Amgen (AMGN) Shareholder Fragasso Group Decreased Position; Westwood Holdings Group Holding in Pioneer Nat Res Co (PXD) Has Increased by $2.81 Million as Shares Declined

January 15, 2018 - By Winifred Garcia

Fragasso Group Inc decreased its stake in Amgen Inc (AMGN) by 22.27% based on its latest 2017Q3 regulatory filing with the SEC. Fragasso Group Inc sold 4,630 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 16,163 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $2.96 million, down from 20,793 at the end of the previous reported quarter. Fragasso Group Inc who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $134.32B market cap company. The stock increased 1.69% or $3.08 during the last trading session, reaching $185.04. About 3.11M shares traded or 13.60% up from the average. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since January 15, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Westwood Holdings Group Inc increased its stake in Pioneer Nat Res Co (PXD) by 651.57% based on its latest 2017Q3 regulatory filing with the SEC. Westwood Holdings Group Inc bought 19,091 shares as the company’s stock declined 8.01% while stock markets rallied. The institutional investor held 22,021 shares of the oil & gas production company at the end of 2017Q3, valued at $3.25M, up from 2,930 at the end of the previous reported quarter. Westwood Holdings Group Inc who had been investing in Pioneer Nat Res Co for a number of months, seems to be bullish on the $31.68B market cap company. The stock increased 1.08% or $1.98 during the last trading session, reaching $186.15. About 1.36 million shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since January 15, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on February, 1. They expect $3.02 EPS, up 4.50% or $0.13 from last year’s $2.89 per share. AMGN’s profit will be $2.19 billion for 15.32 P/E if the $3.02 EPS becomes a reality. After $3.27 actual EPS reported by Amgen Inc. for the previous quarter, Wall Street now forecasts -7.65% negative EPS growth.

Among 24 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Amgen Inc. had 74 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Thursday, October 26 by Morgan Stanley. Oppenheimer maintained Amgen Inc. (NASDAQ:AMGN) rating on Wednesday, July 12. Oppenheimer has “Buy” rating and $18900 target. The company was initiated on Tuesday, December 13 by Oppenheimer. The company was maintained on Wednesday, August 23 by Oppenheimer. The stock has “Market Perform” rating by Leerink Swann on Friday, February 5. The firm has “Neutral” rating given on Tuesday, December 20 by Credit Suisse. Oppenheimer maintained it with “Buy” rating and $18900 target in Monday, June 5 report. BMO Capital Markets maintained it with “Buy” rating and $19900 target in Friday, July 21 report. Cowen & Co maintained Amgen Inc. (NASDAQ:AMGN) rating on Tuesday, October 3. Cowen & Co has “Buy” rating and $209.0 target. The stock of Amgen Inc. (NASDAQ:AMGN) has “Neutral” rating given on Friday, July 29 by Citigroup.

Since October 9, 2017, it had 0 insider buys, and 2 selling transactions for $553,240 activity.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.16, from 1.15 in 2017Q2. It fall, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Lord Abbett & Ltd Limited Liability Company holds 0.18% of its portfolio in Amgen Inc. (NASDAQ:AMGN) for 321,700 shares. Curbstone Mgmt has 0.17% invested in Amgen Inc. (NASDAQ:AMGN). Chicago Equity Ptnrs Ltd Liability Com has 115,710 shares for 0.68% of their portfolio. Oakworth Incorporated holds 734 shares or 0.03% of its portfolio. Invsts Asset Mngmt Of Georgia Ga Adv accumulated 2,090 shares. Grandfield And Dodd holds 41,196 shares. Nichols Pratt Advisers Ltd Liability Partnership Ma reported 0.07% stake. Alpha Cubed Invests Lc holds 2.48% of its portfolio in Amgen Inc. (NASDAQ:AMGN) for 88,352 shares. Salem Invest Counselors accumulated 843 shares. Victory Capital Management Incorporated has 0.01% invested in Amgen Inc. (NASDAQ:AMGN) for 26,152 shares. Apriem Advsr invested in 0.05% or 1,119 shares. Profit Invest Ltd Company, Maryland-based fund reported 6,609 shares. Mason Street Advsrs Ltd reported 101,292 shares or 0.46% of all its holdings. Convergence Invest Limited Com has invested 1.17% in Amgen Inc. (NASDAQ:AMGN). Texas Permanent School Fund, a Texas-based fund reported 202,215 shares.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.07, from 1.1 in 2017Q2. It worsened, as 78 investors sold PXD shares while 197 reduced holdings. 73 funds opened positions while 209 raised stakes. 151.85 million shares or 0.71% less from 152.94 million shares in 2017Q2 were reported. California Public Employees Retirement stated it has 0.08% in Pioneer Natural Resources Company (NYSE:PXD). Manufacturers Life Ins Co The has 0.03% invested in Pioneer Natural Resources Company (NYSE:PXD). Commonwealth Bankshares Of invested in 0% or 186 shares. Sit Invest accumulated 2,900 shares. Moreover, Commercial Bank Of Ny Mellon has 0.1% invested in Pioneer Natural Resources Company (NYSE:PXD). Brown Advisory has invested 0% in Pioneer Natural Resources Company (NYSE:PXD). Loring Wolcott Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma, a Massachusetts-based fund reported 2,019 shares. Baystate Wealth Management Limited Liability Corporation reported 0% stake. Oppenheimer & Com Inc holds 0.11% or 29,040 shares in its portfolio. Parametric Port Associates Ltd Liability Company has 372,096 shares for 0.06% of their portfolio. Advisory reported 129,367 shares. Glob Endowment Limited Partnership reported 2,940 shares. Employees Retirement Sys Of Texas, a Texas-based fund reported 97,200 shares. Corecommodity Mgmt Ltd Liability Corporation accumulated 8,333 shares. Kayne Anderson Rudnick Inv Mngmt Llc accumulated 0.15% or 115,961 shares.

Among 36 analysts covering Pioneer Natural Resources (NYSE:PXD), 33 have Buy rating, 1 Sell and 2 Hold. Therefore 92% are positive. Pioneer Natural Resources had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Wednesday, October 18. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Outperform” rating given on Tuesday, December 19 by Robert W. Baird. Societe Generale upgraded the stock to “Hold” rating in Wednesday, November 4 report. The rating was maintained by Deutsche Bank on Tuesday, March 29 with “Buy”. The firm earned “Buy” rating on Thursday, June 15 by RBC Capital Markets. Stifel Nicolaus maintained Pioneer Natural Resources Company (NYSE:PXD) on Friday, September 1 with “Buy” rating. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Outperform” rating by Credit Suisse on Friday, August 7. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 4 report. Williams Capital Group maintained it with “Hold” rating and $18400 target in Wednesday, August 2 report. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Tuesday, July 18 by Cowen & Co.

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