Enterprise Prods Partners L (EPD) Share Price Declined While Harvest Fund Advisors Increased Its Position; As Cimarex Energy Co (XEC) Valuation Declined, Shareholder Howland Capital Management Decreased Holding

February 17, 2018 - By Richard Conner

Harvest Fund Advisors Llc increased its stake in Enterprise Prods Partners L (EPD) by 5.12% based on its latest 2017Q3 regulatory filing with the SEC. Harvest Fund Advisors Llc bought 2.08 million shares as the company’s stock declined 6.06% while stock markets rallied. The hedge fund held 42.61M shares of the natural gas distribution company at the end of 2017Q3, valued at $1.11B, up from 40.54M at the end of the previous reported quarter. Harvest Fund Advisors Llc who had been investing in Enterprise Prods Partners L for a number of months, seems to be bullish on the $57.07 billion market cap company. The stock decreased 1.42% or $0.38 during the last trading session, reaching $26.41. About 4.82M shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since February 17, 2017 and is downtrending. It has underperformed by 16.88% the S&P500.

Howland Capital Management Llc decreased its stake in Cimarex Energy Co (XEC) by 3.17% based on its latest 2017Q3 regulatory filing with the SEC. Howland Capital Management Llc sold 2,765 shares as the company’s stock declined 10.93% while stock markets rallied. The institutional investor held 84,505 shares of the oil & gas production company at the end of 2017Q3, valued at $9.61M, down from 87,270 at the end of the previous reported quarter. Howland Capital Management Llc who had been investing in Cimarex Energy Co for a number of months, seems to be less bullish one the $9.41 billion market cap company. The stock decreased 0.03% or $0.03 during the last trading session, reaching $98.73. About 2.09M shares traded or 105.99% up from the average. Cimarex Energy Co. (NYSE:XEC) has risen 1.88% since February 17, 2017 and is uptrending. It has underperformed by 14.82% the S&P500.

Investors sentiment increased to 1 in Q3 2017. Its up 0.01, from 0.99 in 2017Q2. It is positive, as 54 investors sold EPD shares while 262 reduced holdings. 73 funds opened positions while 242 raised stakes. 783.53 million shares or 0.44% more from 780.09 million shares in 2017Q2 were reported. Provise Gp Ltd Com owns 0.76% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 202,206 shares. Millennium Mngmt Limited Liability Corporation stated it has 8,816 shares. Deroy And Devereaux Private Investment Counsel holds 0.2% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 67,293 shares. Smithbridge Asset Mgmt Incorporated De stated it has 38,805 shares. Parsons Cap Management Ri accumulated 7,880 shares. Bridges Invest Counsel reported 0.17% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Next Grp Inc Incorporated, a Texas-based fund reported 10,537 shares. Blair William Il invested in 0.16% or 837,950 shares. Mufg Americas Holdings holds 51,599 shares. Northwest Invest Counselors Ltd owns 0% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 400 shares. New Vernon Inv Mngmt Ltd Liability Co invested in 18,871 shares. Brown Advisory Incorporated holds 0.02% or 202,210 shares. 5.81 million are owned by Westwood Inc. Montecito Bancorp invested 0.24% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Jennison holds 808,607 shares.

Harvest Fund Advisors Llc, which manages about $5.20 billion and $9.64B US Long portfolio, decreased its stake in Cheniere Energy Inc (NYSEMKT:LNG) by 285,705 shares to 2.83 million shares, valued at $127.44 million in 2017Q3, according to the filing. It also reduced its holding in Buckeye Partners LP (NYSE:BPL) by 1.26 million shares in the quarter, leaving it with 6.36 million shares, and cut its stake in Macquarie Infrastructure Cor (NYSE:MIC).

Among 24 analysts covering Enterprise Products Partners LP (NYSE:EPD), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Enterprise Products Partners LP had 52 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, May 11 by Bernstein. The firm earned “Overweight” rating on Friday, August 4 by Barclays Capital. The company was maintained on Thursday, September 14 by Stifel Nicolaus. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, August 15. The company was maintained on Monday, June 5 by BMO Capital Markets. Mizuho maintained the stock with “Buy” rating in Friday, October 13 report. Jefferies maintained the shares of EPD in report on Thursday, June 22 with “Buy” rating. The firm earned “Buy” rating on Thursday, October 12 by BMO Capital Markets. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, January 31. The company was maintained on Wednesday, November 18 by Deutsche Bank.

Among 35 analysts covering Cimarex Energy (NYSE:XEC), 22 have Buy rating, 0 Sell and 13 Hold. Therefore 63% are positive. Cimarex Energy had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Buy” rating by Credit Suisse on Tuesday, January 23. The stock has “Positive” rating by Susquehanna on Friday, November 4. The company was maintained on Wednesday, June 21 by BMO Capital Markets. The rating was initiated by Credit Suisse on Monday, December 11 with “Buy”. Wunderlich downgraded the shares of XEC in report on Thursday, November 5 to “Hold” rating. The stock has “Hold” rating by KLR Group on Friday, January 20. Barclays Capital maintained it with “Overweight” rating and $117 target in Thursday, July 14 report. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Overweight” rating by CapitalOne on Tuesday, December 22. As per Thursday, January 12, the company rating was reinitiated by Iberia Capital Partners. The stock has “Overweight” rating by JP Morgan on Thursday, December 8.

Howland Capital Management Llc, which manages about $1.25B and $1.21B US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VGK) by 7,491 shares to 450,709 shares, valued at $26.29 million in 2017Q3, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 14,288 shares in the quarter, for a total of 76,486 shares, and has risen its stake in Alphabet Inc.

Analysts await Cimarex Energy Co. (NYSE:XEC) to report earnings on February, 21. They expect $1.23 EPS, up 105.00% or $0.63 from last year’s $0.6 per share. XEC’s profit will be $117.17M for 20.07 P/E if the $1.23 EPS becomes a reality. After $1.09 actual EPS reported by Cimarex Energy Co. for the previous quarter, Wall Street now forecasts 12.84% EPS growth.

Since August 18, 2017, it had 0 insider buys, and 11 sales for $4.27 million activity. The insider Lambuth John sold 13,000 shares worth $1.48M. $256,345 worth of Cimarex Energy Co. (NYSE:XEC) shares were sold by BELL STEPHEN P. ALBI JOSEPH R sold $113,750 worth of stock or 1,000 shares. 913 shares were sold by LOGAN HAROLD R JR, worth $96,623. The insider Johnson Krista L sold 2,229 shares worth $250,763. On Tuesday, December 12 Barron Francis Brian sold $337,769 worth of Cimarex Energy Co. (NYSE:XEC) or 3,000 shares.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.10, from 1.05 in 2017Q2. It increased, as 40 investors sold XEC shares while 128 reduced holdings. 56 funds opened positions while 137 raised stakes. 86.51 million shares or 3.87% more from 83.28 million shares in 2017Q2 were reported. Asset Mngmt Inc holds 8,957 shares or 0.03% of its portfolio. Fisher Asset Mgmt Limited Liability stated it has 0% in Cimarex Energy Co. (NYSE:XEC). Alliancebernstein Ltd Partnership accumulated 321,817 shares. L & S Advsrs Incorporated holds 0.99% of its portfolio in Cimarex Energy Co. (NYSE:XEC) for 52,000 shares. Moreover, Dekabank Deutsche Girozentrale has 0.01% invested in Cimarex Energy Co. (NYSE:XEC) for 18,827 shares. Chevy Chase Trust has invested 0.04% in Cimarex Energy Co. (NYSE:XEC). Voya Investment Limited holds 60,011 shares or 0.01% of its portfolio. Ranger Investment LP has 0% invested in Cimarex Energy Co. (NYSE:XEC). Thrivent Fincl For Lutherans holds 0.1% in Cimarex Energy Co. (NYSE:XEC) or 252,510 shares. Glenmede Tru Na stated it has 0% of its portfolio in Cimarex Energy Co. (NYSE:XEC). Brown Brothers Harriman has 0% invested in Cimarex Energy Co. (NYSE:XEC). Meiji Yasuda Life reported 3,570 shares. Point72 Asset Management Limited Partnership owns 250,000 shares. 2,200 are owned by King Luther Cap Management. 30,170 are held by Bessemer Gru.

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