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Business Wire
14-07-2025
- Business
- Business Wire
ProPetro Appoints Caleb Weatherl as Chief Financial Officer
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ('ProPetro' or the 'Company') (NYSE: PUMP) today announced the appointment of Caleb Weatherl as Chief Financial Officer, effective immediately. Mr. Weatherl joins ProPetro with a wealth of experience in the energy and financial sectors. Most recently, he served as Chief Executive Officer and Board Member at Garrison Energy, where he was responsible for securing a significant equity commitment to pursue upstream oil and gas opportunities. Prior to co-founding Garrison Energy, Mr. Weatherl held senior positions including President and Chief Financial Officer at Stronghold Energy II, where he drove operational growth and managed challenges during the COVID-19 pandemic before Stronghold Energy II's successful sale in 2022. He first served in the role of Chief Financial Officer at Desert Royalty Company, where he led departmental transformations. Prior to his roles as Chief Financial Officer, he co-founded Stronghold Energy Partners, where he played a key role in strategic acquisitions. Earlier in his career, he gained valuable experience at Weatherl Energy Investments, Bain Capital, and McKinsey & Company, where he developed a strong foundation in financial and energy markets. Mr. Weatherl holds an A.B. in Economics, cum laude, from Harvard College and an M.B.A. from Harvard Business School where he was a Baker Scholar. "We are thrilled to welcome Caleb to the ProPetro team," said Sam Sledge, Chief Executive Officer of ProPetro. "Caleb's extensive background in the energy sector and his proven ability to drive financial performance and execute a strategy make him an excellent addition to our Company. His deep understanding of our industry aligns perfectly with our culture and long-term vision. We're confident he'll make an impact as we continue strengthening our operational and financial foundation, all with a sharp focus on driving long-term shareholder value.' Mr. Weatherl commented, 'Having grown up and built my career in Midland, I've long admired ProPetro's reputation for excellence and its deep roots in the community. It's an honor to join such a respected, first-class organization. I look forward to hitting the ground running and working closely with Sam and the rest of the leadership team to build on ProPetro's strong foundation and help advance ProPetro's next chapter of success.' About ProPetro ProPetro Holding Corp. is a Midland, Texas-based provider of premium completion and power services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. We help bring reliable energy to the world. For more information visit Forward-Looking Statements Except for historical information contained herein, the statements and information in this news release above are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words 'may,' 'could,' "confident," 'plan,' 'project,' 'budget,' "design," 'predict,' 'pursue,' 'target,' 'seek,' 'objective,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'will,' 'should,' "continue," and other expressions that are predictions of, or indicate, future events and trends or that do not relate to historical matters generally identify forward‑looking statements. Our forward‑looking statements include, among other matters, statements about industry trends and activity levels, our business strategy, projected financial results and future financial performance, expected capital expenditures, the impact of such expenditures on our performance and capital programs. A forward‑looking statement may include a statement of the assumptions or bases underlying the forward‑looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable. Although forward‑looking statements reflect our good faith beliefs at the time they are made, forward-looking statements are subject to a number of risks and uncertainties that may cause actual events and results to differ materially from the forward-looking statements. Such risks and uncertainties include, but are not limited to, those described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, particularly the 'Risk Factors' sections of such filings, and other filings with the Securities and Exchange Commission (the 'SEC'). In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements and are urged to carefully review and consider the various disclosures made in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings made with the SEC from time to time that disclose risks and uncertainties that may affect the Company's business. The forward-looking statements in this news release are made as of the date of this news release. ProPetro does not undertake, and expressly disclaims, any duty to publicly update these statements, whether as a result of new information, new developments or otherwise, except to the extent that disclosure is required by law.
Yahoo
15-05-2025
- Business
- Yahoo
John Paulson's Strategic Move: Honeywell International Inc. Takes Center Stage
John Paulson (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. John Paulson (Trades, Portfolio) is the President and Portfolio Manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the 3rd largest hedge fund in the world managing approximately $29 billion in merger, event, and distressed strategies. Mr. Paulson received his Masters of Business Administration with high distinction, as a Baker Scholar, from Harvard Business School in 1980. He graduated summa cum laude in Finance from New York University's College of Business and Public Administration in 1978. Prior to forming Paulson in 1994, John was a general partner of Gruss Partners and a managing director in mergers and acquisitions at Bear Stearns. John Paulson (Trades, Portfolio), a former mergers and acquisitions banker, established his firm as a merger arbitrage hedge fund manager, seeking to make money from situations when one public company announces plans to take over another. Merger arbitrage hedge funds primarily study equity markets, but they also research the market for credit default swaps, a form of insurance that starts paying out as soon as a credit security falls in value. Warning! GuruFocus has detected 4 Warning Signs with MDGL. John Paulson (Trades, Portfolio) added a total of 2 stocks, among them: The most significant addition was Honeywell International Inc (NASDAQ:HON), with 200,000 shares, accounting for 2.42% of the portfolio and a total value of $42.35 million. The second largest addition to the portfolio was Intra-Cellular Therapies Inc (ITCI), consisting of 21,500 shares, representing approximately 0.16% of the portfolio, with a total value of $2,836,280. John Paulson (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them: The most notable increase was Madrigal Pharmaceuticals Inc (NASDAQ:MDGL), with an additional 57,523 shares, bringing the total to 2,099,523 shares. This adjustment represents a significant 2.82% increase in share count, a 1.09% impact on the current portfolio, with a total value of $695.425 million. The second largest increase was International Tower Hill Mines Ltd (THM), with an additional 6,040,408 shares, bringing the total to 70,239,388. This adjustment represents a significant 9.41% increase in share count, with a total value of $44,391,290. John Paulson (Trades, Portfolio) completely exited 1 of the holdings in the first quarter of 2025, as detailed below: Alphabet Inc (NASDAQ:GOOGL): John Paulson (Trades, Portfolio) sold all 10,000 shares, resulting in a -0.12% impact on the portfolio. At the first quarter of 2025, John Paulson (Trades, Portfolio)'s portfolio included 14 stocks, with top holdings including 39.81% in Madrigal Pharmaceuticals Inc (NASDAQ:MDGL), 15.16% in Perpetua Resources Corp (NASDAQ:PPTA), 13.25% in Acadian Asset Management Inc (NYSE:AAMI), 9.79% in Bausch Health Companies Inc (NYSE:BHC), and 4.86% in Agnico Eagle Mines Ltd (NYSE:AEM). The holdings are mainly concentrated in 5 of all the 11 industries: Healthcare, Basic Materials, Financial Services, Communication Services, and Industrials. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
S&P Global Inc. (SPGI): Among Billionaire Chris Hohn's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where S&P Global Inc. (NYSE:SPGI) stands against Billionaire Chris Hohn's other stock picks with huge upside potential. The Children's Investment Fund Management, also known as TCI Fund Management, is a British hedge fund firm headquartered in London and founded in 2003 by Sir Christopher Anthony Hohn. Hohn, a British billionaire and Harvard MBA graduate (Baker Scholar), also serves as the fund's portfolio manager. TCI is distinguished by its value-oriented, fundamental investment philosophy and its focus on long-term, high-conviction positions in globally competitive businesses. The fund employs a private equity-style approach to public market investing, relying on deep fundamental research, constructive engagement with company management, and a willingness to use shareholder activism when necessary to drive performance. Known for its concentrated portfolio structure, the TCI Master Fund maximizes alpha by targeting high-quality companies with sustainable competitive advantages and predictable free cash flow. TCI's investment strategy includes opportunistic ventures into corporate transformations and special situations. In line with its activist reputation, the firm is prepared to exert influence on company direction and governance when it deems necessary to unlock shareholder value. This assertive approach has helped cement TCI's reputation as one of the most successful and influential hedge funds in the world. A significant aspect of TCI's operations is its real estate lending business, which was launched in 2014 under the TCI Real Estate Partners Lending Funds. These funds invest alongside The Children's Investment Fund Foundation (CIFF), the philanthropic arm initially supported by the fund's profits. The lending strategy centers on first mortgage and senior secured lending for high-quality assets, with a particular focus on prime locations in major North American and European cities. This real estate arm reflects TCI's broader investment philosophy, seeking security, quality, and long-term value. As of Q4 2024, TCI managed $42.4 billion in securities across just nine core stock holdings, reflecting its highly concentrated and conviction-driven investment approach. The firm's blend of fundamental analysis, disciplined value investing, and strategic activism continues to position it as a powerful force in global capital markets. Through its unique alignment of investment and philanthropic missions, TCI also exemplifies how hedge funds can blend financial performance with broader societal impact. For this article, we searched through TCI Fund Management's Q4 2024 13F filings to identify billionaire Chris Hohn's stock picks with the highest upside potential. We compiled the equities with upside potential higher than 8% at the time of writing this article and analyzed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 363.5% since May 2014, beating its benchmark by 208 percentage points (). A group of analysts studying data on a large monitor.S&P Global Inc. (NYSE:SPGI) is a premier provider of financial information and analytics, serving institutional investors, corporations, and government entities worldwide. Headquartered in New York City, the company delivers a comprehensive suite of services spanning credit ratings, market intelligence, commodity analytics, mobility solutions, and index development, most notably the widely followed S&P index. In the first quarter of 2025, S&P Global Inc. (NYSE:SPGI) exceeded market expectations across the board. The company reported revenue of $3.78 billion, representing an 8% year-over-year increase and beating the consensus of $3.72 billion. Earnings per share came in at $4.37, outpacing the projected $4.23 and marking a 9% increase over the prior-year period. These results were driven by solid growth across its business segments, particularly in Market Intelligence and Indices, which benefited from sustained capital market activity and increasing demand for data-driven investment tools. The firm also delivered significant margin expansion, improving operating margins by 240 basis points over the trailing twelve months. This operational efficiency reflects S&P Global Inc. (NYSE:SPGI)'s disciplined cost structure and high-margin business model. Additionally, the company returned over $900 million to shareholders through a combination of dividends and share repurchases, underlining its strong capital return policy. With a diversified revenue base, recurring income streams, and robust pricing power, S&P Global Inc. (NYSE:SPGI) continues to be a strategic asset in financial services portfolios. Its strong quarterly performance reaffirms the company's position as a high-quality compounder with dependable cash flow and earnings growth. Among Hohn's portfolio, S&P Global stands out with a notable upside potential of 15.74%, positioning it as one of the top stocks with significant growth prospects. The company has also seen increasing hedge fund interest; by the end of Q4 2024, 99 hedge funds out of 1,009 tracked by Insider Monkey held stakes in the company, up from 85 funds in the previous quarter. The total value of these holdings reached $10.52 billion, indicating rising confidence among institutional investors. Overall, SPGI ranks 5th on our list of Billionaire Chris Hohn's stock picks with huge upside potential. While we acknowledge the potential of these stock picks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SPGI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . 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Yahoo
09-05-2025
- Business
- Yahoo
Microsoft Corporation (MSFT): Among Billionaire Chris Hohn's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against Billionaire Chris Hohn's other stock picks with huge upside potential. The Children's Investment Fund Management, also known as TCI Fund Management, is a British hedge fund firm headquartered in London and founded in 2003 by Sir Christopher Anthony Hohn. Hohn, a British billionaire and Harvard MBA graduate (Baker Scholar), also serves as the fund's portfolio manager. TCI is distinguished by its value-oriented, fundamental investment philosophy and its focus on long-term, high-conviction positions in globally competitive businesses. The fund employs a private equity-style approach to public market investing, relying on deep fundamental research, constructive engagement with company management, and a willingness to use shareholder activism when necessary to drive performance. Known for its concentrated portfolio structure, the TCI Master Fund maximizes alpha by targeting high-quality companies with sustainable competitive advantages and predictable free cash flow. TCI's investment strategy includes opportunistic ventures into corporate transformations and special situations. In line with its activist reputation, the firm is prepared to exert influence on company direction and governance when it deems necessary to unlock shareholder value. This assertive approach has helped cement TCI's reputation as one of the most successful and influential hedge funds in the world. A significant aspect of TCI's operations is its real estate lending business, which was launched in 2014 under the TCI Real Estate Partners Lending Funds. These funds invest alongside The Children's Investment Fund Foundation (CIFF), the philanthropic arm initially supported by the fund's profits. The lending strategy centers on first mortgage and senior secured lending for high-quality assets, with a particular focus on prime locations in major North American and European cities. This real estate arm reflects TCI's broader investment philosophy, seeking security, quality, and long-term value. As of Q4 2024, TCI managed $42.4 billion in securities across just nine core stock holdings, reflecting its highly concentrated and conviction-driven investment approach. The firm's blend of fundamental analysis, disciplined value investing, and strategic activism continues to position it as a powerful force in global capital markets. Through its unique alignment of investment and philanthropic missions, TCI also exemplifies how hedge funds can blend financial performance with broader societal impact. For this article, we searched through TCI Fund Management's Q4 2024 13F filings to identify billionaire Chris Hohn's stock picks with the highest upside potential. We compiled the equities with upside potential higher than 8% at the time of writing this article and analyzed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 363.5% since May 2014, beating its benchmark by 208 percentage points (). A development team working together to create the next version of Corporation (NASDAQ:MSFT), a leading multinational technology conglomerate headquartered in Redmond, Washington, delivered a strong third-quarter performance that surpassed analyst expectations across all key metrics. The company reported earnings per share of $3.46, beating the consensus estimate of $3.23, and reflecting an 18% year-over-year increase in net income to $25.8 billion. Revenue for the quarter reached $70.1 billion, up 13% from the same period last year, also outperforming the projected $68.53 billion. Segment-wise, Microsoft Corporation (NASDAQ:MSFT)'s 'Intelligent Cloud' division, which includes Azure and server products, generated $26.8 billion in revenue, a 21% year-over-year increase, driven by robust enterprise demand for AI infrastructure and cloud solutions. 'Productivity and Business Processes,' home to Microsoft 365, LinkedIn, and Dynamics, posted revenue of $29.9 billion, up 10% year-on-year, while 'More Personal Computing,' which includes Windows, Xbox, and Bing, brought in $13.4 billion, a 6% increase. Capital expenditures rose sharply to $16.7 billion, up 52% year over year, exceeding analyst expectations and highlighting Microsoft Corporation (NASDAQ:MSFT)'s aggressive investment in AI and cloud infrastructure. While the company has recently paused or canceled several data center leases, the surge in spending underscores its commitment to scaling capacity in high-demand areas, particularly around AI workloads. CEO Satya Nadella emphasized that AI and cloud technologies are becoming fundamental to business efficiency and innovation across industries. However, market concerns linger over potential oversupply in AI computing resources, particularly given Microsoft Corporation (NASDAQ:MSFT)'s $14 billion investment in OpenAI and the rapidly evolving landscape of generative AI. Despite these uncertainties, Microsoft Corporation (NASDAQ:MSFT)'s diversified revenue streams, dominant position in enterprise software, and ongoing AI leadership position it well for continued long-term growth. The company's ability to consistently outperform expectations reinforces its standing as a core holding in institutional portfolios. Overall, MSFT ranks 4th on our list of Billionaire Chris Hohn's stock picks with huge upside potential. While we acknowledge the potential of these stock picks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
Yahoo
09-05-2025
- Business
- Yahoo
Moody's Corporation (MCO): Among Billionaire Chris Hohn's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Moody's Corporation (NYSE:MCO) stands against Billionaire Chris Hohn's other stock picks with huge upside potential. The Children's Investment Fund Management, also known as TCI Fund Management, is a British hedge fund firm headquartered in London and founded in 2003 by Sir Christopher Anthony Hohn. Hohn, a British billionaire and Harvard MBA graduate (Baker Scholar), also serves as the fund's portfolio manager. TCI is distinguished by its value-oriented, fundamental investment philosophy and its focus on long-term, high-conviction positions in globally competitive businesses. The fund employs a private equity-style approach to public market investing, relying on deep fundamental research, constructive engagement with company management, and a willingness to use shareholder activism when necessary to drive performance. Known for its concentrated portfolio structure, the TCI Master Fund maximizes alpha by targeting high-quality companies with sustainable competitive advantages and predictable free cash flow. TCI's investment strategy includes opportunistic ventures into corporate transformations and special situations. In line with its activist reputation, the firm is prepared to exert influence on company direction and governance when it deems necessary to unlock shareholder value. This assertive approach has helped cement TCI's reputation as one of the most successful and influential hedge funds in the world. A significant aspect of TCI's operations is its real estate lending business, which was launched in 2014 under the TCI Real Estate Partners Lending Funds. These funds invest alongside The Children's Investment Fund Foundation (CIFF), the philanthropic arm initially supported by the fund's profits. The lending strategy centers on first mortgage and senior secured lending for high-quality assets, with a particular focus on prime locations in major North American and European cities. This real estate arm reflects TCI's broader investment philosophy, seeking security, quality, and long-term value. As of Q4 2024, TCI managed $42.4 billion in securities across just nine core stock holdings, reflecting its highly concentrated and conviction-driven investment approach. The firm's blend of fundamental analysis, disciplined value investing, and strategic activism continues to position it as a powerful force in global capital markets. Through its unique alignment of investment and philanthropic missions, TCI also exemplifies how hedge funds can blend financial performance with broader societal impact. For this article, we searched through TCI Fund Management's Q4 2024 13F filings to identify billionaire Chris Hohn's stock picks with the highest upside potential. We compiled the equities with upside potential higher than 8% at the time of writing this article and analyzed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 363.5% since May 2014, beating its benchmark by 208 percentage points (). A businesswoman using a digital device to monitor a workflow orchestration process, illustrating the company's versatility in critical Corporation (NYSE:MCO) is a leading provider of credit ratings, research, and risk analysis through its subsidiaries Moody's Investors Service and Moody's Analytics. Founded in 1909 and headquartered in New York, Moody's plays a critical role in global financial markets by offering credit risk assessments on sovereign, corporate, and structured finance debt, while also supplying advanced analytics and modeling tools to financial institutions. In the first quarter of 2025, Moody's Corporation (NYSE:MCO) reported adjusted earnings of $3.83 per share, outperforming consensus estimates of $3.56. This marks a 14% increase compared to the same period last year, reflecting both resilient demand for credit assessments and solid operational execution. Revenue reached $1.92 billion, exceeding analyst expectations of $1.88 billion and rising 8% year over year, with both the Ratings and Analytics segments contributing to the growth. Despite a 9% year-over-year rise in total expenses to $1.08 billion, including $33 million tied to its ongoing Strategic and Operational Efficiency Restructuring Program, Moody's Corporation (NYSE:MCO) maintained robust profitability. Adjusted operating income climbed 10% to $994 million, and the operating margin improved to 51.7%, up from 50.7% in the prior year. Moody's Corporation (NYSE:MCO) ended the quarter with $2.2 billion in cash, down from $2.97 billion at year-end 2024, as it continued returning capital to shareholders, repurchasing 0.8 million shares at an average price of $481.77. The company maintained a solid liquidity position, supported by $6.8 billion in outstanding debt and an additional $1.25 billion available under its revolving credit facility. With an estimated upside potential of 9.17%, Moody's Corporation (NYSE:MCO) offers an appealing mix of defensive business characteristics, steady earnings growth, and disciplined capital allocation. Its dominant market position and consistent performance make it an attractive candidate for portfolios seeking quality exposure in financial services with room for continued appreciation. L1 Capital International Fund made the following comment about Moody's Corporation (NYSE:MCO) in its Q3 2023 : 'Portfolio adjustments during the September 2023 quarter were modest, diversified, but meaningful. In total around 10% of the Fund was divested and reinvested into opportunities we consider provide a superior risk-adjusted base case return. Overall, MCO ranks 7th on our list of Billionaire Chris Hohn's stock picks with huge upside potential. While we acknowledge the potential of these stock picks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MCO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
