On average, analysts expect that Modine Manufacturing will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.63. For the next financial year, analysts expect that the company will post earnings of $1.94 per share, with EPS estimates ranging from $1.90 to $2.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Modine Manufacturing.

Get Modine Manufacturing alerts:

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Wednesday, May 23rd. The auto parts company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Modine Manufacturing had a return on equity of 16.97% and a net margin of 1.06%. The business had revenue of $566.60 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period last year, the business earned $0.35 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year.

A number of research analysts recently weighed in on MOD shares. Zacks Investment Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, April 13th.

In other Modine Manufacturing news, Director Larry Oscar Moore sold 5,400 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $17.80, for a total value of $96,120.00. Following the transaction, the director now directly owns 40,259 shares of the company’s stock, valued at approximately $716,610.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.48% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Swiss National Bank grew its holdings in shares of Modine Manufacturing by 3.9% during the 1st quarter. Swiss National Bank now owns 87,300 shares of the auto parts company’s stock worth $1,846,000 after purchasing an additional 3,300 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Modine Manufacturing by 8.4% during the 4th quarter. Citadel Advisors LLC now owns 52,058 shares of the auto parts company’s stock worth $1,052,000 after purchasing an additional 4,041 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Modine Manufacturing by 6.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 70,300 shares of the auto parts company’s stock worth $1,487,000 after purchasing an additional 4,100 shares in the last quarter. First Mercantile Trust Co. grew its holdings in shares of Modine Manufacturing by 91.4% during the 1st quarter. First Mercantile Trust Co. now owns 9,893 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Modine Manufacturing by 0.5% during the 1st quarter. Northern Trust Corp now owns 967,982 shares of the auto parts company’s stock worth $20,472,000 after purchasing an additional 4,936 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Shares of Modine Manufacturing traded down $0.25, reaching $17.95, during trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 7,165 shares, compared to its average volume of 234,001. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.88 and a current ratio of 1.25. Modine Manufacturing has a one year low of $15.25 and a one year high of $25.75. The company has a market capitalization of $898.96 million, a price-to-earnings ratio of 11.85 and a beta of 1.38.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.

Get a free copy of the Zacks research report on Modine Manufacturing (MOD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

“Debenhams plc” (DRCSY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of “Debenhams plc” (OTCMKTS:DRCSY) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Dairy Crest Group plc is a dairy company. Its product group consists of Cheese & whey and Butters, spreads & oils. The company’s brand includes Cathedral City cheese, Clover dairy spread, Country Life butter and Frylight. Dairy Crest Group plc is headquartered in Esher, the United Kingdom. “

Get "Debenhams plc" alerts:

Shares of OTCMKTS DRCSY opened at $0.38 on Tuesday.

About “Debenhams plc”

Dairy Crest Group plc processes and markets branded dairy products in the United Kingdom and internationally. The company offers cheese products under the Cathedral City, Davidstow, and Chedds brands; butters, spreads, and oils under the Clover, Country Life, Utterly Butterly, Vitalite, Willow, and Frylight brands.

Get a free copy of the Zacks research report on “Debenhams plc” (DRCSY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Manitex International (MNTX) Reaches New 1-Year High at $12.95

Manitex International Inc (NASDAQ:MNTX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.95 and last traded at $12.61, with a volume of 655 shares changing hands. The stock had previously closed at $12.94.

Several equities research analysts have issued reports on MNTX shares. Zacks Investment Research raised shares of Manitex International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, April 5th. ValuEngine raised shares of Manitex International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 26th.

Get Manitex International alerts:

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.53. The firm has a market capitalization of $208.03 million, a price-to-earnings ratio of 63.95 and a beta of 1.48.

Manitex International (NASDAQ:MNTX) last posted its earnings results on Wednesday, May 9th. The industrial products company reported $0.05 earnings per share for the quarter. Manitex International had a negative net margin of 2.68% and a positive return on equity of 5.12%. The business had revenue of $56.68 million for the quarter, compared to analyst estimates of $51.55 million. equities analysts predict that Manitex International Inc will post 0.49 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of MNTX. Millennium Management LLC lifted its position in Manitex International by 336.5% during the 1st quarter. Millennium Management LLC now owns 133,066 shares of the industrial products company’s stock worth $1,521,000 after buying an additional 102,581 shares in the last quarter. Cannell Capital LLC lifted its position in Manitex International by 728.1% during the 1st quarter. Cannell Capital LLC now owns 74,530 shares of the industrial products company’s stock worth $852,000 after buying an additional 65,530 shares in the last quarter. Wells Fargo & Company MN lifted its position in Manitex International by 14.7% during the 1st quarter. Wells Fargo & Company MN now owns 414,430 shares of the industrial products company’s stock worth $4,737,000 after buying an additional 52,962 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Manitex International by 45.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,266 shares of the industrial products company’s stock worth $1,946,000 after buying an additional 52,804 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new position in Manitex International during the 1st quarter worth about $540,000. Institutional investors and hedge funds own 60.80% of the company’s stock.

About Manitex International

Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.