Sirios Capital Management LP Stake in Conocophillips (COP) Has Trimmed by $8.11 Million as Stock Declined; Scotia Capital Lowered Bristol Myers Squibb Co (BMY) Position by $1.78 Million; Share Value Declined

February 24, 2018 - By Linda Rogers

John Brennan decreased its stake in Conocophillips (COP) by 53.02% based on its latest 2017Q3 regulatory filing with the SEC. Sirios Capital Management LP sold 162,152 shares as the company’s stock declined 0.06% while stock markets rallied. The hedge fund run by John Brennan held 143,691 shares of the integrated oil company at the end of 2017Q3, valued at $7.19 million, down from 305,843 at the end of the previous reported quarter. Sirios Capital Management LP who had been investing in Conocophillips for a number of months, seems to be less bullish one the $67.01 billion market cap company. The stock increased 3.90% or $2.14 during the last trading session, reaching $57.05. About 6.51M shares traded or 9.31% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since February 24, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Scotia Capital Inc decreased its stake in Bristol Myers Squibb Co (BMY) by 17.51% based on its latest 2017Q3 regulatory filing with the SEC. Scotia Capital Inc sold 28,175 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 132,744 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $8.46 million, down from 160,919 at the end of the previous reported quarter. Scotia Capital Inc who had been investing in Bristol Myers Squibb Co for a number of months, seems to be less bullish one the $110.93 billion market cap company. The stock increased 3.05% or $2.01 during the last trading session, reaching $67.95. About 5.24M shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since February 24, 2017 and is downtrending. It has underperformed by 39.89% the S&P500.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on May, 1. They expect $0.69 EPS, up 3,550.00% or $0.71 from last year’s $-0.02 per share. COP’s profit will be $810.46M for 20.67 P/E if the $0.69 EPS becomes a reality. After $0.45 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 53.33% EPS growth.

Sirios Capital Management L P, which manages about $2.06B and $1.91B US Long portfolio, upped its stake in Mcdonalds Corp (NYSE:MCD) by 8,451 shares to 163,023 shares, valued at $25.54 million in 2017Q3, according to the filing. It also increased its holding in Nuance Communications Inc (NASDAQ:NUAN) by 1.18 million shares in the quarter, for a total of 5.02M shares, and has risen its stake in Boston Scientific Corp (NYSE:BSX).

Investors sentiment decreased to 0.63 in 2017 Q3. 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. Anchor Advsr has 0.02% invested in ConocoPhillips (NYSE:COP). Cipher Cap Limited Partnership stated it has 78,880 shares. Smithfield Tru Co accumulated 8,891 shares or 0.06% of the stock. Gru Inc One Trading LP reported 8,472 shares. Schroder Inv Management has 795,599 shares for 0.07% of their portfolio. Mairs And, Minnesota-based fund reported 180,564 shares. Boothbay Fund Management stated it has 0.04% in ConocoPhillips (NYSE:COP). Btr Cap owns 8,124 shares or 0.08% of their US portfolio. Moreover, State Of New Jersey Common Pension Fund D has 0.47% invested in ConocoPhillips (NYSE:COP) for 2.34M shares. 39,274 were reported by Artemis Invest Mgmt Ltd Liability Partnership. Commerzbank Aktiengesellschaft Fi stated it has 0.28% of its portfolio in ConocoPhillips (NYSE:COP). M Kraus & reported 55,173 shares or 1.73% of all its holdings. Asset Management stated it has 21,504 shares or 0.18% of all its holdings. Brookmont holds 2.16% of its portfolio in ConocoPhillips (NYSE:COP) for 78,923 shares. Bokf Na holds 0.1% of its portfolio in ConocoPhillips (NYSE:COP) for 68,428 shares.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, October 6 by Jefferies. Deutsche Bank maintained the shares of COP in report on Tuesday, March 29 with “Buy” rating. As per Friday, January 19, the company rating was maintained by Jefferies. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 31. The stock of ConocoPhillips (NYSE:COP) has “Buy” rating given on Thursday, November 9 by Piper Jaffray. Vetr upgraded ConocoPhillips (NYSE:COP) on Monday, August 24 to “Buy” rating. Cowen & Co maintained the stock with “Outperform” rating in Friday, March 31 report. The rating was maintained by Cowen & Co with “Buy” on Sunday, August 20. Credit Suisse initiated ConocoPhillips (NYSE:COP) on Monday, December 11 with “Hold” rating. Piper Jaffray maintained ConocoPhillips (NYSE:COP) rating on Thursday, August 24. Piper Jaffray has “Buy” rating and $45.0 target.

Scotia Capital Inc, which manages about $7.02 billion US Long portfolio, upped its stake in Ruths Hospitality Group Inc (NASDAQ:RUTH) by 19,211 shares to 75,635 shares, valued at $1.58 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (AGG) by 23,639 shares in the quarter, for a total of 45,472 shares, and has risen its stake in American Intl Group Inc (NYSE:AIG).

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.08, from 0.95 in 2017Q2. It increased, as 62 investors sold BMY shares while 519 reduced holdings. 137 funds opened positions while 460 raised stakes. 1.11 billion shares or 0.68% more from 1.10 billion shares in 2017Q2 were reported. Susquehanna International Group Inc Ltd Liability Partnership holds 0.02% or 693,990 shares. Texan Capital Mgmt holds 0.21% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 4,900 shares. Massachusetts-based Massachusetts Fincl Services Co Ma has invested 0.14% in Bristol-Myers Squibb Company (NYSE:BMY). Gabelli Funds Limited Com stated it has 0.3% in Bristol-Myers Squibb Company (NYSE:BMY). Riverhead Cap Management Limited Liability Corp owns 14,750 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management reported 35,800 shares stake. Moore Capital Lp owns 142,025 shares or 0.18% of their US portfolio. Pekin Singer Strauss Asset Management Il reported 37,246 shares or 0.45% of all its holdings. British Columbia stated it has 0.47% in Bristol-Myers Squibb Company (NYSE:BMY). Carl Domino Inc, a Florida-based fund reported 15,055 shares. Cornerstone Advsr accumulated 56,000 shares. Evercore Wealth Ltd Liability Corp holds 121,180 shares. Moreover, Moors Cabot has 0.74% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 80,309 shares. Strs Ohio accumulated 1.53M shares or 0.42% of the stock. Alpha Windward Ltd Liability Corp reported 5,064 shares.

Analysts await Bristol-Myers Squibb Company (NYSE:BMY) to report earnings on April, 26. They expect $0.87 EPS, up 3.57% or $0.03 from last year’s $0.84 per share. BMY’s profit will be $1.42 billion for 19.53 P/E if the $0.87 EPS becomes a reality. After $0.68 actual EPS reported by Bristol-Myers Squibb Company for the previous quarter, Wall Street now forecasts 27.94% EPS growth.

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 7 have Buy rating, 3 Sell and 9 Hold. Therefore 37% are positive. Bristol-Myers Squibb Company had 73 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, October 23 the stock rating was maintained by Leerink Swann with “Outperform”. The rating was maintained by BMO Capital Markets on Tuesday, February 6 with “Underperform”. The firm has “Underperform” rating by BMO Capital Markets given on Friday, July 28. Cowen & Co maintained the shares of BMY in report on Monday, July 10 with “Hold” rating. As per Monday, August 24, the company rating was upgraded by Piper Jaffray. The company was initiated on Wednesday, April 6 by Societe Generale. UBS maintained Bristol-Myers Squibb Company (NYSE:BMY) on Friday, October 6 with “Buy” rating. The stock of Bristol-Myers Squibb Company (NYSE:BMY) earned “Hold” rating by Piper Jaffray on Thursday, October 26. The stock of Bristol-Myers Squibb Company (NYSE:BMY) earned “Equal-Weight” rating by Barclays Capital on Friday, October 13. On Friday, September 15 the stock rating was maintained by Jefferies with “Buy”.

Since September 6, 2017, it had 1 buying transaction, and 2 insider sales for $646,385 activity. Another trade for 9,340 shares valued at $560,400 was sold by Caldarella Joseph C. $335,172 worth of Bristol-Myers Squibb Company (NYSE:BMY) was sold by Lynch Thomas J. Jr..

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