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Equity Actions

SPH

ALPS Advisors and Alerian MLP ETF have disclosed a 16.78% ownership stake in Suburban Propane Partners, according to a recent SEC 13G filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:49 pm

XOM

BofA Securities analyst Doug Leggate maintains a Buy rating on Exxon Mobil Corp (XOM) with a price target of $140, following its Q4 results. The company's Guyana project is expected to significantly contribute to free cash flow, potentially doubling it by 2027 compared to 2019. Despite a decrease in Q4 adjusted net profit and revenue, the project, along with strategic acquisitions, is anticipated to lower Exxon's post-dividend breakeven to $40 Brent by 2024. This could lead to a reset in dividend growth and share buybacks, positioning Exxon for best-in-class per share growth among peers. Leggate revised EPS estimates upwards for FY24, FY25, and FY26.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 6:06 pm

AYX

Alteryx (NYSE:AYX) received mixed analyst ratings in the latest quarter with 7 analysts providing insights. The average 12-month price target is $50.36, reflecting a 21.85% increase from the previous target of $41.33. Analyst actions varied, with some maintaining, raising, or lowering their ratings and price targets. Alteryx's financial performance shows a revenue growth of 7.91% but struggles with profitability and debt management, indicating potential challenges ahead.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 6:00 pm

FOXO

Martin Christopher Ward has reported a 17.33% ownership stake in FOXO Technologies, as disclosed in a 13D filing with the SEC.

Portfolio Pulse from Charles Gross

February 05, 2024 | 5:50 pm

KVYO

Goldman Sachs analyst Gabriela Borges upgraded Klaviyo Inc (NYSE:KVYO) from Neutral to Buy, maintaining a price target of $36. Despite a 22% underperformance over the past three months, Borges sees 2024 as a pivotal year with three main catalysts: overdone concerns around email spam filtering changes, potential market share gains, and upside to estimates from company-specific drivers and stable consumer spending. Shares of Klaviyo rose 4.8% in premarket trading.

Portfolio Pulse from Priya Nigam

February 05, 2024 | 5:42 pm

AMZN

BURL

CPS

GCT

NIO

RIVN

SONO

TSLA

Today's whale activity in the Consumer Discretionary sector highlighted unusual options trading in stocks like TSLA, RIVN, SONO, F, BURL, AMZN, NIO, GCT, LI, and CPS. The activity ranged from bullish to bearish sentiments, with significant trades in both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:35 pm

AAPL

AMD

NVDA

PLTR

Today's session highlighted significant whale activity in the Information Technology sector, focusing on options trading for companies like AAPL, NVDA, AMD, PLTR, ARM, ORCL, MSFT, SMCI, AVGO, and CLSK. The activity varied from bearish to bullish sentiments across different expiration dates and strike prices, indicating diverse market expectations for these stocks.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:35 pm

BOWL

Bowlero Corp (NYSE:BOWL) shares surged after reporting Q2 FY24 results with revenue up 11.8% Y/Y to $305.7 million, beating analyst expectations. Despite a slight EPS loss and a decrease in gross profit, the company announced a new dividend, a significant share buyback, and reiterated its FY24 outlook. The company also plans to reinvest heavily in the business, including acquisitions and new builds.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 5:10 pm

CSCCF

Capstone Copper Corp. (OTC:CSCCF) has entered into a $375 million Canadian dollar financing deal with Orion Mine Finance, led by RBC Capital Markets, to support its Chilean expansion, particularly the Mantoverde Development Project (MVDP). The deal involves issuing 47,620,000 common shares at CA$6.30 each, aiming to increase copper production by over 40% and reduce operating costs. The offering is expected to close on Feb. 8, 2024, with proceeds directed towards growth initiatives in Chile.

Portfolio Pulse from Stjepan Kalinic

February 05, 2024 | 5:04 pm

DGII

Five analysts have recently provided their ratings on Digi Intl (NASDAQ:DGII), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target is now $37.8, a 19.01% decrease from the previous $46.67. Analyst actions include adjustments to ratings and price targets, reflecting dynamic market conditions and company performance. Digi Intl's financial performance indicates positive revenue growth and strong profitability, despite a below-industry average ROE and a prudent approach to debt management.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:00 pm