Silvercrest Asset Management Group Has Trimmed Its Conocophillips Com (COP) Stake; Ubs Global Asset Management Americas Has Cut National Oilwell Varco (NOV) Holding By $7.69 Billion

February 21, 2018 - By Winifred Garcia

Ubs Global Asset Management Americas Inc decreased National Oilwell Varco Inc (NOV) stake by 14.59% reported in 2017Q3 SEC filing. Ubs Global Asset Management Americas Inc sold 215,354 shares as National Oilwell Varco Inc (NOV)’s stock declined 11.45%. The Ubs Global Asset Management Americas Inc holds 1.26M shares with $45.03 billion value, down from 1.48M last quarter. National Oilwell Varco Inc now has $13.39 billion valuation. The stock decreased 0.48% or $0.17 during the last trading session, reaching $35.21. About 1.89 million shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since February 21, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

Silvercrest Asset Management Group Llc decreased Conocophillips Com (COP) stake by 9.67% reported in 2017Q3 SEC filing. Silvercrest Asset Management Group Llc sold 13,648 shares as Conocophillips Com (COP)’s stock declined 0.06%. The Silvercrest Asset Management Group Llc holds 127,546 shares with $6.38M value, down from 141,194 last quarter. Conocophillips Com now has $63.86B valuation. The stock decreased 1.08% or $0.59 during the last trading session, reaching $54.25. About 2.70 million shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since February 21, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Silvercrest Asset Management Group Llc increased Medtronic Plc Shs (NYSE:MDT) stake by 19,130 shares to 79,291 valued at $6.17M in 2017Q3. It also upped Vanguard Intl Equity Index F (VWO) stake by 60,705 shares and now owns 990,309 shares. Cisco Sys Inc Com (NASDAQ:CSCO) was raised too.

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. Blair William Il has 152,931 shares for 0.06% of their portfolio. Alpha Cubed Ltd Co has invested 0.04% in ConocoPhillips (NYSE:COP). Buckingham Asset Ltd Liability Corporation stated it has 0.08% of its portfolio in ConocoPhillips (NYSE:COP). Amf Pensionsforsakring Ab stated it has 0.8% of its portfolio in ConocoPhillips (NYSE:COP). Strategic Limited Liability Corp has 6,666 shares. 152,961 are held by Huntington National Bank. 23,651 are held by Livforsakringsbolaget Skandia Omsesidigt. Arvest Bancshares Trust Division has invested 1.18% in ConocoPhillips (NYSE:COP). Perigon Wealth Mngmt Ltd Liability Corporation has 0% invested in ConocoPhillips (NYSE:COP). First Commercial Bank Of Hutchinson has 0.13% invested in ConocoPhillips (NYSE:COP). Kings Point invested in 0.01% or 859 shares. Td Cap Ltd Liability Com holds 0% or 330 shares in its portfolio. Wealthfront holds 0.04% of its portfolio in ConocoPhillips (NYSE:COP) for 53,412 shares. Becker Capital Mgmt has invested 0.09% in ConocoPhillips (NYSE:COP). Toronto Dominion Natl Bank invested 0.09% in ConocoPhillips (NYSE:COP).

Analysts await ConocoPhillips (NYSE:COP) to report earnings on May, 1. They expect $0.69 earnings per share, up 3,550.00% or $0.71 from last year’s $-0.02 per share. COP’s profit will be $812.20 million for 19.66 P/E if the $0.69 EPS becomes a reality. After $0.45 actual earnings per share reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 53.33% EPS growth.

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 Tuesday, July 18 by Cowen & Co. Bernstein initiated ConocoPhillips (NYSE:COP) on Friday, August 7 with “Outperform” rating. The firm has “Outperform” rating by Credit Agricole given on Tuesday, December 15. The firm has “Hold” rating by Credit Suisse given on Monday, December 11. On Friday, April 29 the stock rating was maintained by Citigroup with “Buy”. Barclays Capital maintained it with “Overweight” rating and $59 target in Friday, October 27 report. The firm earned “Buy” rating on Wednesday, September 27 by Cowen & Co. Piper Jaffray maintained the shares of COP in report on Thursday, November 9 with “Buy” rating. On Wednesday, January 24 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. As per Thursday, August 24, the company rating was maintained by RBC Capital Markets.

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on April, 26 after the close. They expect $-0.01 EPS, up 94.12% or $0.16 from last year’s $-0.17 per share. After $-0.04 actual EPS reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -75.00% EPS growth.

Investors sentiment increased to 0.85 in 2017 Q3. Its up 0.18, from 0.67 in 2017Q2. It is positive, as 53 investors sold NOV shares while 189 reduced holdings. 49 funds opened positions while 157 raised stakes. 348.73 million shares or 2.54% more from 340.10 million shares in 2017Q2 were reported. Nationwide Fund Advsr holds 0.05% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 374,678 shares. M&R Cap Mgmt Incorporated invested in 450 shares. Ariel Invests Limited Com holds 2.17 million shares. Parametric Portfolio Assocs Llc stated it has 0.04% in National Oilwell Varco, Inc. (NYSE:NOV). Guggenheim Limited Liability Corp accumulated 1.17 million shares. Boston Prtn accumulated 121,943 shares or 0.01% of the stock. Canada Pension Plan Investment Board reported 0.01% in National Oilwell Varco, Inc. (NYSE:NOV). Apg Asset Nv stated it has 0.01% in National Oilwell Varco, Inc. (NYSE:NOV). Manchester Management Limited Company accumulated 804 shares. Hartford Invest Mngmt reported 81,889 shares or 0.06% of all its holdings. Credit Agricole S A owns 127,984 shares. Ameritas Invest Prns holds 0.01% or 8,626 shares in its portfolio. Amalgamated Fincl Bank holds 0.05% or 43,659 shares. Regions Fin Corp, a Alabama-based fund reported 69,249 shares. State Of Tennessee Treasury Department reported 0.03% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV).

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