Foundation Resource Management Inc Buys Federated Investors Inc, BP PLC, Johnson & Johnson, Sells Merck Inc, Pfizer Inc

• New Purchases: FII, BP, JNJ,
• Added Positions: GG, APA,
• Reduced Positions: MRK, PFE, CSCO, COP, PSX, BHGE, NOK,

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) - 476,001 shares, 7.82% of the total portfolio. Shares reduced by 0.21%
2. Berkshire Hathaway Inc (BRK.B) - 174,662 shares, 7.23% of the total portfolio. Shares reduced by 0.67%
3. Teck Resources Ltd (TECK) - 1,214,529 shares, 5.66% of the total portfolio. Shares reduced by 0.29%
4. The Mosaic Co (MOS) - 867,187 shares, 5.44% of the total portfolio. Shares reduced by 0.34%
5. ConocoPhillips (COP) - 358,215 shares, 5.36% of the total portfolio. Shares reduced by 1.43%

Foundation Resource Management Inc initiated holding in Federated Investors Inc. The purchase prices were between $22.37 and $25.17, with an estimated average price of $23.52. The stock is now traded at around $24.23. The impact to a portfolio due to this purchase was 1.07%. The holding were 229,766 shares as of 2018-09-30.

Foundation Resource Management Inc initiated holding in BP PLC. The purchase prices were between $41.53 and $47.05, with an estimated average price of $44.07. The stock is now traded at around $46.91. The impact to a portfolio due to this purchase was 0.04%. The holding were 4,379 shares as of 2018-09-30.

Foundation Resource Management Inc initiated holding in Johnson & Johnson. The purchase prices were between $121.58 and $142.88, with an estimated average price of $132.89. The stock is now traded at around $140.49. The impact to a portfolio due to this purchase was 0.04%. The holding were 1,509 shares as of 2018-09-30.

Foundation Resource Management Inc reduced to a holding in Merck & Co Inc by 26.98%. The sale prices were between $60.46 and $71.1, with an estimated average price of $66.77. The stock is now traded at around $71.97. The impact to a portfolio due to this sale was -1.51%. Foundation Resource Management Inc still held 347,780 shares as of 2018-09-30.

Foundation Resource Management Inc reduced to a holding in Pfizer Inc by 28.13%. The sale prices were between $36.33 and $44.07, with an estimated average price of $40.58. The stock is now traded at around $44.30. The impact to a portfolio due to this sale was -1.48%. Foundation Resource Management Inc still held 538,918 shares as of 2018-09-30.