Best Energy Stocks To Invest In 2019

tags:BSM,APA,REC,CRC,TGC,

The Nord Stream 2 pipeline has created a massive amount of controversy. The U.S. vehemently opposes the project on the basis of "European energy security" as it will further bind Europe's future energy needs to Russia's Gazprom (OTCPK:OGZPY).

Through proxies, such as Poland and The Baltic states, primarily Latvia, the U.S. has worked tirelessly to stop the project. But the most recent statements by the U.S. State Department make is clear that stopping Nord Stream 2 is a high priority for U.S policy-makers.

Per a report from RT recently:

'Everything is on the table. The administration is taking a whole-of-government approach to stopping the Nord Stream project,' the source said, as cited by the media.

Last summer, Congress approved the so-called Countering America's Adversaries Through Sanctions Act (CAATSA). The legislation allows the White House to introduce punitive measures against the participants of the energy project, investing over $5 million in those enterprises.

Best Energy Stocks To Invest In 2019: Black Stone Minerals, L.P.(BSM)

Advisors' Opinion:

• [By Shane Hupp]

  Get a free copy of the Zacks research report on Black Stone Minerals (BSM)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  News headlines about Black Stone Minerals (NYSE:BSM) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Black Stone Minerals earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 46.3482301445705 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Best Energy Stocks To Invest In 2019: Apache Corporation(APA)

Advisors' Opinion:

• [By ]

  Presto, West Texas Intermediate crude rose 3% to $71.18, the highest since December 2014, boosting shares of oil companies including Occidental (OXY) , which gained 4.8%, Marathon (MRO) , up 3.8%, and Apache (APA) , which gained 2.5%. Spot gasoline also rose 2.7% to $2.17 a gallon, boding ill for the summer driving season in the U.S. and potentially eroding any gains middle-class Americans received from the Trump tax cuts.

• [By Matthew DiLallo]

  Oil prices have continued rebounding this year, with the U.S. benchmark price WTI up another 7% to around $65 per barrel. That improving oil price has helped drive up most oil stocks. I say most because Devon Energy (NYSE:DVN), Apache (NYSE:APA), and Newfield Exploration (NYSE:NFX) are flat to down so far this year because investors seem to have overlooked them entirely. Because of that, they trade for a dirt-cheap valuation versus their peers, making them intriguing options to consider.

• [By Matthew DiLallo]

  Apache Corporation (NYSE:APA) stunned the oil and gas world in late 2016 by announcing the discovery of the Alpine High play in a long-overlooked spot of the Permian Basin. The company believed that it had uncovered more than 3 billion barrels of oil and even more natural gas, which would drive growth for years to come. However, that growth wouldn't materialize overnight because Apache first had to build out the infrastructure needed to develop the field from scratch.�

• [By Chris Lange]

  The stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Apache Corp. (NYSE: APA) which rose over 5% to $41.75. The stock��s 52-week range is $33.60 to $51.21. Volume was 4.8 million compared to the daily average volume of 4.4 million.

• [By Jason Hall, Tyler Crowe, and John Bromels]

  If you're shopping for great buys in the oil patch right now, three Motley Fool contributors think you should take a close look at tech-heavy but asset-light oilfield services provider�Core Laboratories N.V.�(NYSE:CLB), value-priced independent oil producer�Apache Corporation�(NYSE:APA), and refining giant�Marathon Petroleum Corp�(NYSE:MPC).�

• [By Logan Wallace]

  Teacher Retirement System of Texas decreased its stake in Apache Co. (NYSE:APA) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,391 shares of the energy company’s stock after selling 17,824 shares during the period. Teacher Retirement System of Texas’ holdings in Apache were worth $3,247,000 as of its most recent SEC filing.

Best Energy Stocks To Invest In 2019: REC Silicon ASA (REC)

Advisors' Opinion:

• [By Logan Wallace]

  Regalcoin (CURRENCY:REC) traded up 5.2% against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on May 27th. Regalcoin has a total market cap of $496,466.00 and $1,256.00 worth of Regalcoin was traded on exchanges in the last day. During the last week, Regalcoin has traded 1.9% higher against the U.S. dollar. One Regalcoin coin can currently be purchased for about $0.0388 or 0.00000529 BTC on cryptocurrency exchanges including BTC-Alpha, CoinExchange and YoBit.

• [By Shane Hupp]

  Regalcoin (REC) is a PoW/PoS coin that uses the
  X11 hashing algorithm. Its launch date was September 28th, 2017. Regalcoin’s total supply is 16,491,413 coins and its circulating supply is 12,799,009 coins. The Reddit community for Regalcoin is /r/RegalCoin and the currency’s Github account can be viewed here. Regalcoin’s official Twitter account is @regalcoinx and its Facebook page is accessible here. The official website for Regalcoin is regalcoin.co.

Best Energy Stocks To Invest In 2019: California Resources Corporation(CRC)

Advisors' Opinion:

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Zoe's Kitchen, Inc. (NYSE: ZOES) fell 27.8 percent to $10.45 in pre-market trading after the company reported weaker-than-expected earnings for its first quarter. The company also lowered its FY18 sales outlook from $358million-$368 million to $345 million-$352 million. Hibbett Sports, Inc. (NASDAQ: HIBB) shares fell 15.6 percent to $24.50 in pre-market trading after the company reported weaker-than-expected results for its first quarter. Rockwell Medical, Inc. (NASDAQ: RMTI) fell 15.5 percent to $5.02 in the pre-market trading session after the company disclosed that its President and CEO Robert Chioini was terminated. BG Staffing Inc (NYSE: BGSF) shares fell 12.7 percent to $19.00 in pre-market trading after reporting a common stock offering. 8x8, Inc. (NASDAQ: EGHT) fell 9.3 percent to $20.00 in pre-market trading after reporting downbeat quarterly earnings. Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) fell 7.7 percent to $2.35 in pre-market trading after rising 3.88 percent on Thursday. Gap, Inc. (NYSE: GPS) shares fell 7.5 percent to $30.49 in pre-market trading after the company posted downbeat earnings for its first quarter on Thursday. Comps were up 1 percent in the quarter. California Resources Corporation (NYSE: CRC) fell 6.4 percent to $33.91 in pre-market trading. Buckle Inc (NYSE: BKE) fell 4.9 percent to $24.50 in pre-market trading following weak quarterly sales. China Rapid Finance Limited (NYSE: XRF) shares fell 4.9 percent to $3.13 in pre-market trading after climbing 11.53 percent on Thursday. Ross Stores, Inc. (NASDAQ: ROST) fell 4.8 percent to $78.98 in pre-market trading. Ross Stores reported upbeat earnings for its first quarter, but issued weak forecast for the current quarter. Callon Petroleum Company (NYSE: CPE) shares fell 4.7 percent to $11.90 in pre-market trading after the company reported pricing of common
• [By Shane Hupp]

  Shares of California Resources Corp (NYSE:CRC) reached a new 52-week high and low on Thursday . The stock traded as low as $41.00 and last traded at $40.01, with a volume of 1481116 shares trading hands. The stock had previously closed at $37.78.

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) fell 13.2 percent to $10.95 in pre-market trading after dropping 1.33 percent on Friday. Banco Santander, S.A. (NYSE: SAN) shares fell 8.7 percent to $5.33 in pre-market trading after declining 2.83 percent on Friday. Synchrony Financial (NYSE: SYF) fell 8 percent to $32.75 in the pre-market trading session. AerCap Holdings N.V. (NYSE: AER) shares fell 7.4 percent to $51.17 in pre-market trading. Inovio Pharmaceuticals, Inc. (NASDAQ: INO) fell 7.4 percent to $4.54 in pre-market trading. Tailored Brands, Inc. (NYSE: TLRD) fell 7 percent to $31.83 in pre-market trading. California Resources Corporation (NYSE: CRC) shares fell 6.5 percent to $30.29 in pre-market trading after dropping 10.60 percent on Friday. Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) fell 6.2 percent to $6.85 in pre-market trading. RedHill Biopharma Ltd. (NASDAQ: RDHL) fell 6 percent to $6.67 in pre-market trading. QEP Resources, Inc. (NYSE: QEP) shares fell 5.8 percent to $11.45 in pre-market trading after dropping 6.75 percent on Friday. Noah Holdings Limited (NYSE: NOAH) fell 5.5 percent to $61.53 in pre-market trading. CNH Industrial N.V. (NYSE: CNHI) shares fell 5.2 percent to $11.70 in pre-market trading
• [By Ethan Ryder]

  Commerzbank Aktiengesellschaft FI reduced its position in shares of California Resources (NYSE:CRC) by 29.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 238,208 shares of the oil and gas producer’s stock after selling 101,290 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in California Resources were worth $4,085,000 as of its most recent filing with the Securities and Exchange Commission.

• [By Lisa Levin] Gainers Biostar Pharmaceuticals, Inc. (NASDAQ: BSPM) shares jumped 29.86 percent to close at $2.87 on Friday. Commercial Vehicle Group, Inc. (NASDAQ: CVGI) shares gained 28.87 percent to close at $8.75 after reporting upbeat Q1 earnings. Mexco Energy Corporation (NYSE: MXC) gained 27.02 percent to close at $5.4744. Carbon Black, Inc. (NASDAQ: CBLK) climbed 26 percent to close at $23.94. Carbon Black priced its IPO at $19 per share. Portola Pharmaceuticals, Inc. (NASDAQ: PTLA) rose 25.64 percent to close at $42.44 after the FDA approved the company's Andexxa, the only antidote indicated for patients treated with rivaroxaban and apixaban. Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) rose 23.19 percent to close at $8.50 after reporting Q2 results. California Resources Corporation (NYSE: CRC) shares gained 22.45 percent to close at $31.58 following upbeat Q1 earnings. Atomera Incorporated (NASDAQ: ATOM) gained 22.31 percent to close at $6.25 after reporting Q1 results. Medifast, Inc. (NYSE: MED) shares jumped 22.27 percent to close at $121.46 after the company reported strong Q1 results and raised its FY18 guidance. Jerash Holdings (US), Inc. (NASDAQ: JRSH) gained 20.86 percent to close at $8.46. Pandora Media, Inc. (NYSE: P) rose 19.83 percent to close at $6.89 after reporting strong quarterly results. Shake Shack Inc (NYSE: SHAK) rose 18.01 percent to close at $55.95 on Friday after the company reported upbeat results for its first quarter and raised its FY18 guidance. Super Micro Computer, Inc. (NASDAQ: SMCI) rose 17.73 percent to close at $21.25 after reporting strong preliminary results for the third quarter. Schmitt Industries, Inc. (NASDAQ: SMIT) rose 17.41 percent to close at $2.36. Titan International, Inc. (NYSE: TWI) shares gained 16.78 percent to close at $12.25 following Q1 earnings. Integer Holdings Corporation (NYSE: ITGR) shares rose 14.23 percent to close at $63.40 following Q1 result

Best Energy Stocks To Invest In 2019: Tengasco, Inc.(TGC)

Advisors' Opinion:

• [By Max Byerly]

  Tigercoin (CURRENCY:TGC) traded 12.1% lower against the US dollar during the 1-day period ending at 23:00 PM E.T. on May 6th. One Tigercoin coin can now be bought for $0.0077 or 0.00000083 BTC on popular cryptocurrency exchanges. In the last week, Tigercoin has traded 6.4% lower against the US dollar. Tigercoin has a total market cap of $334,680.00 and approximately $64.00 worth of Tigercoin was traded on exchanges in the last 24 hours.

Brokerages Expect Waters Co. (WAT) to Announce $1.92 EPS

Analysts predict that Waters Co. (NYSE:WAT) will post earnings per share of $1.92 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Waters’ earnings, with the highest EPS estimate coming in at $2.00 and the lowest estimate coming in at $1.87. Waters reported earnings of $1.76 per share during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The firm is scheduled to issue its next earnings results on Tuesday, July 24th.

On average, analysts expect that Waters will report full-year earnings of $8.21 per share for the current fiscal year, with EPS estimates ranging from $8.10 to $8.42. For the next fiscal year, analysts anticipate that the firm will post earnings of $9.06 per share, with EPS estimates ranging from $8.80 to $9.49. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Waters.

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Waters (NYSE:WAT) last released its quarterly earnings data on Tuesday, April 24th. The medical instruments supplier reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.04. Waters had a net margin of 1.14% and a return on equity of 25.80%. The company had revenue of $530.70 million for the quarter, compared to analysts’ expectations of $534.17 million. During the same quarter in the prior year, the firm earned $1.46 EPS. The business’s revenue was up 6.6% on a year-over-year basis.

WAT has been the topic of several recent research reports. Cleveland Research cut shares of Waters from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 14th. Zacks Investment Research cut shares of Waters from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine cut shares of Waters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley dropped their price target on shares of Waters from $237.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 11th. Finally, Barclays dropped their price target on shares of Waters from $208.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $207.31.

In other news, SVP Michael C. Harrington sold 16,078 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $194.67, for a total transaction of $3,129,904.26. Following the completion of the sale, the senior vice president now owns 18,115 shares in the company, valued at approximately $3,526,447.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joann A. Reed sold 2,090 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $195.77, for a total transaction of $409,159.30. Following the sale, the director now owns 17,932 shares of the company’s stock, valued at approximately $3,510,547.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,689 shares of company stock worth $7,130,365. Insiders own 0.98% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. increased its stake in shares of Waters by 16.2% during the 4th quarter. OppenheimerFunds Inc. now owns 1,860 shares of the medical instruments supplier’s stock worth $359,000 after purchasing an additional 259 shares during the last quarter. LPL Financial LLC increased its stake in shares of Waters by 7.7% during the 4th quarter. LPL Financial LLC now owns 3,760 shares of the medical instruments supplier’s stock worth $729,000 after purchasing an additional 269 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Waters by 12.4% during the 1st quarter. IFM Investors Pty Ltd now owns 2,530 shares of the medical instruments supplier’s stock worth $503,000 after purchasing an additional 280 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Waters by 4.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,690 shares of the medical instruments supplier’s stock worth $1,486,000 after purchasing an additional 300 shares during the last quarter. Finally, FIL Ltd grew its stake in Waters by 0.5% in the 1st quarter. FIL Ltd now owns 59,953 shares of the medical instruments supplier’s stock valued at $11,910,000 after buying an additional 311 shares in the last quarter. Institutional investors own 92.14% of the company’s stock.

NYSE WAT traded up $0.88 during trading hours on Tuesday, hitting $193.87. The company’s stock had a trading volume of 567,963 shares, compared to its average volume of 676,068. Waters has a 52 week low of $171.32 and a 52 week high of $220.20. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.87 and a current ratio of 6.44.

Waters declared that its board has approved a stock buyback program on Tuesday, April 24th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the medical instruments supplier to reacquire up to 18.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

About Waters

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.

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Starbucks Pumps the Brakes in Its Home Market

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Americans' long-running joke about a Starbucks on every corner may be nearing its end.

The coffee behemoth is retrenching in its home market as it contends with sales growth that Chief Executive Officer Kevin Johnson acknowledges isn’t fast enough. The cafe chain said Tuesday it expects comparable sales to rise just 1 percent globally for the current quarter—the worst performance in about nine years. That’s well below the 2.9 percent analysts were expecting, according to Consensus Metrix.

Starbucks also plans to close about 150 company-operated stores in densely penetrated U.S. markets next fiscal year, three times the number it historically shuts down annually. Shares of Starbucks slid as much as 6.3 percent in late trading Tuesday to $53.82.

“Our growth has slowed a bit,” Johnson said in an interview. “I expect better, I think our shareholders deserve better, and we're committed to address that.”

In Need of Caffeine

Starbucks sees lowest same-store sales growth this quarter since fiscal 2009

Source: Company data, Bloomberg

Note: Data is for fiscal quarters

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Although business abroad has been booming and the chain has been opening more and more cafes, U.S. sales growth has stalled for the company that brought espresso to the masses. With about 14,000 stores domestically, Starbucks is now pumping the brakes on licensed and company-operated locations, with a renewed focus on rural and suburban areas—not over-caffeinated urban neighborhoods where locals already joke that the next Starbucks will open inside an existing store.

The closing stores are often in “major metro areas where increases in wage and occupancy and other regulatory requirements” are making them unprofitable, Johnson said. “Now, in a lot of ways, it's middle America and the South that presents an opportunity.”

For the ubiquitous chain, moving slower and shutting unprofitable stores may trigger some deja vu. In 2008, longtime leader Howard Schultz returned to the company that was struggling after expanding too quickly across the U.S., giving competitors like McDonald's Corp. a chance to elbow back into breakfast. Investors cheered as Schultz retook the helm and closed some underperforming stores, and share prices at the chain have been up eight of the last 10 years. So far this year through Tuesday’s close, shares have been essentially flat.

But now, with Schultz stepping back from his beloved company, the task of the righting the ship will fall to Johnson, who took over as a CEO just over a year ago. Schultz, who had already transitioned away from running the coffee chain’s day-to-day operations, announced earlier this month he'd be leaving the company, fueling speculation he could be gearing up for a political career. Veteran retailing executive Myron Ullman is taking over as the new head of the board as Schultz departs.

#lazy-img-328688168:before{padding-top:69.82421875%;}Schultz (L) hands Johnson the key to the original Starbucks store during the annual shareholders’ meeting on March 22, 2017 in Seattle.Photographer: Stephen Brashear/Getty Images

While Schultz had been trying to expand the Seattle company’s premium business, dubbed Reserve, along with Italian bakery Princi, analysts have speculated that these may be put on the back burner under the new leadership. The company is also facing a resurgent McDonald’s, which has been advertising $2 cold-brew coffees, along with other steep discounts from fast-food rivals.

“The competitive environment has really become a lot stronger in the U.S. and a lot of that is the fast-food chains really improving the quality and breadth of their offerings in terms of hot beverages and breakfast,” said Bloomberg Intelligence analyst Jennifer Bartashus. Americans can “get that same flavor profile at a much lower price somewhere else. That becomes an area of concern for Starbucks.”

Starbucks has also faced backlash this spring after two black men were arrested at one of its stores in Philadelphia while waiting for a meeting to begin. The company and Johnson apologized, calling the arrests “reprehensible.” Last month, Starbucks closed about 8,000 cafes so its employees could undergo racial-bias training, which did hurt sales in the quarter, Johnson said. After stores reopened following the May 29 training, sales have started to rebound at U.S. locations, with the chain expecting domestic same-store sales growth of around 3 percent in June, according to the company.

“The competitive environment has really become a lot stronger in the U.S.”

Starbucks says it can attract more diners in the U.S. with new menu items and will focus on its expanding tea business, as well as capitalizing on health and wellness trends. Starbucks just added a new mango-dragon fruit iced drink to its permanent menu in the U.S. and Canada. And it’s focused on improving its food lineup with sous vide egg bites, plus a new line of lunch salads and sandwiches that it’s expanding across the nation.

“We're putting more of our energy into that afternoon day part and the portfolio of beverages that are offsetting some of the declines we're seeing in Frappuccino beverages,” Johnson said, citing a consumer shift away from sugary drinks. The company is also preparing to “lean into more plant-based beverages,” he said, noting that a new plant-based protein cold-brew drink will be introduced this summer.

The chain is also relying on its digital initiatives to contribute between 1 and 2 percent to comparable sales next fiscal year. There's going to be a new way for non-rewards customers to earn stars and rewards starting next spring, allowing visitors to cash in on loyalty without fully signing up.

Related: Free Food for Personal Data Is a Trade Some Diners Won’t Make

On Tuesday, Starbucks said that it will return more cash to shareholders—about $25 billion in buybacks and dividends through fiscal 2020, representing a $10 billion increase from the previous guidance. Additionally, it plans to cut general and administrative costs, and has hired a consultant to help in this area. It’s also exploring options to license some company-operated stores “in other appropriate markets,” it said.

The company earlier this year said the cash it got from a licensing deal with Nestle SA would go to support the company’s growth in the U.S. and China, where its expansion has been explosive. Starbucks plans to more than triple revenue in China in the next five years and open a new store every 15 hours through 2022 in that market. Johnson confirmed Tuesday that China may one day be a larger market for Starbucks than the U.S.

“The China market still offers a lot of potential,” Bartashus said. “But the current political environment with trade wars looming or the governments picking at each other—it definitely casts a shadow over the long-term prospects for large western brands that are in China.”

Oppenheimer Asset Management Inc. Has $1.14 Million Stake in Extra Space Storage (EXR)

Oppenheimer Asset Management Inc. reduced its stake in Extra Space Storage (NYSE:EXR) by 10.3% in the first quarter, HoldingsChannel.com reports. The fund owned 13,051 shares of the real estate investment trust’s stock after selling 1,502 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Extra Space Storage were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Extra Space Storage by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,508,360 shares of the real estate investment trust’s stock worth $131,665,000 after acquiring an additional 59,298 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Extra Space Storage by 3.4% in the fourth quarter. TIAA CREF Investment Management LLC now owns 619,194 shares of the real estate investment trust’s stock worth $54,149,000 after buying an additional 20,591 shares in the last quarter. Comerica Bank raised its position in shares of Extra Space Storage by 5.8% in the fourth quarter. Comerica Bank now owns 43,351 shares of the real estate investment trust’s stock worth $3,708,000 after buying an additional 2,388 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Extra Space Storage by 3.6% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 85,426 shares of the real estate investment trust’s stock worth $7,470,000 after buying an additional 2,936 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Extra Space Storage by 2.5% in the fourth quarter. Deutsche Bank AG now owns 2,923,110 shares of the real estate investment trust’s stock worth $255,617,000 after buying an additional 71,286 shares in the last quarter.

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A number of equities research analysts recently issued reports on the company. ValuEngine upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Wells Fargo & Co set a $99.00 price objective on Extra Space Storage and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets set a $84.00 price objective on Extra Space Storage and gave the stock a “hold” rating in a research report on Tuesday, May 1st. Bank of America upgraded Extra Space Storage from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, May 8th. Finally, Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $89.33.

Extra Space Storage opened at $96.25 on Friday, according to MarketBeat.com. Extra Space Storage has a twelve month low of $73.70 and a twelve month high of $97.34. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.66. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 4.16 and a beta of 0.19.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.39). Extra Space Storage had a net margin of 44.28% and a return on equity of 18.85%. The firm had revenue of $247.88 million for the quarter, compared to analysts’ expectations of $248.26 million. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts predict that Extra Space Storage will post 4.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.86 per share. This is an increase from Extra Space Storage’s previous quarterly dividend of $0.78. The ex-dividend date is Thursday, June 14th. This represents a $3.44 dividend on an annualized basis and a yield of 3.57%. Extra Space Storage’s dividend payout ratio (DPR) is presently 71.23%.

In other Extra Space Storage news, COO Samrat Sondhi sold 5,531 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $91.30, for a total transaction of $504,980.30. Following the sale, the chief operating officer now owns 75,138 shares in the company, valued at $6,860,099.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP P Scott Stubbs sold 9,250 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $85.73, for a total value of $793,002.50. Following the sale, the vice president now owns 144,973 shares in the company, valued at approximately $12,428,535.29. The disclosure for this sale can be found here. Insiders have sold 39,211 shares of company stock worth $3,557,167 in the last 90 days. Company insiders own 3.52% of the company’s stock.

Extra Space Storage Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2017, the Company owned and/or operated 1,483 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1,020,000 units and approximately 112 million square feet of rentable space.

Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage (NYSE:EXR).