Social Initiatives, Conclusion of Stake Sale, Stock Price Movements, and Quarterly Wells and Rigs Count - Analyst Notes on ExxonMobil, Vale, Alcoa, Apache and Baker
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Exxon Mobil Corporation (NYSE: XOM), Vale SA (NYSE: VALE), Alcoa Inc. (NYSE: AA), Apache Corporation (NYSE: APA) and Baker Hughes Incorporated (NYSE: BHI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1360-100free.
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Exxon Mobil Corporation Analyst Notes
On April 11, 2014, Exxon Mobil Corporation (ExxonMobil) announced the start of 10th annual Mickelson ExxonMobil Teachers Academy (Academy) held in Jersey City, Pittsburgh, Pennsylvania, and Houston, Texas in partnership with PGA golfer Phil Mickelson and his wife Amy. The Company informed that Academy is a one-week, all-expenses-paid professional development program that trains teachers on how to teach concepts of mathematics and science through easy and simple steps. Since the inception of the Academy, more than 4,100 teachers have received training, impacting the lives of more than 290,000 students, nationwide. For a period of ten years, the Academy has trained teachers in mathematics and science training. In addition, the Academy has also selected 150 teachers that will attend the national Academy in Jersey City, New Jersey. The full analyst notes on ExxonMobil are available to download free of charge at:
http://www.analystsreview.com/1360-XOM-21Apr2014.pdf
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Vale SA Analyst Notes
On April 15, 2014, Vale SA (Vale) announced the conclusion of sale of stake in VLI SA (VLI) to Mitsui & Co., Ltd. (Mitsui) and Investment Fund of the Fundo de Garantia do Tempo de Serviço 'FGTS (FI-FGTS) in a transaction that was announced on September 18, 2013. The Company informed that it has transferred 20% of the total capital of VLI to Mitsui for R$1.5 billion and 15.9% to FI-FGTS for R$1.2 billion. The Company stated that the cash proceeds from the sale to FI-FGTS and R$800 million of the proceeds from the sale to Mitsui will consist of cash contribution to VLI in consideration of the issue of new shares to Mitsui and FI-FGTS. The cash contribution to VLI will be used to finance part of VLI's investment plan. The Company added that the remaining amount of the transaction, R$709 million, was paid to Vale from Mitsui. The full analyst notes on Vale are available to download free of charge at:
http://www.analystsreview.com/1360-VALE-21Apr2014.pdf
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Alcoa Inc. Analyst Notes
On April 15, Alcoa Inc.'s (Alcoa) stock moved up 1.48% to end the trading session at $13.05, extending gains from previous day's trading session. Shares of Alcoa opened the session at $12.81 and oscillated in the range of $12.71 - $13.08. A total of 32.27 million shares were traded, which is above the 30-day average trading volume of 26.96 million. On April 12, 2014, Bloomberg reported that Fitch Ratings has cut Alcoa's credit grade one level below investment grade to BB+ from BBB-. The rating agency expects Alcoa's profit in year 2014 and 2015 to reflect weakness in the price of aluminum as its debt-to-Ebitda ratio rises to as much as 2.9. On April 8, 2014, Alcoa reported strong Q1 2014 earnings. Excluding one-time special items, earnings came in at $98 million or $0.09 per share in Q1 2014, surpassing the Zacks consensus estimate of $0.05 per share. The full analyst notes on Alcoa are available to download free of charge at:
http://www.analystsreview.com/1360-AA-21Apr2014.pdf
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Apache Corporation Analyst Notes
On April 15, 2014, shares in Apache Corporation (Apache) ended the trading session at $83.33, up 0.92%, tracking gains in broader market indices after both, Coca-Cola and Johnson & Johnson, posted better-than-expected numbers. Shares in Apache opened the session at $82.65 and fluctuated between $82.24 and $83.81. The stock has a 52-week high of $94.84 and a 52-week low of $67.91. Over the past twelve months, the stock has gained 15.66% outperforming the Dow Jones Industrial Average which gained 10.20% over the same time period. Further, the Company informed that it will hold its 2014 Annual Meeting of Shareholders on May 15, 2014. The full analyst notes on Apache are available to download free of charge at:
http://www.analystsreview.com/1360-APA-21Apr2014.pdf
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Baker Hughes Incorporated Analyst Notes
On April 11, 2014, Baker Hughes Incorporated (Baker Hughes) announced its Q1 2014 U.S. onshore well count and rig count. According to the Company, its Q1 2014 U.S. onshore well count was 8,853 wells, up 4% YoY and down 3% QoQ. The Company stated that due to better drilling efficiencies, the average U.S. onshore drilling rig now produces 3% more wells compared to Q1 2013. During the quarter, sequentially, U.S. onshore well counts in the Eagle Bay declined 5%, Marcellus declined 9%, and Barnett declined 13%, which impacted the total U.S. onshore well counts in Q1 2014. The average U.S. onshore rig count for Q1 2014 was 1,724, up 1.1% YoY and 1.6% QoQ. Further, the U.S. onshore rig fleet produced 5.14 new wells on an average during Q1 2014, which represents a 3% improvement in drilling efficiencies compared to Q1 2013. The full analyst notes on Baker are available to download free of charge at:
http://www.analystsreview.com/1360-BHI-21Apr2014.pdf
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