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

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Nov 15, 2021
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Irvington, NY, based Investment company Elm Ridge Management, LLC (Current Portfolio) buys Devon Energy Corp, Magnolia Oil & Gas Corp, ArcelorMittal SA, LyondellBasell Industries NV, Citigroup Inc, sells FedEx Corp, Citizens Financial Group Inc, Alcoa Corp, The Chemours Co, Houghton Mifflin Harcourt Co during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Elm Ridge Management, LLC. As of 2021Q3, Elm Ridge Management, LLC owns 26 stocks with a total value of $72 million. These are the details of the buys and sells.

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

These are the top 5 holdings of Elm Ridge Management, LLC
  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%
Added: Devon Energy Corp (DVN)

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.

Added: Magnolia Oil & Gas Corp (MGY)

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.

Added: ArcelorMittal SA (MT)

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.

Added: LyondellBasell Industries NV (LYB)

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.

Added: Citigroup Inc (C)

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.

Sold Out: FedEx Corp (FDX)

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.

Sold Out: Citizens Financial Group Inc (CFG)

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.

Sold Out: Houghton Mifflin Harcourt Co (HMHC)

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.



Here is the complete portfolio of Elm Ridge Management, LLC. Also check out:

1. Elm Ridge Management, LLC's Undervalued Stocks
2. Elm Ridge Management, LLC's Top Growth Companies, and
3. Elm Ridge Management, LLC's High Yield stocks
4. Stocks that Elm Ridge Management, LLC keeps buying
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