Credit Capital Investments Has Lifted Holding in Cenovus Energy (CVE) by $550,000 as Shares Declined; Carl Domino Has Upped Its Bank Amer (BAC) Position by $1.13 Million; Market Value Declined

February 15, 2018 - By Adrian Mccoy

Carl Domino Inc increased its stake in Bank Amer Corp (BAC) by 138.16% based on its latest 2017Q3 regulatory filing with the SEC. Carl Domino Inc bought 45,119 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 77,777 shares of the major banks company at the end of 2017Q3, valued at $1.97 million, up from 32,658 at the end of the previous reported quarter. Carl Domino Inc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $329.71 billion market cap company. The stock increased 0.16% or $0.05 during the last trading session, reaching $32.05. About 35.53M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 15, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Credit Capital Investments Llc increased its stake in Cenovus Energy Inc (CVE) by 189.66% based on its latest 2017Q3 regulatory filing with the SEC. Credit Capital Investments Llc bought 55,000 shares as the company’s stock declined 29.14% while stock markets rallied. The institutional investor held 84,000 shares of the oil & gas production company at the end of 2017Q3, valued at $842,000, up from 29,000 at the end of the previous reported quarter. Credit Capital Investments Llc who had been investing in Cenovus Energy Inc for a number of months, seems to be bullish on the $9.06B market cap company. The stock decreased 5.94% or $0.47 during the last trading session, reaching $7.44. About 3.30M shares traded. Cenovus Energy Inc. (NYSE:CVE) has declined 34.01% since February 15, 2017 and is downtrending. It has underperformed by 50.71% the S&P500.

Among 16 analysts covering Cenovus Energy Inc (NYSE:CVE), 7 have Buy rating, 2 Sell and 7 Hold. Therefore 44% are positive. Cenovus Energy Inc had 25 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Cenovus Energy Inc. (NYSE:CVE) has “Neutral” rating given on Tuesday, January 26 by UBS. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, January 26. The stock of Cenovus Energy Inc. (NYSE:CVE) earned “Outperform” rating by Credit Suisse on Friday, May 26. The firm earned “Sell” rating on Monday, January 23 by Goldman Sachs. On Thursday, June 22 the stock rating was maintained by Goldman Sachs with “Neutral”. As per Friday, March 11, the company rating was upgraded by Goldman Sachs. The stock has “Overweight” rating by Morgan Stanley on Friday, October 13. The company was downgraded on Tuesday, January 24 by Macquarie Research. The stock of Cenovus Energy Inc. (NYSE:CVE) has “Neutral” rating given on Tuesday, December 15 by JP Morgan. The stock of Cenovus Energy Inc. (NYSE:CVE) earned “Neutral” rating by Nomura on Thursday, January 21.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Sandler O’Neill upgraded the stock to “Buy” rating in Wednesday, January 20 report. The firm earned “Buy” rating on Tuesday, January 9 by Sandler O’Neill. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Overweight” rating given on Wednesday, December 21 by Atlantic Securities. As per Tuesday, September 1, the company rating was upgraded by Macquarie Research. The firm earned “Buy” rating on Wednesday, April 5 by RBC Capital Markets. As per Tuesday, April 4, the company rating was downgraded by Citigroup. BMO Capital Markets maintained it with “Hold” rating and $27.0 target in Friday, October 6 report. The stock has “Hold” rating by Robert W. Baird on Friday, September 29. The rating was maintained by Jefferies with “Buy” on Thursday, September 14.

Carl Domino Inc, which manages about $237.47M and $81.96M US Long portfolio, decreased its stake in Brocade Communications Sys I (NASDAQ:BRCD) by 33,500 shares to 17,250 shares, valued at $206,000 in 2017Q3, according to the filing.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dived, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Aureus Asset Limited Liability Co holds 0.04% of its portfolio in Bank of America Corporation (NYSE:BAC) for 10,798 shares. Ancora Advsrs Limited Liability Company has invested 0.29% of its portfolio in Bank of America Corporation (NYSE:BAC). 85,402 were accumulated by Plancorp Limited. Envestnet Asset Mngmt accumulated 1.93M shares. Regal Inv Advisors Ltd holds 60,946 shares or 0.36% of its portfolio. Ironwood Inv Mgmt Llc holds 11,159 shares. Sterneck Management Limited Co invested in 0.53% or 36,397 shares. Veritable Ltd Partnership reported 342,196 shares. Schulhoff holds 0.73% or 48,379 shares in its portfolio. Greystone Invest Mgmt Limited Liability Corporation, Ohio-based fund reported 312,272 shares. Greylin Inv Mangement reported 2.36% of its portfolio in Bank of America Corporation (NYSE:BAC). Corvex Management Limited Partnership invested in 6.69% or 7.02M shares. Oxbow Advsrs Limited Liability Co accumulated 0.3% or 61,348 shares. Brighton Jones Llc holds 0.2% of its portfolio in Bank of America Corporation (NYSE:BAC) for 61,611 shares. Twin Mgmt invested in 1.10 million shares.

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