Heronetta Management LP Has Lifted Its Canadian Nat Res LTD (CNQ) Stake by $748,000 as Stock Value Declined; Qualcomm (QCOM) Share Value Declined While Clark Estates Has Trimmed Its Holding by $2.50 Million

April 22, 2018 - By Hazel Jackson

Canadian Natural Resources Limited (NYSE:CNQ) Logo

Heronetta Management Lp increased its stake in Canadian Nat Res Ltd (CNQ) by 50.75% based on its latest 2017Q4 regulatory filing with the SEC. Heronetta Management Lp bought 17,000 shares as the company’s stock declined 11.77% with the market. The institutional investor held 50,500 shares of the oil & gas production company at the end of 2017Q4, valued at $2.27 million, up from 33,500 at the end of the previous reported quarter. Heronetta Management Lp who had been investing in Canadian Nat Res Ltd for a number of months, seems to be bullish on the $41.60B market cap company. The stock decreased 2.11% or $0.76 during the last trading session, reaching $35.26. About 2.42M shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has declined 3.31% since April 22, 2017 and is downtrending. It has underperformed by 14.86% the S&P500.

Clark Estates Inc decreased its stake in Qualcomm Inc (QCOM) by 62.4% based on its latest 2017Q4 regulatory filing with the SEC. Clark Estates Inc sold 39,000 shares as the company’s stock declined 15.28% with the market. The institutional investor held 23,500 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $1.50M, down from 62,500 at the end of the previous reported quarter. Clark Estates Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $76.15 billion market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 22, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 earnings per share, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.20 million for 23.38 P/E if the $0.55 EPS becomes a reality. After $0.85 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 145 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by RBC Capital Markets on Tuesday, November 14. The stock has “Outperform” rating by Northland Capital on Friday, January 22. As per Friday, June 23, the company rating was maintained by Northland Capital. The firm has “Hold” rating given on Monday, November 13 by Bernstein. The stock has “Buy” rating by Brean Capital on Thursday, July 23. Nomura downgraded the stock to “Neutral” rating in Monday, January 23 report. Mizuho maintained the shares of QCOM in report on Wednesday, April 18 with “Buy” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Outperform” rating given on Thursday, July 23 by Oppenheimer. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, August 14 with “Buy” rating. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, November 1.

Since October 27, 2017, it had 0 buys, and 6 sales for $6.14 million activity. GROB MATTHEW S sold 43,000 shares worth $2.81M. THOMPSON JAMES H had sold 50,126 shares worth $3.14 million on Friday, March 9.

Clark Estates Inc, which manages about $605.49 million US Long portfolio, upped its stake in Omnicom Group Inc (NYSE:OMC) by 209,300 shares to 343,400 shares, valued at $25.01 million in 2017Q4, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 273,000 shares in the quarter, for a total of 875,000 shares, and has risen its stake in Glaxosmithkline Plc (NYSE:GSK).

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It is negative, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Exxonmobil Inv Mgmt Tx invested 0.41% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Boyd Watterson Asset Mngmt Limited Liability Company Oh holds 0.39% or 12,459 shares in its portfolio. State Teachers Retirement Sys reported 2.41M shares. Oakbrook Invs Ltd Llc holds 1.52% or 373,775 shares in its portfolio. Horrell Cap Mngmt holds 0.03% or 750 shares in its portfolio. Horan Capital Limited Liability Com holds 54,402 shares or 2.27% of its portfolio. 24,338 are held by Advisory Services Net Limited Liability Co. Marathon Trading Investment Ltd owns 23,170 shares for 0.04% of their portfolio. Baldwin Brothers Ma has 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 750 shares. Moreover, Btim has 0.02% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 21,515 shares. Fifth Third Bancorp holds 0.34% or 775,156 shares. Provise Management Gp Inc Limited Liability reported 4,380 shares or 0.04% of all its holdings. Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 224,689 shares stake. Viking Fund Management Ltd Liability Com has 0.65% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 62,000 shares. Narwhal Cap Management stated it has 0.75% in QUALCOMM Incorporated (NASDAQ:QCOM).

Among 15 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Canadian Natural Resources Limited had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Friday, April 1 by TD Securities. The stock of Canadian Natural Resources Limited (NYSE:CNQ) earned “Outperform” rating by Raymond James on Wednesday, September 9. The stock of Canadian Natural Resources Limited (NYSE:CNQ) has “” rating given on Friday, August 7 by Raymond James. The company was upgraded on Friday, August 5 by Macquarie Research. Morgan Stanley maintained Canadian Natural Resources Limited (NYSE:CNQ) on Monday, April 16 with “Overweight” rating. The rating was initiated by Bank of America on Friday, August 19 with “Buy”. Morgan Stanley downgraded Canadian Natural Resources Limited (NYSE:CNQ) on Tuesday, January 12 to “Equal-Weight” rating. Citigroup maintained it with “Buy” rating and $29 target in Thursday, April 7 report. Scotia Capital maintained Canadian Natural Resources Limited (NYSE:CNQ) rating on Friday, August 7. Scotia Capital has “Sector Outperform” rating and $21 target. Wells Fargo downgraded the shares of CNQ in report on Wednesday, February 7 to “Market Perform” rating.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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