As Canadian Pacific Railway LTD (CP) Valuation Declined, Holder Scheer Rowlett & Associates Investment Management LTD Has Decreased Its Position; Conocophillips (COP) Holder Fishman Jay A LTD Has Cut Its Holding by $285.18 Million

June 19, 2018 - By Marguerite Chambers

ConocoPhillips (NYSE:COP) Logo

Scheer Rowlett & Associates Investment Management Ltd decreased its stake in Canadian Pacific Railway Ltd. (CP) by 8.82% based on its latest 2018Q1 regulatory filing with the SEC. Scheer Rowlett & Associates Investment Management Ltd sold 25,333 shares as the company’s stock declined 1.00% with the market. The institutional investor held 261,800 shares of the railroads company at the end of 2018Q1, valued at $46.14M, down from 287,133 at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Canadian Pacific Railway Ltd. for a number of months, seems to be less bullish one the $27.68B market cap company. The stock decreased 1.66% or $3.21 during the last trading session, reaching $190.23. About 353,619 shares traded. Canadian Pacific Railway Limited (NYSE:CP) has risen 16.90% since June 19, 2017 and is uptrending. It has outperformed by 4.33% the S&P500. Some Historical CP News: 16/05/2018 – CANADIAN PACIFIC RAILWAY LTD – VOTING WILL NOW BEGIN ON FRIDAY, MAY 18 AT 9 AM EASTERN AND CLOSE FRIDAY, MAY 25 AT NOON EASTERN; 06/04/2018 – Union: Canadian Pacific Strike Could Begin as Early as 12:01 a.m. April 21; 14/05/2018 – CANADIAN PACIFIC RAILWAY LTD – NET PROCEEDS FROM OFFERING WILL BE USED PRIMARILY FOR REDUCTION AND REFINANCING OF OUTSTANDING INDEBTEDNESS; 25/05/2018 – Canadian Pacific Railway: Unions Reject Canadian Pacific Railway’s Final Contract Offers; 18/04/2018 – Canadian Pacific Railway 1Q EPS C$2.41; 06/04/2018 – CANADIAN PACIFIC TEAMSTERS COULD STRIKE AS EARLY AS APRIL 21; 20/03/2018 – GE Helps Norfolk, Canadian Pacific Give New Life to Locomotives; 18/04/2018 – Teamsters Canada notifies Canadian Pacific of possible strike; 18/04/2018 – CANADIAN PACIFIC PRESENTING UNION WITH PACTS FOR CONSIDERATION; 26/05/2018 – Canadian Pacific Railway union serves strike notice

Fishman Jay A Ltd decreased its stake in Conocophillips (COP) by 10.9% based on its latest 2018Q1 regulatory filing with the SEC. Fishman Jay A Ltd sold 4,810 shares as the company’s stock rose 15.69% while stock markets declined. The institutional investor held 39,315 shares of the integrated oil company at the end of 2018Q1, valued at $2.33 billion, down from 44,125 at the end of the previous reported quarter. Fishman Jay A Ltd who had been investing in Conocophillips for a number of months, seems to be less bullish one the $77.66B market cap company. The stock decreased 0.35% or $0.23 during the last trading session, reaching $66.37. About 4.10M shares traded. ConocoPhillips (NYSE:COP) has risen 45.33% since June 19, 2017 and is uptrending. It has outperformed by 32.76% the S&P500. Some Historical COP News: 11/05/2018 – PDVSA HAS TRANSFERRED OWNERSHIP OF OIL INVENTORIES AT ISLA REFINERY TO AVOID POTENTIAL SEIZURES; 28/03/2018 – CONOCOPHILLIPS REPORTS EARLY RESULTS OF CASH TENDER OFFER; 16/05/2018 – For Big Oil, reserve size matters less than ever; 16/04/2018 – ConocoPhillips: 3 Willow Appraisal Wells Support Estimate of Recoverable Resource Potential of at Least 300M Barrels of Oil; 11/05/2018 – PDVSA retrenches in Caribbean as Conoco seizures weigh on operations; 26/04/2018 – Venezuela hails $2 bln award as “tough lesson” for Conoco; 26/04/2018 – ConocoPhillips 1Q Adj EPS 96c; 17/04/2018 – Malaysia’s Kimanis crude supplies to drop in June -traders; 14/05/2018 – National Post: ConocoPhillips moves to sell North Sea oilfields to focus on U.S. shale; 08/05/2018 – CONOCO HAS NOT YET SEIZED ANY ASSETS IN CURACAO AS A RESULT OF DISPUTE WITH PDVSA – PRIME MINISTER

Among 28 analysts covering Canadian Pacific (NYSE:CP), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Canadian Pacific had 75 analyst reports since September 30, 2015 according to SRatingsIntel. The stock of Canadian Pacific Railway Limited (NYSE:CP) has “Outperform” rating given on Friday, January 22 by RBC Capital Markets. The rating was downgraded by Canaccord Genuity to “Hold” on Tuesday, October 13. On Wednesday, October 21 the stock rating was maintained by Cowen & Co with “Outperform”. RBC Capital Markets maintained Canadian Pacific Railway Limited (NYSE:CP) on Tuesday, January 17 with “Outperform” rating. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, November 18 report. The firm has “Buy” rating given on Monday, September 18 by Stifel Nicolaus. Cowen & Co maintained Canadian Pacific Railway Limited (NYSE:CP) on Wednesday, February 28 with “Buy” rating. The stock of Canadian Pacific Railway Limited (NYSE:CP) earned “Buy” rating by Stifel Nicolaus on Friday, December 16. The stock of Canadian Pacific Railway Limited (NYSE:CP) earned “Buy” rating by Credit Suisse on Thursday, March 8. On Tuesday, March 15 the stock rating was initiated by Stephens with “Equal-Weight”.

More important recent Canadian Pacific Railway Limited (NYSE:CP) news were published by: Seekingalpha.com which released: “Canada’s big two railroads to overhaul grain hopper fleets” on June 07, 2018, also Seekingalpha.com published article titled: “CP Rail unions overwhelmingly reject contract offers”, Seekingalpha.com published: “Union strike notice from Canadian Pacific” on May 28, 2018. More interesting news about Canadian Pacific Railway Limited (NYSE:CP) was released by: Fool.ca and their article: “3 Under-the-Radar Dividend Stocks for Your RRSP” with publication date: June 19, 2018.

Analysts await Canadian Pacific Railway Limited (NYSE:CP) to report earnings on July, 18. They expect $2.47 earnings per share, up 19.90% or $0.41 from last year’s $2.06 per share. CP’s profit will be $359.43 million for 19.25 P/E if the $2.47 EPS becomes a reality. After $2.13 actual earnings per share reported by Canadian Pacific Railway Limited for the previous quarter, Wall Street now forecasts 15.96% EPS growth.

Scheer Rowlett & Associates Investment Management Ltd, which manages about $1.57 billion US Long portfolio, upped its stake in Transalta Corp. (NYSE:TAC) by 807,167 shares to 4.75M shares, valued at $25.74M in 2018Q1, according to the filing. It also increased its holding in Canadian National Railway (NYSE:CNI) by 66,530 shares in the quarter, for a total of 1.20 million shares, and has risen its stake in Telus Corp. (NYSE:TU).

Since March 29, 2018, it had 0 insider purchases, and 8 selling transactions for $20.96 million activity. Freeman Jody had sold 3,716 shares worth $243,586. Shares for $3.92 million were sold by KELLY JANET LANGFORD on Thursday, May 3. LUNDQUIST ANDREW D had sold 25,000 shares worth $1.47 million on Thursday, March 29.

Among 28 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 10 Hold. Therefore 61% are positive. ConocoPhillips had 104 analyst reports since August 4, 2015 according to SRatingsIntel. The company was upgraded on Friday, July 28 by Bank of America. The rating was downgraded by Bank of America on Thursday, May 11 to “Neutral”. On Monday, December 11 the stock rating was initiated by Credit Suisse with “Hold”. Jefferies upgraded the stock to “Hold” rating in Wednesday, September 7 report. The rating was maintained by Cowen & Co on Friday, March 31 with “Outperform”. The company was maintained on Sunday, April 22 by Piper Jaffray. The rating was maintained by Jefferies with “Buy” on Friday, October 6. The company was upgraded on Thursday, March 30 by UBS. The rating was maintained by Barclays Capital on Friday, February 2 with “Overweight”. The stock of ConocoPhillips (NYSE:COP) earned “Neutral” rating by Goldman Sachs on Thursday, June 22.

Investors sentiment decreased to 0.67 in 2018 Q1. Its down 0.05, from 0.72 in 2017Q4. It is negative, as 51 investors sold COP shares while 555 reduced holdings. 101 funds opened positions while 302 raised stakes. 805.59 million shares or 0.00% less from 805.62 million shares in 2017Q4 were reported. Transamerica Inc has invested 0.01% in ConocoPhillips (NYSE:COP). Amundi Pioneer Asset Mngmt Inc has 0.07% invested in ConocoPhillips (NYSE:COP). Wade G W And invested in 0.05% or 6,902 shares. Amer Century Cos holds 1.05M shares or 0.06% of its portfolio. Sit Invest Associates Inc invested in 132 shares. Pittenger And Anderson Incorporated reported 0.02% in ConocoPhillips (NYSE:COP). Matarin Capital Mgmt Llc has invested 0% in ConocoPhillips (NYSE:COP). Haverford Tru, a Pennsylvania-based fund reported 44,147 shares. Investors Asset Mngmt Of Georgia Ga Adv accumulated 14,916 shares. Cwm Ltd Co has invested 0% of its portfolio in ConocoPhillips (NYSE:COP). Meeder Asset accumulated 95,311 shares. Marco Invest Management accumulated 76,104 shares. Pinnacle holds 37,923 shares. Fisher Asset Mgmt Ltd Liability reported 0% stake. Ar Asset has invested 0.46% in ConocoPhillips (NYSE:COP).

More recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “Stocks To Watch: Don’t Sleep On Vienna” on June 16, 2018. Also Benzinga.com published the news titled: “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)” on June 19, 2018. Fool.com‘s news article titled: “ConocoPhillips and Chevron Stock Win Analysts’ Favor: What You Need to Know” with publication date: June 11, 2018 was also an interesting one.

Fishman Jay A Ltd, which manages about $498.38M and $529.05 billion US Long portfolio, upped its stake in Bank Of America Corp (NYSE:BAC) by 96,925 shares to 232,446 shares, valued at $6.97B in 2018Q1, according to the filing. It also increased its holding in Textron Inc (NYSE:TXT) by 700 shares in the quarter, for a total of 38,977 shares, and has risen its stake in Vanguard Small (VB).

Analysts await ConocoPhillips (NYSE:COP) to report earnings on July, 26. They expect $0.92 EPS, up 557.14% or $0.78 from last year’s $0.14 per share. COP’s profit will be $1.08 billion for 18.04 P/E if the $0.92 EPS becomes a reality. After $0.96 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

ConocoPhillips (NYSE:COP) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>