Covalent Partners LLC Buys ProPetro Holding Corp, Superior Energy Services Inc, Sells NexTier Oilfield Solutions Inc, Pioneer Natural Resources Co, Cornerstone Building Brands Inc

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Feb 17, 2020
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Waltham, MA, based Investment company Covalent Partners LLC (Current Portfolio) buys ProPetro Holding Corp, Superior Energy Services Inc, sells NexTier Oilfield Solutions Inc, Pioneer Natural Resources Co, Cornerstone Building Brands Inc, International Game Technology PLC, NextDecade Corp during the 3-months ended 2019Q4, according to the most recent filings of the investment company, Covalent Partners LLC. As of 2019Q4, Covalent Partners LLC owns 13 stocks with a total value of $24 million. These are the details of the buys and sells.

For the details of Covalent Partners LLC's stock buys and sells, go to https://www.gurufocus.com/guru/covalent+partners+llc/current-portfolio/portfolio

These are the top 5 holdings of Covalent Partners LLC
  1. NexTier Oilfield Solutions Inc (NEX) - 785,000 shares, 21.94% of the total portfolio. Shares reduced by 36.3%
  2. Gaming and Leisure Properties Inc (GLPI) - 106,000 shares, 19.03% of the total portfolio. Shares reduced by 11.35%
  3. Pioneer Natural Resources Co (PXD) - 30,000 shares, 18.94% of the total portfolio. Shares reduced by 25%
  4. Cornerstone Building Brands Inc (CNR) - 300,000 shares, 10.65% of the total portfolio. Shares reduced by 40%
  5. International Game Technology PLC (IGT) - 141,000 shares, 8.80% of the total portfolio. Shares reduced by 34.92%
New Purchase: ProPetro Holding Corp (PUMP)

Covalent Partners LLC initiated holding in ProPetro Holding Corp. The purchase prices were between $7.33 and $11.29, with an estimated average price of $8.98. The stock is now traded at around $10.32. The impact to a portfolio due to this purchase was 6.1%. The holding were 130,000 shares as of .

New Purchase: Superior Energy Services Inc (SPN)

Covalent Partners LLC initiated holding in Superior Energy Services Inc. The purchase prices were between $2.63 and $5.05, with an estimated average price of $3.91. The stock is now traded at around $5.85. The impact to a portfolio due to this purchase was 5.75%. The holding were 275,000 shares as of .



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