Elm Ridge Management, LLC Buys Devon Energy Corp, Magnolia Oil & Gas Corp, ArcelorMittal SA, Sells FedEx Corp, Citizens Financial Group Inc, Alcoa Corp

• Added Positions: DVN, MGY, MT, LYB, C, COP, CNQ, EQT, NEX,
• Reduced Positions: AA, CC, ADNT, NOV, MGA, YELL, RRC, WFC,
• Sold Out: FDX, CFG, HMHC,

For the details of Elm Ridge Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/elm+ridge+management%2C+llc/current-portfolio/portfolio

1. Alcoa Corp (AA) - 110,157 shares, 7.44% of the total portfolio. Shares reduced by 20.22%
2. AerCap Holdings NV (AER) - 87,046 shares, 6.94% of the total portfolio. Shares added by 0.39%
3. ConocoPhillips (COP) - 73,644 shares, 6.89% of the total portfolio. Shares added by 9.15%
4. Devon Energy Corp (DVN) - 134,186 shares, 6.58% of the total portfolio. Shares added by 68.05%
5. Magnolia Oil & Gas Corp (MGY) - 255,103 shares, 6.26% of the total portfolio. Shares added by 43.99%

Elm Ridge Management, LLC added to a holding in Devon Energy Corp by 68.05%. The purchase prices were between $24.93 and $35.75, with an estimated average price of $28.39. The stock is now traded at around $42.760000. The impact to a portfolio due to this purchase was 2.66%. The holding were 134,186 shares as of 2021-09-30.

Elm Ridge Management, LLC added to a holding in Magnolia Oil & Gas Corp by 43.99%. The purchase prices were between $13.07 and $17.89, with an estimated average price of $15.14. The stock is now traded at around $20.190000. The impact to a portfolio due to this purchase was 1.91%. The holding were 255,103 shares as of 2021-09-30.

Elm Ridge Management, LLC added to a holding in ArcelorMittal SA by 43.49%. The purchase prices were between $29.03 and $36.27, with an estimated average price of $32.68. The stock is now traded at around $30.725000. The impact to a portfolio due to this purchase was 1.45%. The holding were 115,051 shares as of 2021-09-30.

Elm Ridge Management, LLC added to a holding in LyondellBasell Industries NV by 34.26%. The purchase prices were between $89.9 and $105.94, with an estimated average price of $98.19. The stock is now traded at around $95.440000. The impact to a portfolio due to this purchase was 1.01%. The holding were 30,412 shares as of 2021-09-30.

Elm Ridge Management, LLC added to a holding in Citigroup Inc by 23.15%. The purchase prices were between $65.08 and $74.3, with an estimated average price of $69.93. The stock is now traded at around $68.775000. The impact to a portfolio due to this purchase was 0.79%. The holding were 43,401 shares as of 2021-09-30.

Elm Ridge Management, LLC sold out a holding in FedEx Corp. The sale prices were between $219.29 and $299.67, with an estimated average price of $271.73.

Elm Ridge Management, LLC sold out a holding in Citizens Financial Group Inc. The sale prices were between $41.2 and $47.99, with an estimated average price of $43.93.

Elm Ridge Management, LLC sold out a holding in Houghton Mifflin Harcourt Co. The sale prices were between $10.23 and $14.2, with an estimated average price of $12.57.