Ron Baron

Ron Baron

Last Update: 02-14-2017

Number of Stocks: 322
Number of New Stocks: 35

Total Value: $17,759 Mil
Q/Q Turnover: 3%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ron Baron Watch

  • Elon Musk Invests in Tesla

    Elon Musk, chairman and CEO of Tesla Inc. (NASDAQ:TSLA), purchased 95,420 shares on March 17 for $262 per share, according to a filing with the SEC.


    Musk now owns over 33.6 million shares of the company.

      


  • Baron Funds Comments on Kraton Corp

    Shares of specialty chemical company Kraton Corporation (NYSE:KRA) decreased in the fourth quarter as management reduced fiscal year guidance again. We believe the reduction was due to exogenous, temporary factors, leaving our long-term thesis intact. We think the company is on track to execute its plan to grow earnings through cost savings, acquisition synergies, and organic growth, while generating significant free cash to delever the balance sheet, accruing value to equity holders.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on SolarEdge Technologies

    SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a leading provider of DC optimizers and inverters for residential and commercial solar systems. The share price fell in the fourth quarter on investor concerns around sluggish residential market growth as a result of changing purchase behavior and slowing growth of the largest installers. New competitors are looking to penetrate the U.S. market in 2017, suggesting amplified pricing pressure above market expectations and potentially lost market share for SolarEdge. We exited our position.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on Newfield Exploration

    Newfield Exploration Co. (NYSE:NFX) is an independent E&P company focused on shale oil fields in Oklahoma, Utah, and North Dakota. Shares fell in the fourth quarter after the company reported quarterly results that fell short of analyst expectations despite raised production guidance and increased activity in its highest return assets in Oklahoma. We like shares at these prices and believe there is more upside to resource potential and opportunities for Newfield to sell non-core assets to accelerate development of its higher return assets.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on Rice Energy

    Rice Energy Inc. (NYSE:RICE) is an independent E&P company focused on the Marcellus and Utica shales in Pennsylvania and Ohio. Shares declined in the fourth quarter due to a weakening natural gas outlook and higher exposure to Appalachia in-basin pricing following Rice’s acquisition of Vantage Energy. We believe Rice offers exposure to some of the best acreage and industry-leading production growth. We also think that the market underappreciates the value of Rice’s midstream holdings.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on Flotek Industries

    Flotek Industries, Inc. (NYSE:FTK) supplies chemical additives to the global oil and gas industry. It has a proprietary product (CnF) that helps increase oil and gas shale well productivity. Shares fell in the fourth quarter following a short seller’s assertion that independent consultant studies commissioned by Flotek were based on incomplete data and failed to consider key variables. After incorporating additional data, the consultant confirmed its conclusion that CnF improves well productivity. We expect shares to rebound as Flotek proves demand for CnF remains solid.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on Targa Resources Corp

    Targa Resources Corp. (NYSE:TRGP) has a prime gathering and processing footprint in low cost oil and gas basins (specifically the Permian Basin) and the Gulf Coast. Shares of this midstream energy company rose during the fourth quarter on recovering commodity prices after OPEC signed a deal to cut production. We believe this deal will translate into better visibility, volumes, and operating leverage for Targa, allowing it to stabilize its dividend and improve its coverage ratio, and explore potential avenues for growth through better utilization and footprint expansion.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on Valero Energy Corp

    Shares of Valero Energy Corporation (NYSE:VLO), the largest independent refining & marketing company in the U.S., rose on solid third quarter results driven by lower operating costs and reduced capital budget guidance. Shares also rallied on post-election sentiment that positive regulatory changes will help with rising Renewable Identification Number costs. Valero has produced strong free cash flow and returned cash to shareholders through dividends and share repurchases that we believe will result in a potentially higher share price over the next several years.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on Halliburton Co.

    Halliburton Co. (NYSE:HAL) is one of the largest diversified oilfield service and equipment companies in the world. Shares increased in the fourth quarter as the company reported strong earnings on lower costs and margins in North America that beat Street expectations. Shares also rallied after OPEC’s decision to cut output. We believe Halliburton has a market-leading position in North American unconventional plays and is the best positioned company to benefit from the ongoing recovery in onshore well completion activity.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


  • Baron Funds Comments on Encana Corp

    Encana Corp. (NYSE:ECA) is an E&P company with operations in Western Canada and Texas. The stock rose in the fourth quarter after Encana reported production guidance that beat Street expectations, a solid multi-year growth outlook, and lower cash costs. Encana has strong positions in two of the more attractive oil plays in the Permian and Eagle Ford Basins and two of the lowest cost natural gas basins in Western Canada. We believe Encana is one of the most attractively valued E&P companies with strong long-term growth and returns potential.


    From Baron Energy and Resources Fund fourth quarter 2016 commentary.

      


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