Loews Corporation (L) is widely known as a full range insurance company. However, it is also deeply involved in the oil and gas industry. Loews owns and operates forty six offshore drilling rigs searching for and producing oil and natural gas. The company also markets, transports and stores oil and gas. It sells to producers, marketers, local distributors, electric power distributors,industrial users and also owns and runs interstate and intrastate pipelines.
Loews’ stock has been edging up since the beginning of October, 2011, rising from $34 to $38. It also issued a $.063 quarterly dividend in November. The stock is undervalued and is currently selling at $38 in contrast to the S&P target price of $47. In addition, Loews has a balance sheet rated A+ and it is selling at 79% of book value.
Loews’ profitability is good with an operating margin of 22.52% and a profit margin of 8.79%. The company’s management effectiveness ratios show a return on equity of 8.31% and a return on assets of 2.64%.
Some managers to watch at Loews Corporation are: Audrey A. Rampinelli, Alan Momeyer, Andrew H. Tisch, David B. Edelson, Jonathan M. Tisch, and Robert F. Crook.
Disclaimer: The information provided here is only preliminary information. It is insufficient to base investment decisions on. All investments should be based only on a thorough investigation of the potential investment.
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