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Equity Actions

CRGY

Crescent Energy Company (NYSE:CRGY) has been reiterated a Buy rating by Mizuho Securities USA LLC, with an unchanged price target of $18.00. Crescent recently announced its second acquisition of Eagle Ford working interest this year and a secondary stock offering. The company will acquire incremental working interests in its existing Western Eagle Ford position for $250 million cash. CRGY shares are trading higher by 1.06% at $12.43.

Portfolio Pulse from Shivani Kumaresan

September 12, 2023 | 6:09 pm

ADBE

A large investor has taken a bullish stance on Adobe (NASDAQ:ADBE), with 29 uncommon options trades spotted, split between 51% bullish and 48% bearish. The whales have been targeting a price range from $270.0 to $600.0 for Adobe over the last 3 months. The price of ADBE is currently down -3.27% at $546.05. Several experts have maintained or upgraded their ratings on Adobe, with price targets ranging from $600 to $660.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:01 pm

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split, with 38% bullish and 61% bearish. The targeted price range for Uber over the last 3 months is from $34.0 to $65.0. Wells Fargo, Loop Capital, and RBC Capital have maintained their positive ratings on Uber, with price targets of $59, $58, and $58 respectively.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:45 pm

OXY

A significant amount of unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $35.0 and $72.5. The current price of OXY is up 3.87% at $66.31. Analysts have mixed opinions, with downgrades to Neutral and Buy, and price targets ranging from $60 to $80.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:45 pm

CTRE

RBC Capital Markets analyst Michael Carroll has upgraded CareTrust REIT, Inc. (NYSE:CTRE) to Outperform from Sector Perform, raising the price target to $23 from $19. Carroll believes CTRE is well-positioned to deploy accretive capital aggressively and expects the company's core growth rate to be 10.8% in 2024 and 8.3% in 2025. The company's net debt to EBITDA ratio has dropped from the low-4.0x range a year ago to 3.5x today.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 5:38 pm

BP

BP's Chief Executive, Bernard Looney, is set to resign from his position, as reported by Financial Times.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:38 pm

GOOG

GOOGL

Ethan Nguonly, a 22-year-old software engineer at Alphabet Inc.'s Google, is planning to retire at 35 by adhering to the FIRE (Financial Independence, Retire Early) principles. He earns approximately $194,000 annually and has invested around $135,000 in various avenues including retirement funds. His investment portfolio includes stocks and real estate properties in Florida and California. After experiencing a considerable loss in the crypto market in 2021, Nguonly has shifted his investment focus more towards ETFs and real estate.

Portfolio Pulse from Bibhu Pattnaik

September 12, 2023 | 5:28 pm

HAL

Halliburton Inc.'s (NYSE:HAL) stock is currently trading at $42.53, after a 2.93% increase. Over the past month, the stock has risen by 7.70%, and over the past year, it has increased by 39.90%. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Energy Equipment & Services industry, which could indicate that the stock is undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:15 pm

UBER

XLE

XLV

CNBC's Halftime Report discussed final trades involving Health Care SPDR (XLV), Energy SPDR (XLE), and Uber Technologies (UBER).

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:02 pm

APO

A significant bullish stance has been taken on Apollo Global Management (NYSE:APO) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $65.0 to $90.0 for Apollo Global Management over the last 3 months. The price of APO is currently up 1.46% at $89.89, and the next earnings are expected to be released in 50 days.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:01 pm