Foundation Resource Management Inc Buys Jefferies Financial Group Inc, Franklin Resources Inc, Murphy Oil Corp, Sells Valero Energy Corp, Phillips 66, MFC Bancorp

• New Purchases: JEF, BEN, MUR,
• Added Positions: TECK, GILD, APA, DVN, NBL, DO,
• Reduced Positions: PSX, INTC, CSCO, MOS, CKH, SMHI,
• Sold Out: VLO, MFCB, JNJ,

For the details of FOUNDATION RESOURCE MANAGEMENT INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=FOUNDATION+RESOURCE+MANAGEMENT+INC

1. Exxon Mobil Corp (XOM) - 476,979 shares, 7.65% of the total portfolio. Shares added by 0.20%
2. Newmont Mining Corp (NEM) - 911,121 shares, 6.66% of the total portfolio. Shares added by 0.26%
3. Berkshire Hathaway Inc (BRK.B) - 175,838 shares, 6.36% of the total portfolio. Shares reduced by 0.78%
4. Teck Resources Ltd (TECK) - 1,218,014 shares, 6.01% of the total portfolio. Shares added by 3.54%
5. Merck & Co Inc (MRK) - 476,260 shares, 5.6% of the total portfolio. Shares reduced by 0.25%

Foundation Resource Management Inc initiated holding in Jefferies Financial Group Inc. The purchase prices were between $21.77 and $24.79, with an estimated average price of $23.42. The stock is now traded at around $22.93. The impact to a portfolio due to this purchase was 4.25%. The holding were 963,276 shares as of 2018-06-30.

Foundation Resource Management Inc initiated holding in Franklin Resources Inc. The purchase prices were between $31.8 and $34.5, with an estimated average price of $33.5. The stock is now traded at around $32.14. The impact to a portfolio due to this purchase was 1.32%. The holding were 211,649 shares as of 2018-06-30.

Foundation Resource Management Inc initiated holding in Murphy Oil Corp. The purchase prices were between $25.14 and $35.07, with an estimated average price of $30.85. The stock is now traded at around $33.21. The impact to a portfolio due to this purchase was 0.04%. The holding were 6,000 shares as of 2018-06-30.

Foundation Resource Management Inc sold out a holding in Valero Energy Corp. The sale prices were between $91.56 and $124.44, with an estimated average price of $112.03.

Foundation Resource Management Inc sold out a holding in MFC Bancorp Ltd. The sale prices were between $5.92 and $6.39, with an estimated average price of $6.23.

Foundation Resource Management Inc sold out a holding in Johnson & Johnson. The sale prices were between $119.4 and $131.76, with an estimated average price of $124.84.