Could Fluor Corporation (NEW) Change Direction After Today’s Bullish Options Activity?

 Could Fluor Corporation (NEW) Change Direction After Today's Bullish Options Activity?

In today’s session Fluor Corporation (NEW) (FLR) registered an unusually high (459) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious FLR increase. With 459 contracts traded and 134 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: FLR161216C00045000 closed last at: $1.6 or 8.6% down. About 1.95 million shares traded hands or 18.90% up from the average. Fluor Corporation (NEW) (NYSE:FLR) has declined 12.66% since April 7, 2016 and is downtrending. It has underperformed by 17.44% the S&P500.

Fluor Corporation (NEW) (NYSE:FLR) Ratings Coverage

Out of 15 analysts covering Fluor Corporation (NYSE:FLR), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. $65 is the highest target while $44 is the lowest. The $53.62 average target is 12.53% above today’s ($47.65) stock price. Fluor Corporation has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, November 8 by Credit Suisse. FBR Capital maintained Fluor Corporation (NEW) (NYSE:FLR) on Friday, July 31 with “Outperform” rating. On Friday, February 19 the stock rating was downgraded by FBR Capital to “Market Perform”. S&P Research upgraded the shares of FLR in a report on Thursday, October 8 to “Buy” rating. UBS downgraded it to “Neutral” rating and $51 target price in Friday, July 31 report. Credit Suisse maintained the stock with “Outperform” rating in Friday, February 19 report. Cowen & Co maintained the shares of FLR in a report on Friday, July 31 with “Outperform” rating. William Blair maintained the shares of FLR in a report on Friday, August 21 with “Outperform” rating. As per Friday, February 19, the company rating was maintained by Macquarie Research. The firm has “Hold” rating given on Friday, November 4 by Johnson Rice.

According to Zacks Investment Research, “Fluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor serves a number of industries worldwide, including oil and gas, chemical and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. Fluor is also a primary service provider to the United States Federal Government. It performs operations and maintenance activities for major industrial clients, and also operates and maintains their equipment fleet. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. The company also offers unionized management and construction services in the United States and Canada. Fluor Corporation is headquartered in Irving, Texas.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.09, from 0.95 in 2016Q1. The ratio worsened, as 55 funds sold all Fluor Corporation (NEW) shares owned while 167 reduced positions. 41 funds bought stakes while 150 increased positions. They now own 114.24 million shares or 3.13% less from 117.92 million shares in 2016Q1.
Great West Life Assurance Com Can, a Manitoba – Canada-based fund reported 106,292 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0.05% in Fluor Corporation (NEW) (NYSE:FLR). Amica Mutual Insur Commerce accumulated 0.06% or 13,122 shares. Ingalls And Snyder Ltd Liability last reported 21,539 shares in the company. Brandywine Global Invest Mgmt Ltd Liability accumulated 655,954 shares or 0.22% of the stock. Moreover, Gulf Intl National Bank & Trust (Uk) has 0.04% invested in Fluor Corporation (NEW) (NYSE:FLR) for 45,914 shares. Cwm Ltd Liability Corporation reported 8 shares or 0% of all its holdings. Us Fincl Bank De, a Minnesota-based fund reported 90,951 shares. Moreover, Silvercrest Asset Group Limited Liability Corp has 0.02% invested in Fluor Corporation (NEW) (NYSE:FLR) for 33,478 shares. Pioneer Inv Mngmt accumulated 467,696 shares or 0.08% of the stock. Springbok Capital Management Llc has 383 shares for 0% of their US portfolio. Caisse De Depot Et Placement Du Quebec has 0.02% invested in the company for 120,800 shares. Jp Marvel Inv Advisors Limited Liability reported 19,655 shares or 0.34% of all its holdings. Bessemer Gru owns 1.53M shares or 0.41% of their US portfolio. Pinnacle Fincl Prtnrs owns 31,918 shares or 0.38% of their US portfolio.

Fluor Corporation is a holding company. The company has a market cap of $6.59 billion. The Firm is a professional services company. It has a 41.88 P/E ratio. The Firm provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services.

FLR Company Profile

Fluor Corporation (Fluor), incorporated on September 11, 2000, is a holding company. The Firm operates its business in five divisions: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. The Company, through its subsidiaries, provides professional services. The Firm is an integrated solutions well-known provider for various industries, including gas and oil, chemicals and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. The Firm is also a service well-known provider to the United States federal Government, and it performs activities and maintenance activities around the world for its industrial clients.

More news for Fluor Corporation (NEW) (NYSE:FLR) were recently published by: Fool.com, which released: “Why Fluor Corporation Stock Got Floored Today” on November 04, 2016. Businesswire.com‘s article titled: “The Construction Users Roundtable Recognizes Fluor for its Leadership in Craft …” and published on November 08, 2016 is yet another important article.

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