Hite Hedge Asset Management Stake in Viper Energy Partners LP (VNOM) Has Decreased by $8.19 Million; Patten & Patten Has Decreased Stake in Amazon.Com (AMZN) by $366,091

June 17, 2018 - By Marguerite Chambers

Amazon.com, Inc. (NASDAQ:AMZN) Logo

Hite Hedge Asset Management Llc decreased its stake in Viper Energy Partners Lp (VNOM) by 16.03% based on its latest 2018Q1 regulatory filing with the SEC. Hite Hedge Asset Management Llc sold 327,721 shares as the company’s stock rose 37.18% while stock markets declined. The hedge fund held 1.72M shares of the oil & gas production company at the end of 2018Q1, valued at $43.64 million, down from 2.05M at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Viper Energy Partners Lp for a number of months, seems to be less bullish one the $3.01B market cap company. The stock decreased 2.54% or $0.69 during the last trading session, reaching $26.46. About 606,617 shares traded. Viper Energy Partners LP (NASDAQ:VNOM) has risen 84.79% since June 17, 2017 and is uptrending. It has outperformed by 72.22% the S&P500. Some Historical VNOM News: 15/03/2018 Viper Energy Non-Deal Roadshow Set By SunTrust for Mar. 22-23; 22/03/2018 – Viper Energy at Non-Deal Roadshow Hosted By SunTrust Today; 26/03/2018 – Investor Expectations to Drive Momentum within Agnico Eagle Mines, Rogers, Cemex S.A.B. de C.V, Aegion, Viper Energy Partners L; 10/04/2018 – Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Its First Quarter 2018 Cash Distribution and Provides an Update on First Quarter Production; 29/03/2018 – VIPER ENERGY PARTNERS LP – BELIEVES THIS ELECTION WILL ALLOW CO TO SIGNIFICANTLY EXPAND INVESTOR BASE, BOTH IN U.S. & INTERNATIONALLY; 29/03/2018 – VIPER ENERGY SEEKS TO CHANGE STATUS TO TAXABLE ENTITY; 29/03/2018 – VIPER ENERGY PARTNERS – BOARD OF GENERAL PARTNER HAS UNANIMOUSLY APPROVED A CHANGE OF VIPER’S FEDERAL INCOME TAX STATUS; 24/04/2018 – US OIL & GAS EXPLORATION & PRODUCTION : CREDIT SUISSE SAYS MARATHON OIL, ANADARKO PETROLEUM, NOBLE ENERGY, VIPER ENERGY, EXTRACTION OIL & GAS AMONG TOP E&P PICKS; 09/05/2018 – Viper Energy Partners LP, A Subsidiary Of Diamondback Energy, Inc., Announces Effective Date Of Tax Status Change From Pass-Through Partnership To A Taxable Entity; 21/03/2018 – Former Viper Plant to Become New Home of FCA US Car Collection; Company Launches Viper Memorabilia Auction to Benefit United Way

Patten & Patten Inc decreased its stake in Amazon.Com Inc. (AMZN) by 16.38% based on its latest 2018Q1 regulatory filing with the SEC. Patten & Patten Inc sold 253 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 1,292 shares of the consumer services company at the end of 2018Q1, valued at $1.87 million, down from 1,545 at the end of the previous reported quarter. Patten & Patten Inc who had been investing in Amazon.Com Inc. for a number of months, seems to be less bullish one the $832.64B market cap company. The stock decreased 0.46% or $7.89 during the last trading session, reaching $1715.97. About 3.88 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 17, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 21/04/2018 – Amazon Redefines Big — Barron’s; 21/05/2018 – Boston Wants Amazon, But Is There Room?; 22/03/2018 – AMAZON IS SAID TO PLAN EXPANDED ONLINE DELIVERY AT WHOLE FOODS; 20/03/2018 – Mint: Airbus is said to weigh new A330 cargo model, spurred by Amazon, UPS; 18/04/2018 – Retail Rivals Amazon and Best Buy Team Up to Sell Smart TVs; 02/04/2018 – In the search for HQ2, Amazon representatives have visited more than 10 of the 20 cities still in the running; 01/05/2018 – AMAZON IS SAID EYEING MORE WHOLE FOODS BENEFITS FOR PRIME: CNBC; 26/04/2018 – Munster’s initial reaction to $AMZN earnings: “I love this.”; 14/03/2018 – Walmart to Expand Grocery Delivery as Amazon Battle Intensifies; 13/03/2018 – Amazon’s Advertising Beast Won’t Badly Bite Facebook, Google — Barron’s Blog

Hite Hedge Asset Management Llc, which manages about $778.61M and $458.88M US Long portfolio, upped its stake in Hess Midstream Partners Lp by 399,680 shares to 565,209 shares, valued at $10.76M in 2018Q1, according to the filing. It also increased its holding in Energy Transfer Equity LP (NYSE:ETE) by 458,845 shares in the quarter, for a total of 874,345 shares, and has risen its stake in Archrock Partners L P.

More news for Viper Energy Partners LP (NASDAQ:VNOM) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For June 4, 2018” on June 04, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in Meritage, AllianceBernstein Holding, Viper Energy Partners LP, Huron …” and published on May 21, 2018 is yet another important article.

Analysts await Viper Energy Partners LP (NASDAQ:VNOM) to report earnings on August, 7. They expect $0.35 earnings per share, up 52.17% or $0.12 from last year’s $0.23 per share. VNOM’s profit will be $39.85M for 18.90 P/E if the $0.35 EPS becomes a reality. After $0.38 actual earnings per share reported by Viper Energy Partners LP for the previous quarter, Wall Street now forecasts -7.89% negative EPS growth.

Among 15 analysts covering Viper Energy Partners (NASDAQ:VNOM), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Viper Energy Partners had 45 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 30 by Citigroup. On Thursday, June 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Barclays Capital on Tuesday, August 8 with “Overweight”. The firm earned “Buy” rating on Monday, July 17 by Northland Capital. As per Friday, August 7, the company rating was maintained by Northland Capital. The stock has “Buy” rating by Mizuho on Tuesday, January 16. The firm earned “Buy” rating on Thursday, July 13 by Stifel Nicolaus. The firm has “Buy” rating by SunTrust given on Monday, April 16. Piper Jaffray maintained the shares of VNOM in report on Tuesday, February 27 with “Buy” rating. The firm earned “Strong Buy” rating on Tuesday, February 21 by Raymond James.

Since February 15, 2018, it had 0 insider buys, and 21 sales for $63.19 million activity. Olsavsky Brian T also sold $3.42M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. On Thursday, February 15 Blackburn Jeffrey M sold $18.50M worth of Amazon.com, Inc. (NASDAQ:AMZN) or 12,666 shares. $2.90 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Jassy Andrew R. WILKE JEFFREY A sold $2.59M worth of stock or 1,645 shares. 544 shares valued at $795,502 were sold by Reynolds Shelley on Thursday, February 15. The insider STONESIFER PATRICIA Q sold 1,375 shares worth $2.17M.

Patten & Patten Inc, which manages about $1.33B and $978.52M US Long portfolio, upped its stake in Progressive Corp. (NYSE:PGR) by 7,990 shares to 287,795 shares, valued at $17.54 million in 2018Q1, according to the filing. It also increased its holding in Celgene Corp. (NASDAQ:CELG) by 5,776 shares in the quarter, for a total of 54,532 shares, and has risen its stake in Abbott Laboratories (NYSE:ABT).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.52 earnings per share, up 530.00% or $2.12 from last year’s $0.4 per share. AMZN’s profit will be $1.22B for 170.24 P/E if the $2.52 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -22.94% negative EPS growth.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “Why Square Considers Itself a Technology Company” on June 16, 2018, also Nasdaq.com with their article: “Report: Microsoft Working on ‘Amazon Go’ Type Technology” published on June 15, 2018, Benzinga.com published: “Where Is Amazon Investing In Fintech?” on June 10, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “The Race To $1 Trillion, But What About $2 Trillion?” published on June 15, 2018 as well as Seekingalpha.com‘s news article titled: “The Proof That Amazon Is Undervalued” with publication date: May 23, 2018.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>