As Parsley Energy (PE) Market Valuation Declined, Caymus Capital Partners LP Has Increased by $15.36 Million Its Holding; Patten & Patten Boosted Its Conocophillips (COP) Holding by $1.37 Million

January 3, 2018 - By Darrin Black

Patten & Patten Inc increased its stake in Conocophillips (COP) by 46.16% based on its latest 2017Q3 regulatory filing with the SEC. Patten & Patten Inc bought 27,385 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 86,707 shares of the integrated oil company at the end of 2017Q3, valued at $4.34M, up from 59,322 at the end of the previous reported quarter. Patten & Patten Inc who had been investing in Conocophillips for a number of months, seems to be bullish on the $67.30 billion market cap company. The stock increased 1.76% or $0.975 during the last trading session, reaching $56.295. About 2.98 million shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since January 3, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Caymus Capital Partners Lp increased its stake in Parsley Energy Inc (PE) by 25.5% based on its latest 2017Q3 regulatory filing with the SEC. Caymus Capital Partners Lp bought 590,750 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund held 2.91 million shares of the energy company at the end of 2017Q3, valued at $76.59M, up from 2.32 million at the end of the previous reported quarter. Caymus Capital Partners Lp who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $9.69B market cap company. The stock increased 1.13% or $0.35 during the last trading session, reaching $30.82. About 3.49 million shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since January 3, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 32 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 111 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by UBS on Thursday, August 4. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Market Perform” rating by Cowen & Co on Tuesday, September 8. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Overweight” rating by Barclays Capital on Wednesday, October 11. JP Morgan maintained it with “Overweight” rating and $44 target in Tuesday, September 26 report. The company was upgraded on Friday, August 14 by Howard Weil. The stock of Parsley Energy, Inc. (NYSE:PE) has “Outperform” rating given on Friday, November 6 by Northland Capital. The company was downgraded on Monday, July 17 by Seaport Global. The stock of Parsley Energy, Inc. (NYSE:PE) has “Outperform” rating given on Friday, August 5 by Imperial Capital. As per Wednesday, March 2, the company rating was maintained by Credit Suisse. Oppenheimer maintained the shares of PE in report on Wednesday, August 12 with “Outperform” rating.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.27, from 1.4 in 2017Q2. It is negative, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Ascend Cap Limited Company reported 0.96% stake. Deprince Race Zollo holds 0.01% or 14,500 shares in its portfolio. Guggenheim Cap Limited Liability Corp holds 312,864 shares or 0.02% of its portfolio. J Goldman And Limited Partnership holds 218,200 shares or 0.29% of its portfolio. Viking Fund Management Limited accumulated 780,000 shares. State Of Wisconsin Invest Board has invested 0.05% in Parsley Energy, Inc. (NYSE:PE). Cubist Systematic Strategies Limited Liability has 0.03% invested in Parsley Energy, Inc. (NYSE:PE). Avalon Advsr Lc, Texas-based fund reported 23,821 shares. First Advsrs Lp has 0% invested in Parsley Energy, Inc. (NYSE:PE). Third Point Limited Com stated it has 5.35 million shares or 1.18% of all its holdings. Credit Agricole S A reported 27,915 shares or 0% of all its holdings. Omega Advisors Incorporated reported 0.29% stake. 7,928 were accumulated by Teacher Retirement Systems Of Texas. Luminus Ltd Liability has invested 0.29% in Parsley Energy, Inc. (NYSE:PE). Lombard Odier Asset Mngmt (Europe) reported 24,216 shares.

Caymus Capital Partners Lp, which manages about $377.99M and $794.30M US Long portfolio, decreased its stake in Qep Res Inc (NYSE:QEP) by 1.77 million shares to 6.17 million shares, valued at $52.84M in 2017Q3, according to the filing. It also reduced its holding in Rice Energy Inc (NYSE:RICE) by 216,950 shares in the quarter, leaving it with 977,450 shares, and cut its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO).

Patten & Patten Inc, which manages about $1.33B and $949.05M US Long portfolio, decreased its stake in Utilities Select Sector Spdr F (XLU) by 14,683 shares to 55,876 shares, valued at $2.96 million in 2017Q3, according to the filing. It also reduced its holding in Ingevity Corporation by 9,260 shares in the quarter, leaving it with 305,362 shares, and cut its stake in Energy Select Sector Spdr (XLE).

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 83 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, February 5, the company rating was maintained by UBS. The company was maintained on Friday, July 14 by RBC Capital Markets. Argus Research maintained ConocoPhillips (NYSE:COP) on Wednesday, December 9 with “Buy” rating. The stock of ConocoPhillips (NYSE:COP) earned “Neutral” rating by Guggenheim on Wednesday, April 19. The stock has “Market Perform” rating by Bernstein on Thursday, July 6. Wolfe Research downgraded ConocoPhillips (NYSE:COP) on Thursday, February 11 to “Peer Perform” rating. The firm has “Buy” rating by Vetr given on Monday, August 24. Societe Generale upgraded the shares of COP in report on Wednesday, January 11 to “Buy” rating. The company was upgraded on Monday, November 7 by Edward Jones. The firm earned “Buy” rating on Monday, November 28 by Goldman Sachs.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.08, from 0.71 in 2017Q2. It fall, as 62 investors sold COP shares while 536 reduced holdings. 91 funds opened positions while 283 raised stakes. 814.86 million shares or 0.93% less from 822.50 million shares in 2017Q2 were reported. Qci Asset Mgmt New York accumulated 4,068 shares. State Of New Jersey Common Pension Fund D holds 2.34M shares. Hartford Fincl holds 13,535 shares or 0.34% of its portfolio. 319,315 were reported by Sir Cap Management Limited Partnership. Moors & Cabot owns 51,649 shares. Karpas Strategies Limited Liability Corp, New York-based fund reported 24,487 shares. Quebec – Canada-based Fiera has invested 0% in ConocoPhillips (NYSE:COP). Wellington Grp Llp accumulated 17.83 million shares or 0.2% of the stock. Strategic Glob Ltd accumulated 6,666 shares. Moreover, Synovus Corp has 0.04% invested in ConocoPhillips (NYSE:COP) for 45,617 shares. Salem Capital holds 4,000 shares. Commonwealth Natl Bank Of Australia owns 0.18% invested in ConocoPhillips (NYSE:COP) for 369,683 shares. 9.75M are owned by Goldman Sachs Gru. Rodgers Brothers Incorporated holds 0.35% or 20,070 shares. Investment Centers Of America holds 25,238 shares.

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