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EOG

JP Morgan analyst Arun Jayaram has downgraded EOG Resources (NYSE:EOG) from Overweight to Neutral and reduced the price target from $156 to $150.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:10 pm

COTY

Coty Inc. highlighted the resilience of the beauty category, noting its strong performance with an 8% growth in the U.S. in recent months, as stated at the MS Conference.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:10 pm

RRC

JP Morgan analyst Arun Jayaram has downgraded Range Resources (NYSE:RRC) from Neutral to Underweight and reduced the price target from $33 to $32.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:09 pm

RIOT

Riot Platforms Inc (NASDAQ:RIOT), a Bitcoin mining company, reported a 21% increase in Bitcoin production in November compared to October, and a 6% increase year-over-year, producing 552 Bitcoin. The company sold 540 Bitcoin and holds 7,358 Bitcoins. Despite a 9% increase in network difficulty, Riot's production was aided by the return of hash rate in Building G at the Rockdale Facility and reduced curtailment activity. Riot has a long-term purchase agreement with MicroBT, including an initial order of 33,280 miners and a second order for 66,650 miners, aiming to increase its self-mining capacity by 26 EH/s for a total of 38 EH/s by 2025. Riot shares were slightly up following the announcement.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 3:08 pm

OLLI

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reported strong Q3 FY23 results with sales growth of 14.8% Y/Y to $480.05 million, surpassing consensus estimates. Comparable store sales rose by 7.0%, and the company opened 23 new stores. Operating income and gross profit saw significant increases, with operating margin and gross margin both expanding. Adjusted EBITDA and its margin also increased. Adjusted EPS of $0.51 beat consensus, and the company repurchased shares worth $10.8 million. Ollie's raised its FY23 net sales and Adjusted EPS outlook, leading to a 6.39% rise in stock price to $81.10.

Portfolio Pulse from Nabaparna Bhattacharya

December 06, 2023 | 3:08 pm

MCHP

UMC

Microchip Technology (NASDAQ:MCHP) is distributing a dividend of $0.44 per share today, with an annualized yield of 2.47%. The company has shown a positive trend in both dividend per share and earnings per share from 2019 to 2022, indicating a strong financial position and commitment to enhancing shareholder value. United Microelectronics (NYSE:UMC) has the highest annualized dividend yield in the industry at 7.58%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:05 pm

NHTC

NUS

Nu Skin Enterprises (NYSE:NUS) is set to pay a dividend of $0.39 per share on December 6, 2023, with an annualized yield of 8.21%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of November 22, 2023. The company has shown a positive trend in dividend growth from $1.48 in 2019 to $1.54 in 2022. However, earnings per share have decreased from $3.44 in 2019 to $3.11 in 2022, indicating a decline in profitability. Nu Skin's dividend yield is moderate compared to industry peers, with Natural Health Trends (NASDAQ:NHTC) leading at 14.90% annualized yield.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:05 pm

NMRK

RMAX

Newmark Group (NASDAQ:NMRK) is distributing a dividend of $0.03 per share with an annualized yield of 2.16%. The dividend payout has decreased from $0.39 in 2019 to $0.10 in 2022, while earnings per share have increased from $1.56 in 2019 to $1.82 in 2022, indicating a focus on business growth over dividends. RE/MAX Hldgs (NYSE:RMAX) has the highest annualized dividend yield at 9.80% among industry peers.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:05 pm

JRSH

SGC

Superior Gr of Cos (NASDAQ:SGC) will pay a dividend of $0.14 per share on December 6, 2023, with an annualized yield of 6.93%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of November 21, 2023. The company has shown a positive trend in both dividend per share and earnings per share from 2019 to 2022, indicating financial health and potential for continued profit distribution. Jerash Holdings (US) (NASDAQ:JRSH) currently leads with a higher annualized dividend yield of 7.02%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:05 pm

NEP

ORA

Ormat Technologies (NYSE:ORA) has issued a dividend payout of $0.12 per share with an annualized yield of 0.75%. The dividend is for shareholders of record before November 21, 2023. Ormat's dividend yield is lower than industry peer NextEra Energy Partners (NYSE:NEP), which has a yield of 13.51%. Ormat's dividend per share has grown from $0.44 in 2019 to $0.48 in 2022, but its earnings per share have decreased from $1.73 in 2019 to $1.31 in 2022, raising concerns about the sustainability of future dividends.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:05 pm