Home / Street Sector / Stocks Turn Active on Retreated Views: Chevron Corporation (NYSE:CVX), First Bancorp (NYSE:FBP)

Stocks Turn Active on Retreated Views: Chevron Corporation (NYSE:CVX), First Bancorp (NYSE:FBP)

Shares of Chevron Corporation (NYSE:CVX) [Trend Analysis] swings enthusiastically in regular trading session, it an raise of 2.03% to close at $111.56. Chevron Corp revealed that it has temporarily halted production from one of its two production units at the Gorgon liquefied natural gas (LNG) plant off Western Australia. “Production from Gorgon LNG Train 1 has been temporarily halted as we assess some recent performance variations. Train 2 production is unaffected, and we continue to produce LNG and load cargoes,” a spokeswoman for Chevron, operator of Gorgon, stated in an emailed statement. Moving forward to saw long-term intention, the experts calculate Return on Investment of -0.10%. The stock is going forward its fifty-two week low with 54.69% and lagging behind from its 52-week high price with -0.01%. CVX last month stock price volatility remained 1.39%.

First Bancorp (NYSE:FBP) released that pricing of the before reported public underwritten offering by certain stockholders of an aggregate of 18 million shares of the Corporation’s ordinary stock, $0.10 per value per share, that they presently own, at a price to the public of $5.60 per share. Funds associated with Thomas H. Lee Partners, L.P. are selling 9 million shares of Ordinary Stock; and funds managed by Oaktree Capital Management, L.P. are selling 9 million shares of Ordinary Stock.

Upon completion of the offering, THL’s beneficial ownership of Ordinary Stock will decrease from 19.3% to 15.1% (14.5% if the underwriters exercise their option to purchase additional shares of Ordinary Stock in full), and Oaktree’s beneficial ownership of Ordinary Stock will decrease from 19.3% to 15.1% (14.5% if the underwriters exercise their option to purchase additional shares of Ordinary Stock in full). The offering is predictable to close on December 5, 2016, subject to customary closing conditions.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

Check Also

Critical Profitability Ratio Analysis: Fang Holdings Limited (NYSE:SFUN), Twilio, Inc. (NYSE:TWLO)

To stick with focus on profitability valuation, Fang Holdings Limited (NYSE:SFUN) also listed in significant …

Leave a Reply

Your email address will not be published. Required fields are marked *