Could Fluor Corporation (NYSE:FLR) Change Direction After Less Shorts?

Fluor Corporation (NYSE:FLR) Logo

Investors sentiment increased to 0.91 in 2018 Q2. Its up 0.04, from 0.87 in 2018Q1. It is positive, as 49 investors sold Fluor Corporation shares while 138 reduced holdings. 51 funds opened positions while 119 raised stakes. 115.19 million shares or 1.77% less from 117.26 million shares in 2018Q1 were reported.
Oregon Pub Employees Retirement Fund, Oregon-based fund reported 99,674 shares. 19,892 were accumulated by Highland Cap Management Llc. Bessemer Gp Incorporated holds 0% or 298 shares in its portfolio. 16,037 are held by Cubist Systematic Strategies Ltd Liability Com. Amp Cap Limited, Australia-based fund reported 34,094 shares. California State Teachers Retirement Sys stated it has 258,666 shares. 50,005 were reported by Citadel Ltd Co. Swiss Financial Bank holds 462,822 shares. Guggenheim Capital Limited Liability Co accumulated 89,620 shares. Salem Invest Counselors Inc has 67,975 shares. Federated Investors Pa owns 281,128 shares. Bourgeon Capital Mngmt Ltd Company holds 0.21% of its portfolio in Fluor Corporation (NYSE:FLR) for 8,000 shares. Strategy Asset Managers Limited Liability reported 1.07% in Fluor Corporation (NYSE:FLR). Sumitomo Mitsui Trust owns 435,122 shares. Goodnow Invest Gp Llc invested 0.11% of its portfolio in Fluor Corporation (NYSE:FLR).

Since November 6, 2018, it had 1 insider buy, and 0 insider sales for $250,264 activity.

The stock of Fluor Corporation (NYSE:FLR) registered a decrease of 11.51% in short interest. FLR’s total short interest was 4.71M shares in December as published by FINRA. Its down 11.51% from 5.32 million shares, reported previously. With 1.02M shares average volume, it will take short sellers 5 days to cover their FLR’s short positions. The short interest to Fluor Corporation’s float is 3.37%.

The stock decreased 2.17% or $0.81 during the last trading session, reaching $36.53. About 3.09 million shares traded or 65.75% up from the average. Fluor Corporation (NYSE:FLR) has risen 44.05% since December 8, 2017 and is uptrending. It has outperformed by 28.43% the S&P500.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company has market cap of $5.14 billion. It operates through four divisions: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Maintenance, Modification & Asset Integrity ; and Government. It has a 22.01 P/E ratio. The Energy, Chemicals & Mining segment offers a range of design, engineering, procurement, construction, fabrication, and project management services to upstream, downstream, chemical, petrochemical, offshore and onshore gas and oil production, liquefied natural gas, pipeline, and metals and mining markets.

Fluor Corporation (NYSE:FLR) Ratings Coverage

Among 6 analysts covering Fluor (NYSE:FLR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Fluor had 6 analyst reports since August 13, 2018 according to SRatingsIntel. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, August 17. UBS upgraded Fluor Corporation (NYSE:FLR) rating on Monday, August 13. UBS has “Buy” rating and $69 target. On Friday, November 2 the stock rating was maintained by Robert W. Baird with “Neutral”. The rating was maintained by Citigroup with “Buy” on Thursday, October 11. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, October 18 report. The stock of Fluor Corporation (NYSE:FLR) has “Hold” rating given on Tuesday, November 20 by Deutsche Bank.

More notable recent Fluor Corporation (NYSE:FLR) news were published by: Gurufocus.com which released: “This Engineering Consultancy Is Financially Solid but Slightly Overvalued – GuruFocus.com” on November 27, 2018, also Nasdaq.com with their article: “Fluor appointed to deliver ioneer’s Rhyolite Ridge Lithium-Boron Project – Nasdaq” published on November 20, 2018, Gurufocus.com published: “Dec 04, 2018 – Wall Street Sinks on Tuesday – GuruFocus.com” on December 04, 2018. More interesting news about Fluor Corporation (NYSE:FLR) were released by: Gurufocus.com and their article: “World Capital Markets Plunge Thursday – GuruFocus.com” published on December 06, 2018 as well as Seekingalpha.com‘s news article titled: “Fluor JV forms major intelligent plant design – Seeking Alpha” with publication date: November 13, 2018.

Fluor Corporation (NYSE:FLR) Institutional Positions Chart

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