Weatherly Asset Management L. P. Lowers stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Weatherly Asset Management L. P. reduced its stake in Fluor Corporation (NEW) by 1.38% during the most recent quarter end. The investment management company now holds a total of 17,841 shares of Fluor Corporation (NEW) which is valued at $968,409 after selling 250 shares in Fluor Corporation (NEW) , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Fluor Corporation (NEW) makes up approximately 0.33% of Weatherly Asset Management L. P.’s portfolio.

Fluor Corporation (NEW) opened for trading at $54.68 and hit $55.69 on the upside on Wednesday, eventually ending the session at $55.52, with a gain of 1.89% or 1.03 points. The heightened volatility saw the trading volume jump to 9,20,156 shares. Company has a market cap of $7,713 M.

Other Hedge Funds, Including , St Germain D J Co Inc reduced its stake in FLR by selling 735 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 268,555 shares of FLR which is valued at $14,577,165. Fluor Corporation (NEW) makes up approx 2.05% of St Germain D J Co Inc’s portfolio.Raymond James Trust N.a. reduced its stake in FLR by selling 1,840 shares or 23.13% in the most recent quarter. The Hedge Fund company now holds 6,116 shares of FLR which is valued at $331,976. Fluor Corporation (NEW) makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.Exencial Wealth Advisors boosted its stake in FLR in the latest quarter, The investment management firm added 1,001 additional shares and now holds a total of 57,717 shares of Fluor Corporation (NEW) which is valued at $3,132,879. Fluor Corporation (NEW) makes up approx 1.44% of Exencial Wealth Advisors’s portfolio.Highland Capital Management reduced its stake in FLR by selling 970 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 25,247 shares of FLR which is valued at $1,328,245. Fluor Corporation (NEW) makes up approx 0.11% of Highland Capital Management’s portfolio.Breton Hill Capital Ltd. reduced its stake in FLR by selling 3,448 shares or 16.73% in the most recent quarter. The Hedge Fund company now holds 17,161 shares of FLR which is valued at $902,840. Fluor Corporation (NEW) makes up approx 0.33% of Breton Hill Capital Ltd.’s portfolio.

On the company’s financial health, Fluor Corporation (NEW) reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $0.93. The company had revenue of $4370.70 million for the quarter, compared to analysts expectations of $4553.54 million. The company’s revenue was down -19.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Fluor Corporation (NEW). Shares were Downgraded by FBR Capital on Feb 19, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 46 from a previous price target of $57 .

Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering procurement construction fabrication and modularization commissioning and maintenance as well as project management services. It operates in five segments: Oil & Gas Industrial & Infrastructure Government Global Services and Power. Through its Oil & Gas segment Fluor serves the oil and gas production processing and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design engineering procurement construction operations and maintenance and project management services. The Government segment is a provider of engineering construction logistics and environmental and nuclear services among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment it provides a range of services to the gas-fueled and solid-fueled markets among others.

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