Foundation Resource Management Inc Buys Lumen Technologies Inc, Tsakos Energy Navigation, Sells Corning Inc, Tsakos Energy Navigation, Marathon Petroleum Corp

Oct 07, 2020

Little Rock, AR, based Investment company Foundation Resource Management Inc (Current Portfolio) buys Lumen Technologies Inc, Tsakos Energy Navigation, sells Corning Inc, Tsakos Energy Navigation, Marathon Petroleum Corp, Diamond Offshore Drilling Inc during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Foundation Resource Management Inc. As of 2020Q3, Foundation Resource Management Inc owns 52 stocks with a total value of $328 million. These are the details of the buys and sells.

New Purchases: LUMN, TK41,
Added Positions: CVX, XOM, TECK, MOS, APA, DVN,
Reduced Positions: GLW, NEM, MRK, BRK.B, PFE, SNY, JEF, CSCO, INTC, KHC, HPQ, L, BKR, ABBV, PSX, FCX, CKH, NOK, PBT, RIG, CVE, NBL, OVV, PDS, F,
Sold Out: TNP, MPC, DOFSQ,

For the details of FOUNDATION RESOURCE MANAGEMENT INC's stock buys and sells, go to https://www.gurufocus.com/guru/foundation+resource+management+inc/current-portfolio/portfolio

These are the top 5 holdings of FOUNDATION RESOURCE MANAGEMENT INC

Newmont Corp (NEM) - 614,103 shares, 11.89% of the total portfolio. Shares reduced by 1.83%
Berkshire Hathaway Inc (BRK.B) - 117,268 shares, 7.62% of the total portfolio. Shares reduced by 1.9%
Merck & Co Inc (MRK) - 234,458 shares, 5.93% of the total portfolio. Shares reduced by 2.96%
Barrick Gold Corp (GOLD) - 602,794 shares, 5.17% of the total portfolio. Shares reduced by 0.87%
Teck Resources Ltd (TECK) - 1,102,922 shares, 4.68% of the total portfolio. Shares added by 1.74%

New Purchase: Lumen Technologies Inc (LUMN)

Foundation Resource Management Inc initiated holding in Lumen Technologies Inc. The purchase prices were between $9.63 and $11.42, with an estimated average price of $10.39. The stock is now traded at around $9.99. The impact to a portfolio due to this purchase was 2.81%. The holding were 912,514 shares as of .

New Purchase: Tsakos Energy Navigation Ltd (TK41)

Foundation Resource Management Inc initiated holding in Tsakos Energy Navigation Ltd. The purchase prices were between $6.06 and $9.01, with an estimated average price of $7.47. The stock is now traded at around $6.84. The impact to a portfolio due to this purchase was 0.23%. The holding were 93,874 shares as of .

Sold Out: Tsakos Energy Navigation Ltd (TNP)

Foundation Resource Management Inc sold out a holding in Tsakos Energy Navigation Ltd. The sale prices were between $7.25 and $10.96, with an estimated average price of $8.82.

Sold Out: Marathon Petroleum Corp (MPC)

Foundation Resource Management Inc sold out a holding in Marathon Petroleum Corp. The sale prices were between $28.62 and $39.91, with an estimated average price of $35.13.

Sold Out: Diamond Offshore Drilling Inc (DOFSQ)

Foundation Resource Management Inc sold out a holding in Diamond Offshore Drilling Inc. The sale prices were between $0.11 and $0.3, with an estimated average price of $0.22.

Here is the complete portfolio of FOUNDATION RESOURCE MANAGEMENT INC. Also check out:

1. FOUNDATION RESOURCE MANAGEMENT INC's Undervalued Stocks
2. FOUNDATION RESOURCE MANAGEMENT INC's Top Growth Companies, and
3. FOUNDATION RESOURCE MANAGEMENT INC's High Yield stocks
4. Stocks that FOUNDATION RESOURCE MANAGEMENT INC keeps buying

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