Author: therawinformant

Polen Capital Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter of 2020, the Polen Global Growth Model Portfolio returned 20.58% gross of fees, while the MSCI All Country World Index was up 19.22%. You should check out Polen Capital’s top 5 stock picks […]

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If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can significantly…

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The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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Rowan Street Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Fund posted a return of 43.2% for the quarter (gross), outperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Rowan Street Capital’s top 5 stock picks for […]

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U.S. energy giant Chevron Corp. (CVX) has entered into a definitive agreement to buy all of the outstanding shares of Noble Energy, Inc. (NBL) in an all-stock deal valued at $5 billion.Under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. The transaction price of $10.38 per share represents a premium of about 7.5% to Noble’s Friday close. Upon deal closure, Noble shareholders will own about 3% of the combined company. The total enterprise value, including debt, of the transaction amounts to $13 billion.Noble shares rose 6% to $10.22 in morning U.S. trading, while Chevron dropped 1.7% to $85.77.Chevron said the acquisition provides the company with low-cost, proved reserves and attractive undeveloped resources that will boost an already advantaged upstream portfolio. Noble has low-capital, cash-generating offshore assets in Israel, with which Chevron hopes to strengthen its position in the Eastern Mediterranean.Noble’s assets would also expand Chevron’s shale position in the DJ Basin of Colorado and the 92,000 largely contiguous and adjacent acres in the Permian Basin across West Texas and New Mexico.“Our strong balance sheet and financial discipline gives us the flexibility to be a buyer of quality assets during these challenging times,” said Chevron CEO Michael Wirth. “This is a cost-effective opportunity for Chevron to acquire additional proved reserves and resources. Noble’s multi-asset, high-quality portfolio will improve our ability to generate strong cash flow.”Wirth said that the deal is expected to unlock value for shareholders, generating $300 million in annual run-rate cost synergies, while also adding to free cash flow, and earnings per share returns one year after closing.Raymond James analyst John Freeman today raised Chevron’s price target to $100 (16% upside potential) from $95, while maintaining a Buy rating on the stock.With shares down 28% so far this year, Wall Street analysts are cautiously optimistic on the stock’s outlook. The Moderate Buy consensus breaks down into 10 Buy ratings versus 4 Hold ratings and 1 Sell rating. The $103.46 average analyst price target indicates 20% upside potential from current levels over the next 12 months. (See Chevron stock analysis on TipRanks).Related News: BP Invests $1B In Fuels Joint Venture With Reliance In India Sunrun To Buy Vivint Solar For About $1.46B In All-Stock Deal Billionaire Buffett’s Energy Unit To Buy Dominion Energy Assets For $4B More recent articles from Smarter Analyst: * Philips Reports Q2 Earnings Beat, Sending Shares Higher * Disney Delays Launch Of Its Marvel TV Series Citing Covid-19 Pandemic  * Ford, Mobileye Join Forces To Boost Camera-Detection Systems * BeiGene, Assembly Bio Ink $540M China HBV Deal; Shares Surge In Pre-Market

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Strategas Securities Head of Policy Research Dan Clifton joins the On the Move panel to discuss what to expect from the next COVID-19 relief plan.

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For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio…

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Yahoo Finance’s Adam Shapiro and Julie Hyman highlight Monday’s trending headlines.

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Every investor in Cisco Systems, Inc. (NASDAQ:CSCO) should be aware of the most powerful shareholder groups…

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