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Activist Dan Loeb’s Third Point Took New Range, Comstock Resources Stakes

Activist investor Dan Loeb’s Third Point funds has disclosed new stakes in Range Resources and Comstock Resources.

By 247patrick
Published November 15, 2022, 8:21pm ET · 1 min read

Six metallic silver cubes, resembling dice, are scattered across a blue background showing financial charts and numerical data. The visible faces of the cubes display the words 'BUY' or 'SELL' in black letters, while candlestick charts and grid lines create a market analysis aesthetic.
Metallic dice displaying 'BUY' and 'SELL' illustrate the critical choices investors face in the market, echoing the 'dividend dice roll' concept discussed in the article. © Bet_Noire / iStock via Getty Images

Activist investor Dan Loeb’s Third Point funds filed a 13F report disclosing a new 3.9 million share Range Resources (US:RRC) stake and a three million share slug of Comstock Resources (US:CRK).

The firm liquidated its Cenovus Energy (US:CVE) stake in the third quarter and almost halved its EQT (US:EQT) stake to 3.25 million from 7.525 million shares.

Third Point lowered its Antero Resources (US:AR) holdings to 100,000 shares from 3.39 million.

This article originally appeared on Fintel

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