Exane Derivatives Has Cut Chesapeake Energy (CHK) Stake By $8.01 Million; 12 Bullish Analysts Covering McKesson (MCK)

June 11, 2018 - By Migdalia James

McKesson Corporation (NYSE:MCK) Logo

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 84 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, September 26, the company rating was maintained by Mizuho. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Wednesday, November 4 by Goldman Sachs. On Friday, February 2 the stock rating was maintained by Needham with “Buy”. The company was maintained on Friday, April 28 by Barclays Capital. The stock of McKesson Corporation (NYSE:MCK) has “Sell” rating given on Monday, December 18 by Credit Suisse. On Tuesday, May 30 the stock rating was maintained by Mizuho with “Hold”. The stock of McKesson Corporation (NYSE:MCK) earned “Outperform” rating by FBR Capital on Tuesday, January 12. Cowen & Co upgraded the stock to “Outperform” rating in Tuesday, October 10 report. Jefferies upgraded McKesson Corporation (NYSE:MCK) on Wednesday, January 24 to “Buy” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, September 14 report. See McKesson Corporation (NYSE:MCK) latest ratings:

29/05/2018 Broker: Leerink Swann Rating: Hold New Target: $160.0000 Maintain
18/04/2018 Broker: Cowen & Co Rating: Buy New Target: $186.0000 Maintain
11/04/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $179 New Target: $172 Maintain
08/03/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $165 Initiates Coverage On
27/02/2018 Broker: Bank of America Rating: Buy New Target: $179.0
02/02/2018 Broker: Needham Rating: Buy New Target: $185.0 Maintain
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $186.0 Maintain
01/02/2018 Broker: Mizuho Rating: Hold New Target: $179.0 Maintain
24/01/2018 Broker: Mizuho Rating: Hold New Target: $186.0 Maintain
24/01/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade

Exane Derivatives decreased Chesapeake Energy (CHK) stake by 99.96% reported in 2018Q1 SEC filing. Exane Derivatives sold 2,671 shares as Chesapeake Energy (CHK)’s stock rose 33.96%. The Exane Derivatives holds 1 shares with $3,000 value, down from 2,672 last quarter. Chesapeake Energy now has $4.44 billion valuation. The stock increased 2.91% or $0.14 during the last trading session, reaching $4.95. About 11.24 million shares traded. Chesapeake Energy Corporation (NYSE:CHK) has declined 16.99% since June 11, 2017 and is downtrending. It has underperformed by 29.56% the S&P500. Some Historical CHK News: ; 03/04/2018 – FITCH SEES TO RATE CHESAPEAKE FUNDING II LLC, SERIES 2018-1;; 17/04/2018 – Element Fleet Issues US$1 billion of ABS Term Notes through Chesapeake Il; 28/03/2018 – CHESAPEAKE: EVALUATING MOVING 5TH RIG INTO POWDER RIVER BASIN; 17/04/2018 – Fitch Rates Chesapeake Funding Il LLC, Series 2018-1; 15/05/2018 – SABA ADDED CHK, SN, NE IN 1Q: 13F; 18/04/2018 – Fitch Affirms All Ratings on Outstanding Chesapeake Funding II LLC Series; Outlooks Stable; 09/04/2018 – Maryland Public Television presents 14th annual Chesapeake Bay Week; 02/05/2018 – Chesapeake Energy 1Q Adjusted Production Rose 11%; 15/05/2018 – Saba Adds Chesapeake Energy, Exits AK Steel, Cuts Cisco: 13F; 09/04/2018 – Enviva Partners, LP Provides Update on Previously Reported Incident at Chesapeake Terminal

Exane Derivatives increased Applied Materials (NASDAQ:AMAT) stake by 304 shares to 3,401 valued at $184.20M in 2018Q1. It also upped Southern (NYSE:SO) stake by 65,312 shares and now owns 130,809 shares. Finisar (NASDAQ:FNSR) was raised too.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Seekingalpha.com which released: “Chesapeake Energy: Looking Better, But Stay Cautious” on June 11, 2018, also Seekingalpha.com with their article: “Chesapeake Energy Common Is Making Its Move” published on May 21, 2018, Finance.Yahoo.com published: “Jump in on Chesapeake Energy Stock as the Good News Keeps Piling Up” on June 08, 2018. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Seekingalpha.com and their article: “Chesapeake Energy: Still Ugly” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Chesapeake Energy: What A Run” with publication date: May 18, 2018.

Among 33 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 8 have Buy rating, 11 Sell and 14 Hold. Therefore 24% are positive. Chesapeake Energy Corporation had 98 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, July 21 the stock rating was maintained by Citigroup with “Neutral”. Jefferies maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, July 19. Jefferies has “Hold” rating and $500 target. The firm earned “Buy” rating on Thursday, March 30 by Wunderlich. Susquehanna maintained the shares of CHK in report on Monday, March 5 with “Hold” rating. The firm has “Neutral” rating given on Wednesday, July 22 by Credit Suisse. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, October 11. The rating was maintained by Stephens on Tuesday, March 13 with “Hold”. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Sell” rating by Bernstein on Monday, March 26. Wunderlich downgraded the shares of CHK in report on Thursday, January 28 to “Hold” rating. The rating was initiated by Mizuho with “Neutral” on Tuesday, December 20.

Investors sentiment increased to 1.28 in Q1 2018. Its up 0.24, from 1.04 in 2017Q4. It improved, as 69 investors sold CHK shares while 74 reduced holdings. 62 funds opened positions while 121 raised stakes. 516.33 million shares or 5.93% less from 548.86 million shares in 2017Q4 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) holds 53,909 shares or 0% of its portfolio. Hightower Advsr Ltd accumulated 45,492 shares or 0% of the stock. 46,101 are held by Regions. Mackenzie Financial holds 9.62M shares. Us Bancorp De stated it has 0% in Chesapeake Energy Corporation (NYSE:CHK). Manufacturers Life Insur The reported 0% stake. Brave Asset Mgmt invested in 0.1% or 57,730 shares. Advisory Rech has 0% invested in Chesapeake Energy Corporation (NYSE:CHK) for 15,305 shares. Parsons Capital Mgmt Inc Ri has invested 0.03% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Blackrock Incorporated stated it has 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Invesco Ltd invested 0% in Chesapeake Energy Corporation (NYSE:CHK). The Ohio-based Keybank National Association Oh has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Two Sigma Securities Limited Liability Corporation accumulated 155,931 shares. California-based Advisor Partners Limited Liability has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Miracle Mile Advsrs Ltd Llc holds 0.01% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 27,100 shares.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on August, 2. They expect $0.13 EPS, down 27.78% or $0.05 from last year’s $0.18 per share. CHK’s profit will be $116.68 million for 9.52 P/E if the $0.13 EPS becomes a reality. After $0.34 actual EPS reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -61.76% negative EPS growth.

Investors sentiment increased to 0.9 in 2018 Q1. Its up 0.11, from 0.79 in 2017Q4. It increased, as 73 investors sold McKesson Corporation shares while 263 reduced holdings. 73 funds opened positions while 230 raised stakes. 178.18 million shares or 0.22% more from 177.79 million shares in 2017Q4 were reported. Massachusetts-based Bright Rock Cap Mgmt Limited Company has invested 1.31% in McKesson Corporation (NYSE:MCK). Tiaa Cref Invest Mgmt Ltd Liability reported 0.08% in McKesson Corporation (NYSE:MCK). Quantres Asset Management stated it has 0.45% in McKesson Corporation (NYSE:MCK). Employees Retirement System Of Texas holds 0.05% or 27,400 shares. Comml Bank Of Montreal Can holds 0.03% in McKesson Corporation (NYSE:MCK) or 210,311 shares. 2,400 were reported by Highvista Strategies Llc. Trustmark Bancorp Tru Department has invested 0.02% of its portfolio in McKesson Corporation (NYSE:MCK). Argent Trust invested 0.13% of its portfolio in McKesson Corporation (NYSE:MCK). Moreover, First Foundation has 0.01% invested in McKesson Corporation (NYSE:MCK). 91,304 are owned by Hgk Asset Mgmt. Fulton National Bank Na accumulated 6,316 shares or 0.06% of the stock. Exxonmobil Inv Mngmt Inc Tx holds 0.13% or 31,588 shares. Texas-based South Texas Money has invested 0.01% in McKesson Corporation (NYSE:MCK). Tocqueville Asset Mgmt L P owns 41,010 shares. Stanley Capital Mgmt Lc holds 3.54% or 55,600 shares in its portfolio.

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. The company has market cap of $29.37 billion. The firm operates in two divisions, McKesson Distribution Solutions and McKesson Technology Solutions. It has a 6.39 P/E ratio. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs, and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community oncology and other specialty practices.

More news for McKesson Corporation (NYSE:MCK) were recently published by: Bizjournals.com, which released: “Pharmaceutical distributor to lay off 126 workers” on June 04, 2018. Seekingalpha.com‘s article titled: “McKesson Corporation 2018 Q4 – Results – Earnings Call Slides” and published on May 25, 2018 is yet another important article.

The stock decreased 0.02% or $0.03 during the last trading session, reaching $145.34. About 117,555 shares traded. McKesson Corporation (NYSE:MCK) has declined 10.19% since June 11, 2017 and is downtrending. It has underperformed by 22.76% the S&P500. Some Historical MCK News: ; 27/03/2018 – LexisNexis Risk Solutions Provider Data MasterFile™ Integrates with McKesson Pharmacy Systems; 24/05/2018 – McKesson 4Q Loss $1.15B; 16/04/2018 – McKesson Closes Above 50-Day Moving Average: Technicals; 15/05/2018 – CALIFORNIA JUDGE ALLOWS CLAIMS OVER MCKESSON EXECUTIVE PAY; 25/04/2018 – MCKESSON CORP – SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE MEDICAL SPECIALTIES DISTRIBUTORS IN DEAL VALUED AT $800 MLN; 26/03/2018 – McKesson Corp Redeems 7.5% Notes Due 2019; 22/03/2018 – McKesson Corp. CDS Widens 5 Bps; 20/04/2018 – McKesson: Committee Makes Recommendations to Further Strengthen Compliance Framework; 30/04/2018 – McKesson Board of Directors Elects Brad Lerman as New Independent Director; 25/04/2018 – McKesson Sees 2019 Adj EPS $13-Adj EPS $13.80

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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