Ultra Petroleum Corp. (UPL) Reaches $2.01 After 6.00% Down Move; Barr E S & Co Cut Markel Com (MKL) Holding By $548,998

May 16, 2018 - By reb123z

Markel Corporation (NYSE:MKL) Logo

The stock of Ultra Petroleum Corp. (NASDAQ:UPL) is a huge mover today! The stock decreased 1.95% or $0.04 during the last trading session, reaching $2.01. About 3.03 million shares traded. Ultra Petroleum Corp. (NASDAQ:UPL) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.The move comes after 6 months negative chart setup for the $396.07 million company. It was reported on May, 16 by Barchart.com. We have $1.89 PT which if reached, will make NASDAQ:UPL worth $23.76 million less.

Barr E S & Co decreased Markel Corp Com (MKL) stake by 0.69% reported in 2017Q4 SEC filing. Barr E S & Co sold 482 shares as Markel Corp Com (MKL)’s stock rose 1.98%. The Barr E S & Co holds 69,237 shares with $78.87 million value, down from 69,719 last quarter. Markel Corp Com now has $15.75B valuation. The stock increased 0.64% or $7.21 during the last trading session, reaching $1133.89. About 10,642 shares traded. Markel Corporation (NYSE:MKL) has risen 20.36% since May 16, 2017 and is uptrending. It has outperformed by 8.81% the S&P500.

Ultra Petroleum Corp., an independent gas and oil company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. The company has market cap of $396.07 million. The Company’s principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming—the Pinedale and Jonah fields; its oil reserves in the Uinta Basin in northeast Utah; and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin. It has a 1.24 P/E ratio. As of December 31, 2016, the firm owned interests in approximately 105,000 gross acres in Wyoming; and 144,000 gross acres in Pennsylvania.

More news for Ultra Petroleum Corp. (NASDAQ:UPL) were recently published by: Nasdaq.com, which released: “Why Ultra Petroleum Corp’s Stock Is Plunging Again Today” on May 11, 2018. Globenewswire.com‘s article titled: “Reminder – Ultra Petroleum Corp. to Webcast First Quarter 2018 Results” and published on May 10, 2018 is yet another important article.

Analysts await Ultra Petroleum Corp. (NASDAQ:UPL) to report earnings on August, 8. They expect $0.23 earnings per share, down 17.86% or $0.05 from last year’s $0.28 per share. UPL’s profit will be $45.32 million for 2.18 P/E if the $0.23 EPS becomes a reality. After $0.28 actual earnings per share reported by Ultra Petroleum Corp. for the previous quarter, Wall Street now forecasts -17.86% negative EPS growth.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.09, from 1.17 in 2017Q3. It is negative, as 23 investors sold MKL shares while 123 reduced holdings. 43 funds opened positions while 114 raised stakes. 10.50 million shares or 0.60% more from 10.44 million shares in 2017Q3 were reported. Parkside Savings Bank Trust, Missouri-based fund reported 2 shares. Stratos Wealth Prtn accumulated 512 shares or 0.03% of the stock. Franklin Res, a California-based fund reported 17,335 shares. Commerzbank Aktiengesellschaft Fi stated it has 0.01% in Markel Corporation (NYSE:MKL). Schwab Charles Invest Management holds 28,340 shares. Bnp Paribas Arbitrage has invested 0.01% in Markel Corporation (NYSE:MKL). The New York-based Two Sigma Ltd Limited Liability Company has invested 0.01% in Markel Corporation (NYSE:MKL). Wilbanks Smith & Thomas Asset Mgmt Ltd Company invested in 0.02% or 234 shares. Palladium Ptnrs Ltd Co owns 2,063 shares or 0.17% of their US portfolio. Oppenheimer Asset Mngmt holds 0.04% in Markel Corporation (NYSE:MKL) or 1,397 shares. Parsons Capital Ri invested in 254 shares or 0.03% of the stock. City Holdings Llc holds 0.02% or 56 shares. Smithfield Tru reported 650 shares. Foundation Asset Management Lp reported 2.06% of its portfolio in Markel Corporation (NYSE:MKL). Assetmark has invested 0% in Markel Corporation (NYSE:MKL).

Among 5 analysts covering Markel Corporation (NYSE:MKL), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Markel Corporation had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Monday, October 2. The firm has “” rating given on Friday, August 7 by RBC Capital Markets. The company was maintained on Wednesday, July 26 by Boenning & Scattergood. RBC Capital Markets maintained the stock with “Hold” rating in Monday, August 28 report. SunTrust maintained the stock with “Hold” rating in Wednesday, February 7 report. The company was maintained on Monday, July 10 by RBC Capital Markets. SunTrust maintained the shares of MKL in report on Thursday, August 4 with “Neutral” rating. On Monday, March 19 the stock rating was upgraded by William Blair to “Buy”. RBC Capital Markets maintained it with “Hold” rating and $105000 target in Thursday, July 27 report. As per Thursday, April 14, the company rating was upgraded by William Blair.

Since January 4, 2018, it had 1 buying transaction, and 14 sales for $2.73 million activity. $250,853 worth of Markel Corporation (NYSE:MKL) was bought by Schewel Michael Jay. 200 shares were sold by MARKEL STEVEN A, worth $223,155 on Thursday, January 4. $219,768 worth of Markel Corporation (NYSE:MKL) was sold by Whitt Richard R III. KIRSHNER ALAN I had sold 100 shares worth $114,902. MARKEL ANTHONY F had sold 48 shares worth $53,770.

More notable recent Markel Corporation (NYSE:MKL) news were published by: Seekingalpha.com which released: “Markel Q1: Market May Be Underestimating” on May 08, 2018, also Seekingalpha.com with their article: “Markel (MKL) Q1 2018 Results – Earnings Call Transcript” published on April 25, 2018, Fool.com published: “3 Stocks That Could Double Your Money” on May 15, 2018. More interesting news about Markel Corporation (NYSE:MKL) were released by: Prnewswire.com and their article: “Boost Insurance Secures Dedicated Reinsurance Capacity Built To Power Insurtech Startups” published on May 10, 2018 as well as Valuewalk.com‘s news article titled: “A Look At Chuck Akre’s Search for Compounding Machines” with publication date: April 19, 2018.

Markel Corporation (NYSE:MKL) Institutional Positions Chart

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