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Equity Actions

NOG

Northern Oil and Gas (NOG) has enhanced its financial stability by adding significant oil and natural gas hedges for 2024 and beyond. These hedges also cover basis differentials in the regions where NOG operates, aiming to mitigate financial risks associated with price fluctuations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:37 pm

NOG

Northern Oil and Gas, Inc. (NOG) announced an 18% YoY increase in its quarterly cash dividend to $0.40 per share, payable on April 30, 2024, to stockholders of record as of March 28, 2024. The company also highlighted its hedging strategy to protect returns on capital committed to acquisitions and development. NOG has added significant oil and natural gas hedges for 2024 and beyond, aiming to maximize total shareholder return amidst a moderated commodity price environment.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:37 pm

YUMC

Yum China has announced a new $1.25 billion stock buyback program set to take place in 2024. This move is aimed at returning value to shareholders and potentially increasing the stock's value by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:35 pm

ELF

e.l.f. Beauty has updated its fiscal 2024 outlook, raising its EPS forecast from $2.47-$2.50 to $2.84-$2.87 and its revenue forecast from $896M-$906M to $980M-$990M, surpassing analyst expectations. The company now expects a 69-71% year-over-year increase in net sales, up from the previously expected 55-57% increase. Adjusted EBITDA, effective tax rate, and net income forecasts have also been updated.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:31 pm

CMG

Chipotle Mexican Grill's shares surged following the announcement of impressive Q4 financial results, future guidance, and a share repurchase program valued at up to $200 million.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:23 pm

AIZ

Assurant expects its adjusted EBITDA, excluding reportable catastrophes, to increase by mid-single-digits. This growth is anticipated to be driven equally by both its Global Lifestyle and Global Housing segments.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:22 pm

PRU

Yanela Frias, currently serving as the President of Group Insurance at Prudential, has been appointed as the company's CFO, effective March 15.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:20 pm

CMG

The board of Chipotle Mexican Grill has authorized the repurchase of its common stock totaling an aggregate price of $200 million. This move is part of the company's strategy to return value to its shareholders and reflects confidence in its financial health and future growth prospects.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:15 pm

F

Ford anticipates a full-year adjusted EBIT of $10B-$12B and aims to generate $6B-$7B in adjusted free cash flow for 2024, with capital expenditures of $8B-$9.5B. COO Kumar Galhotra highlighted the company's focus on quality and cost improvements, expecting $2B in cost reductions. The guidance includes beneficial pricing from the all-new Super Duty sales, with total costs expected to be flat due to cost improvements offset by higher labor and product refresh expenses. Segment-wise, Ford Pro is expected to contribute $8B-$9B, Ford Blue $7B-$7.5B, Ford Model e to report a loss of $5B-$5.5B, and Ford Credit to earn about $1.5B before taxes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:12 pm

F

Ford plans to enhance capital efficiency by selectively reducing investments and setting higher expected returns for approved green initiatives. This strategic shift aims to optimize resource allocation and focus on more profitable and sustainable projects.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:09 pm