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Insiders at PBF Energy, Worthington Steel, and NB Bancorp have made notable stock purchases. A 10% owner of PBF Energy bought shares worth approximately $53.71 million, while a director at Worthington Steel purchased shares valued at around $51,954. A director at NB Bancorp acquired shares for about $139,873. These transactions may indicate confidence in the companies' prospects. However, an analyst recently downgraded PBF Energy from Overweight to Neutral.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 11:36 am

SIFY

Sify Technologies (NASDAQ:SIFY) reported Q3 sales of $104.01M, missing the consensus estimate of $139.50M by 25.44%. Sales decreased by 4.01% compared to the same period last year. EBITDA for the quarter was $20.3M, a 4% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:34 am

KEY

KeyCorp (NYSE:KEY) reported Q4 earnings of $0.03 per share, missing the consensus estimate of $0.08 by 62.5%. However, total revenue of $1.54B slightly exceeded the $1.53B estimate, representing an 18.97% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:33 am

IIIN

Insteel Industries (NYSE:IIIN) reported Q1 earnings of $0.06 per share, surpassing the consensus estimate of $0.05 by 20%. However, this represents an 89.47% decrease from the $0.57 per share earned in the same quarter last year. The company's quarterly sales were $121.72 million, falling short of the expected $129.68 million by 6.13% and marking a 27.07% decline from the previous year's sales of $166.90 million.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:31 am

KEY

KeyCorp (NYSE:KEY) reported Q4 2023 earnings of $0.03 per share, missing the consensus estimate of $0.08 by 62.5%.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:31 am

DZSI

Needham analyst Ryan Koontz has reiterated a Buy rating on DZS Inc. (NASDAQ:DZSI) and maintained a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:26 am

OKE

ONEOK Inc (NYSE:OKE) announced a 3.7% increase in its quarterly dividend to $0.99 per share and a new $2 billion share repurchase program to be completed over the next four years. The company also aims for an annual dividend growth rate of 3% to 4% and expects to allocate 75% to 85% of its forecasted cash flow from operations after capital expenditures to dividends and buybacks. ONEOK maintains its target debt-to-EBITDA ratio of about 3.5x. OKE shares saw a premarket increase of 0.94% to $69.71.

Portfolio Pulse from Lekha Gupta

January 18, 2024 | 11:21 am

IVVD

HC Wainwright & Co. analyst Patrick Trucchio has maintained a Buy rating on Invivyd (NASDAQ:IVVD) and increased the price target from $5 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:16 am

EC

Ecopetrol issued a statement addressing media reports about the Arauca 8 well in Saravena, Arauca. The company clarified details and provided updates on the situation.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:14 am

MTB

M&T Bank (NYSE:MTB) reported Q4 earnings per share (EPS) of $2.81, missing the consensus estimate of $3.49 by 19.48%, and representing a 38.51% decrease from the same period last year. However, the company's quarterly sales of $2.30B slightly exceeded expectations of $2.28B by 0.70%, despite being an 8.33% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:14 am