Patten Group Lowered Its Stake in Lowe’s Companies (LOW) by $8.94 Million as Market Value Declined; Southeastern Asset Management Has Trimmed Its Stake in Chesapeake Energy (CHK) by $29.47 Million as Stock Declined

April 19, 2018 - By Adrian Mccoy

Lowe's Companies, Inc. (NYSE:LOW) Logo

Mason Hawkins decreased its stake in Chesapeake Energy Corporation (CHK) by 22.89% based on its latest 2017Q4 regulatory filing with the SEC. Southeastern Asset Management Inc sold 9.82 million shares as the company’s stock declined 23.38% with the market. The hedge fund run by Mason Hawkins held 33.09 million shares of the oil & gas production company at the end of 2017Q4, valued at $131.04 million, down from 42.91M at the end of the previous reported quarter. Southeastern Asset Management Inc who had been investing in Chesapeake Energy Corporation for a number of months, seems to be less bullish one the $2.81B market cap company. The stock increased 2.96% or $0.09 during the last trading session, reaching $3.13. About 49.68 million shares traded or 31.83% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has declined 42.83% since April 19, 2017 and is downtrending. It has underperformed by 54.38% the S&P500.

Patten Group Inc decreased its stake in Lowe’s Companies Inc (LOW) by 92.64% based on its latest 2017Q4 regulatory filing with the SEC. Patten Group Inc sold 97,182 shares as the company’s stock declined 5.74% with the market. The institutional investor held 7,718 shares of the consumer services company at the end of 2017Q4, valued at $717,000, down from 104,900 at the end of the previous reported quarter. Patten Group Inc who had been investing in Lowe’s Companies Inc for a number of months, seems to be less bullish one the $71.35B market cap company. The stock increased 0.29% or $0.25 during the last trading session, reaching $86.41. About 5.12 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since April 19, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Among 33 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 8 have Buy rating, 11 Sell and 14 Hold. Therefore 24% are positive. Chesapeake Energy Corporation had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Buy” rating by Vetr on Monday, September 21. On Thursday, August 18 the stock rating was maintained by Deutsche Bank with “Hold”. Mizuho initiated the stock with “Neutral” rating in Tuesday, December 20 report. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Hold” rating given on Thursday, November 10 by Jefferies. Deutsche Bank maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, October 14. Deutsche Bank has “Hold” rating and $10 target. RBC Capital Markets maintained it with “Sector Perform” rating and $4 target in Thursday, February 25 report. The rating was maintained by Deutsche Bank on Tuesday, June 14 with “Hold”. The firm earned “Buy” rating on Monday, July 27 by SunTrust. On Tuesday, January 9 the stock rating was maintained by Piper Jaffray with “Hold”. As per Friday, February 24, the company rating was upgraded by UBS.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.21, from 1.25 in 2017Q3. It worsened, as 44 investors sold CHK shares while 110 reduced holdings. 50 funds opened positions while 110 raised stakes. 548.86 million shares or 4.62% less from 575.42 million shares in 2017Q3 were reported. Aqr Mngmt stated it has 0.02% in Chesapeake Energy Corporation (NYSE:CHK). Stuyvesant Cap Management reported 2.14% in Chesapeake Energy Corporation (NYSE:CHK). Fmr Lc reported 4.80M shares. Huntington National Bank, Ohio-based fund reported 4,264 shares. Panagora Asset Mngmt Inc holds 173,691 shares. Gradient Lc holds 7,490 shares or 0% of its portfolio. Hanson Mcclain stated it has 0% in Chesapeake Energy Corporation (NYSE:CHK). Brown Advisory Incorporated has 55,094 shares for 0% of their portfolio. Cacti Asset Management Ltd Llc invested in 0% or 10,000 shares. Burney holds 0% or 10,744 shares. Regions Fin Corp holds 46,000 shares. 245,080 were reported by Greylin Invest Mangement. M&T Bancorporation owns 15,323 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems has 81,280 shares. Sol Capital Mngmt reported 84,905 shares or 0.1% of all its holdings.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on May, 3. They expect $0.27 EPS, up 17.39% or $0.04 from last year’s $0.23 per share. CHK’s profit will be $242.05 million for 2.90 P/E if the $0.27 EPS becomes a reality. After $0.30 actual EPS reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Patten Group Inc, which manages about $252.47 million US Long portfolio, upped its stake in Dxc Technology Co by 22,660 shares to 24,724 shares, valued at $2.35 million in 2017Q4, according to the filing. It also increased its holding in Wisdomtree International Hedged Quality Dividend Growth Etf (IHDG) by 12,323 shares in the quarter, for a total of 29,665 shares, and has risen its stake in Simmons First National Corp (NASDAQ:SFNC).

Among 35 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 22 have Buy rating, 0 Sell and 13 Hold. Therefore 63% are positive. Lowe’s Companies Inc. had 97 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Monday, September 25. RBC Capital Markets maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Friday, February 2. RBC Capital Markets has “Buy” rating and $113.0 target. UBS maintained Lowe's Companies, Inc. (NYSE:LOW) on Friday, January 19 with “Buy” rating. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, July 18. As per Tuesday, November 7, the company rating was maintained by RBC Capital Markets. On Thursday, November 23 the stock rating was maintained by UBS with “Buy”. RBC Capital Markets maintained Lowe's Companies, Inc. (NYSE:LOW) on Thursday, November 19 with “Outperform” rating. Jefferies maintained the stock with “Hold” rating in Thursday, July 20 report. Argus Research maintained Lowe's Companies, Inc. (NYSE:LOW) on Thursday, August 20 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, November 22 report.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.03, from 1.04 in 2017Q3. It fall, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. Jane Street Grp Inc Limited Liability Com invested in 71,198 shares or 0.02% of the stock. Mairs has 5,369 shares for 0.01% of their portfolio. Hbk Invests Lp accumulated 657,900 shares. Highland Cap Mngmt Ltd Llc reported 108,683 shares. Sfmg Limited Liability accumulated 2,731 shares. 5,692 are owned by Trustmark Natl Bank Trust Department. Moneta Gru Inv Advsr Limited Liability Company owns 40,391 shares. First Foundation Advsr invested in 0.04% or 8,058 shares. Welch Forbes Limited Liability Company holds 21,237 shares or 0.05% of its portfolio. Baker Avenue Asset Management Limited Partnership holds 0.16% or 18,320 shares in its portfolio. Metropolitan Life Insurance New York stated it has 0.2% in Lowe's Companies, Inc. (NYSE:LOW). 9,321 were reported by Lombard Odier Asset (Europe). Lourd Ltd has 0.02% invested in Lowe's Companies, Inc. (NYSE:LOW). Charter Trust, New Hampshire-based fund reported 29,432 shares. Eventide Asset Mngmt Limited Liability Co owns 565,000 shares for 2.74% of their portfolio.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on May, 23. They expect $1.29 earnings per share, up 25.24% or $0.26 from last year’s $1.03 per share. LOW’s profit will be $1.07B for 16.75 P/E if the $1.29 EPS becomes a reality. After $0.74 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 74.32% EPS growth.

Chesapeake Energy Corporation (NYSE:CHK) Institutional Positions Chart

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