Dycom Inds (DY) Holder York Capital Management Global Advisors Has Trimmed Its Stake; As Marathon Pete (MPC) Stock Value Rose, Holder Steinberg Global Asset Management Lowered Its Holding

June 23, 2018 - By Darrin Black

Marathon Petroleum Corporation (NYSE:MPC) Logo

James Dinan decreased its stake in Dycom Inds Inc (DY) by 10.95% based on its latest 2018Q1 regulatory filing with the SEC. York Capital Management Global Advisors Llc sold 51,042 shares as the company’s stock declined 20.60% with the market. The hedge fund run by James Dinan held 414,895 shares of the basic industries company at the end of 2018Q1, valued at $44.66 million, down from 465,937 at the end of the previous reported quarter. York Capital Management Global Advisors Llc who had been investing in Dycom Inds Inc for a number of months, seems to be less bullish one the $3.05B market cap company. The stock decreased 0.93% or $0.92 during the last trading session, reaching $97.7. About 549,608 shares traded or 3.67% up from the average. Dycom Industries, Inc. (NYSE:DY) has risen 11.11% since June 23, 2017 and is uptrending. It has underperformed by 1.46% the S&P500. Some Historical DY News: 22/05/2018 – DYCOM INDUSTRIES INC SEES GAAP SHR FOR QUARTER ENDING JULY 28, 2018 $1.02 – $1.17; 22/05/2018 – Dycom Cuts FY19 View on Anticipated Timing of Activity on Large Customer Programs; 22/05/2018 – DYCOM INDUSTRIES INC SEES FISCAL 2019 GAAP SHR $3.81 – $4.70

Steinberg Global Asset Management decreased its stake in Marathon Pete Corp (MPC) by 46.42% based on its latest 2018Q1 regulatory filing with the SEC. Steinberg Global Asset Management sold 7,450 shares as the company’s stock rose 16.16% while stock markets declined. The institutional investor held 8,600 shares of the integrated oil company at the end of 2018Q1, valued at $629,000, down from 16,050 at the end of the previous reported quarter. Steinberg Global Asset Management who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $33.54B market cap company. The stock increased 0.19% or $0.14 during the last trading session, reaching $72.62. About 11.90M shares traded or 109.02% up from the average. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.81% since June 23, 2017 and is uptrending. It has outperformed by 34.24% the S&P500. Some Historical MPC News: 17/04/2018 – Praxair Begins Supplying Hydrogen to Marathon Petroleum’s Louisiana Refinery; 13/03/2018 – LONDON- S.AFRICA’S CENTRAL BANK ESTIMATES VAT RISE TO LIFT INFLATION AROUND 0.6 PERCENTAGE POINTS OVER THE YEAR -MPC MEMBER KAHN; 08/05/2018 – MARATHON, VALERO REFINERIES IN TEXAS CITY, TEXAS, LOSE POWER DUE TO SUBSTATION FIRE; 09/05/2018 – VP Brooks Gifts 140 Of Marathon Petroleum Corp; 15/03/2018 – MARATHON PETROLEUM COMPLETES REDEMPTION OF 2.7% NOTES DUE 2018; 10/04/2018 – BANK OF THAILAND RELEASES MINUTES OF LATEST MPC RATE DECISION; 17/04/2018 – PRAXAIR INC – HAS BEGUN SUPPLYING HYDROGEN TO MARATHON PETROLEUM CORPORATION’S REFINERY IN GARYVILLE, LOUISIANA; 22/05/2018 – NIGERIA MPC: ECONOMY NEEDS NEW IMPETUS OF INCREASED LENDING; 16/04/2018 – Speedway to acquire 78 Express Mart locations in New York; 10/04/2018 – S. AFRICA’S TSHAZIBANA: MPC WOULD LIKE SINGLE-POINT CPI TARGET

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.14, from 1.01 in 2017Q4. It is negative, as 30 investors sold DY shares while 106 reduced holdings. 32 funds opened positions while 86 raised stakes. 28.44 million shares or 4.05% less from 29.64 million shares in 2017Q4 were reported. Ironwood Ltd Com invested in 8,866 shares or 0.7% of the stock. Stone Ridge Asset Management Llc has invested 0.02% in Dycom Industries, Inc. (NYSE:DY). Waddell And Reed Finance holds 533,530 shares or 0.13% of its portfolio. First Trust Advsrs LP has invested 0.03% in Dycom Industries, Inc. (NYSE:DY). Cambridge invested 0.01% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Fifth Third Bank has invested 0.19% in Dycom Industries, Inc. (NYSE:DY). Daruma Cap Management owns 37,132 shares for 0.25% of their portfolio. Moreover, Schroder Invest Management Gru has 0.1% invested in Dycom Industries, Inc. (NYSE:DY). Logan Mngmt Incorporated has 59,096 shares for 0.45% of their portfolio. Parametric Port Associates Limited Liability Com reported 0.01% stake. First Interstate Savings Bank holds 0% or 165 shares in its portfolio. Point72 Asset Mngmt Lp holds 51,400 shares. 2,187 are held by Shelton Capital Management. Maplelane Capital Limited invested in 0.47% or 170,000 shares. Ameritas Prtnrs accumulated 0.06% or 11,812 shares.

York Capital Management Global Advisors Llc, which manages about $4.45 billion US Long portfolio, upped its stake in Ares Mgmt Lp (NYSE:ARES) by 311,277 shares to 359,136 shares, valued at $7.69 million in 2018Q1, according to the filing. It also increased its holding in Monsanto Co New (NYSE:MON) by 437,438 shares in the quarter, for a total of 6.50 million shares, and has risen its stake in Kkr & Co LP Del (NYSE:KKR).

Analysts await Dycom Industries, Inc. (NYSE:DY) to report earnings on August, 29. They expect $1.18 earnings per share, down 19.73% or $0.29 from last year’s $1.47 per share. DY’s profit will be $36.81M for 20.70 P/E if the $1.18 EPS becomes a reality. After $0.65 actual earnings per share reported by Dycom Industries, Inc. for the previous quarter, Wall Street now forecasts 81.54% EPS growth.

Since March 7, 2018, it had 1 buying transaction, and 1 insider sale for $94,424 activity. Sykes Richard K had bought 2,000 shares worth $189,620 on Wednesday, May 30.

Among 10 analysts covering Dycom (NYSE:DY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dycom had 39 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 30. The rating was maintained by FBR Capital with “Outperform” on Thursday, March 2. FBR Capital maintained Dycom Industries, Inc. (NYSE:DY) on Wednesday, May 23 with “Buy” rating. The firm earned “Overweight” rating on Wednesday, August 30 by KeyBanc Capital Markets. FBR Capital maintained the shares of DY in report on Monday, June 19 with “Buy” rating. Stephens initiated it with “Overweight” rating and $87 target in Monday, April 11 report. On Friday, May 26 the stock rating was upgraded by ValuEngine to “Buy”. FBR Capital maintained the stock with “Buy” rating in Monday, February 12 report. FBR Capital maintained Dycom Industries, Inc. (NYSE:DY) on Thursday, May 25 with “Outperform” rating. DA Davidson upgraded the stock to “Buy” rating in Tuesday, December 15 report.

Among 21 analysts covering Marathon Petroleum Corp (NYSE:MPC), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. Marathon Petroleum Corp had 93 analyst reports since August 10, 2015 according to SRatingsIntel. As per Monday, August 10, the company rating was downgraded by Zacks. Jefferies maintained the stock with “Buy” rating in Friday, August 25 report. The rating was initiated by Jefferies with “Buy” on Tuesday, August 23. The firm earned “Sell” rating on Monday, February 5 by Wells Fargo. Scotia Capital maintained Marathon Petroleum Corporation (NYSE:MPC) on Thursday, December 21 with “Hold” rating. The firm has “Buy” rating by Citigroup given on Tuesday, March 13. As per Friday, February 5, the company rating was downgraded by JP Morgan. The firm has “Buy” rating given on Thursday, July 27 by Cowen & Co. The firm has “Buy” rating by Bank of America given on Thursday, May 10. Deutsche Bank maintained the stock with “Buy” rating in Friday, December 4 report.

More recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Bizjournals.com which released: “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition” on June 04, 2018. Also 247Wallst.com published the news titled: “5 Stocks to Buy Now If You Fear a Trade War Market Crash” on June 20, 2018. Bizjournals.com‘s news article titled: “Andeavor makes deal to boost expansion of ARCO gas stations in Mexico” with publication date: June 12, 2018 was also an interesting one.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.06, from 0.96 in 2017Q4. It dived, as 52 investors sold MPC shares while 322 reduced holdings. 98 funds opened positions while 239 raised stakes. 354.13 million shares or 3.74% less from 367.91 million shares in 2017Q4 were reported. Comerica Secs has invested 0.26% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Arrowstreet Capital Partnership stated it has 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Wg Shaheen And Associate Dba Whitney And reported 1,200 shares stake. Natixis Advsrs Limited Partnership has 170,563 shares. Texas Yale Capital holds 0.14% or 21,900 shares. Davis R M Inc holds 3,364 shares. Parametric Associates Ltd Limited Liability Company has invested 0.18% in Marathon Petroleum Corporation (NYSE:MPC). Clarivest Asset Mgmt Llc invested in 0% or 2,797 shares. Wright holds 29,154 shares or 0.73% of its portfolio. Advsr Asset Mngmt accumulated 111,421 shares or 0.12% of the stock. Cadence Bancorporation Na invested in 9,574 shares or 0.28% of the stock. Steadfast Mgmt LP holds 1.74 million shares or 2.26% of its portfolio. 49,900 were accumulated by Art Advsrs Ltd Liability. Stratos Wealth Ptnrs invested 0.04% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). First Wilshire Securities Mgmt has invested 0.1% in Marathon Petroleum Corporation (NYSE:MPC).

Since March 6, 2018, it had 1 buy, and 2 insider sales for $3.27 million activity. BUNCH CHARLES E had bought 1,500 shares worth $101,070.

Steinberg Global Asset Management, which manages about $604.10 million and $678.24 million US Long portfolio, upped its stake in Fqf Tr by 25,219 shares to 89,414 shares, valued at $2.20 million in 2018Q1, according to the filing. It also increased its holding in Heico Corp New (NYSE:HEI) by 13,551 shares in the quarter, for a total of 34,202 shares, and has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ).

Dycom Industries, Inc. (NYSE:DY) 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

>