NEW YORK, April 03, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Apple Inc, Magnum Hunter Resources Corp, Chevron Corporation.
Magnum Hunter Resources Corp (NYSE:MHR) shares gained 7.61% to $4.10. The company, on April 3, announced that it has entered into a definitive agreement to sell all of its ownership interests in the Company'sEagle Ford Shale oil and gas properties in Gonzales and Lavaca Counties of South Texas to a wholly-owned subsidiary of Penn Virginia Corporation (NYSE: PVA) ("Penn Virginia") for a total purchase price of $401 million.The effective date of the sale will be January 1, 2013.
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Additionally, the company on Mar. 1, announced that it has declared a monthly cash dividend on the Company's 10.25% Series C Cumulative Perpetual Preferred Stock ("Series C Preferred Stock"), a monthly cash dividend on the Company's 8.0% Series D Cumulative Preferred Stock ("Series D Preferred Stock") and a monthly cash dividend on the Company's 8.0% Series E Cumulative Convertible Preferred Stock ("Series E Preferred Stock").
Chevron Corporation(NYSE:CVX) shares decreased 0.29% to $118.66. The company, on April 2, docked compensation for its chief executive and two other top officials over accidents last year, trimming bonuses andother incentive pay while increasing their salaries. The oil company reduced the bonus for Chief Executive John S. Watson by 13%, or $520,000, to $3.5 million. Mr. Watson's salary rose by $100,000, to $1.8 million.
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Moreover, the company said on Mar. 26 it has cleaned up less of the diesel that leaked from its pipeline near a freshwater lake in Utah than it had originally thought, the company said Tuesday. Chevron is dealing withthe fallout of the March 18 leak, which resulted in 600 barrels of diesel from its refinery in Salt Lake City spilling into marshes close to a freshwater lake in Willard Bay State Park, Utah.
Additionally, the company will hold its quarterly earnings conference call on Friday, April 26, 2013, at 11:00 a.m. ET (8:00 a.m. PT).
Apple Inc.(NASDAQ:AAPL) shares gained 1.44% to $436.09. The company’s iPhone unit estimates for the quarters ending March and June were lowered by FBN Securities analyst Shebly Seyrafi, who retained his"Outperform" rating and price target of $650 on the stock on Mar. 27. However, the analyst sees AAPL addressing the low-end iPhone concern in second half and the lack of a 5" or higher iPhone concern in calendar 2014.
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Additionally, the European Union on Mar. 22 said it is looking into potential antitrust violations involving the distribution of Apple Inc's iPhones and iPads, after receiving what sources said were informal complaints from telecoms operators.
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