Merck & Co Ord (Prn) (MRK) Holder Canal Insurance Company Boosted Stake by $3.92 Million; Newfield Expl Co (NFX) Shareholder Rothschild Asset Management Has Raised Position

May 24, 2018 - By Louis Casey

Merck & Co., Inc. (NYSE:MRK) Logo

Canal Insurance Company increased its stake in Merck & Co Ord (Prn) (MRK) by 175% based on its latest 2017Q4 regulatory filing with the SEC. Canal Insurance Company bought 70,000 shares as the company’s stock declined 4.63% with the market. The institutional investor held 110,000 shares of the health care company at the end of 2017Q4, valued at $6.19 million, up from 40,000 at the end of the previous reported quarter. Canal Insurance Company who had been investing in Merck & Co Ord (Prn) for a number of months, seems to be bullish on the $158.81B market cap company. The stock decreased 0.24% or $0.14 during the last trading session, reaching $59.03. About 4.44 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since May 24, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Rothschild Asset Management Inc increased its stake in Newfield Expl Co (NFX) by 1620.59% based on its latest 2017Q4 regulatory filing with the SEC. Rothschild Asset Management Inc bought 426,765 shares as the company’s stock declined 24.76% with the market. The institutional investor held 453,099 shares of the oil & gas production company at the end of 2017Q4, valued at $14.29M, up from 26,334 at the end of the previous reported quarter. Rothschild Asset Management Inc who had been investing in Newfield Expl Co for a number of months, seems to be bullish on the $5.80B market cap company. The stock decreased 0.34% or $0.1 during the last trading session, reaching $29.33. About 1.87M shares traded. Newfield Exploration Company (NYSE:NFX) has declined 31.29% since May 24, 2017 and is downtrending. It has underperformed by 42.84% the S&P500.

Among 38 analysts covering Newfield Exploration Co. (NYSE:NFX), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Newfield Exploration Co. had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Monday, September 14. The stock of Newfield Exploration Company (NYSE:NFX) has “Buy” rating given on Tuesday, May 30 by Goldman Sachs. On Thursday, May 10 the stock rating was downgraded by Tudor Pickering to “Hold”. Barclays Capital maintained the stock with “Overweight” rating in Friday, June 24 report. Piper Jaffray maintained Newfield Exploration Company (NYSE:NFX) on Tuesday, January 9 with “Buy” rating. The stock of Newfield Exploration Company (NYSE:NFX) has “Buy” rating given on Friday, July 21 by Citigroup. On Tuesday, September 5 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Newfield Exploration Company (NYSE:NFX) earned “Neutral” rating by JP Morgan on Friday, December 15. Imperial Capital initiated Newfield Exploration Company (NYSE:NFX) on Thursday, January 21 with “Outperform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 5 report.

Since January 2, 2018, it had 2 buys, and 2 insider sales for $520,152 activity. Shares for $382,080 were sold by Boothby Lee K on Tuesday, January 2. RICKS THOMAS G bought $196,160 worth of Newfield Exploration Company (NYSE:NFX) on Thursday, March 1.

Rothschild Asset Management Inc, which manages about $4.79B and $9.48 billion US Long portfolio, decreased its stake in Moelis & Co (NYSE:MC) by 16,928 shares to 318,294 shares, valued at $15.44M in 2017Q4, according to the filing. It also reduced its holding in Danaher Corp Del (NYSE:DHR) by 15,196 shares in the quarter, leaving it with 516,893 shares, and cut its stake in Abm Inds Inc (NYSE:ABM).

More news for Newfield Exploration Company (NYSE:NFX) were recently published by: Seekingalpha.com, which released: “Newfield Exploration, Parsley Energy, WPX upped to Buy at Seaport Global” on May 23, 2018. Benzinga.com‘s article titled: “4 Stocks That Appear To Have Just Started Downtrends” and published on May 07, 2018 is yet another important article.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.08, from 1.09 in 2017Q3. It fall, as 35 investors sold NFX shares while 137 reduced holdings. 61 funds opened positions while 112 raised stakes. 195.97 million shares or 0.04% more from 195.89 million shares in 2017Q3 were reported. Prelude Cap Ltd Co stated it has 36,327 shares or 0.09% of all its holdings. Waratah Cap Advisors has 0.12% invested in Newfield Exploration Company (NYSE:NFX). Ls Investment Advisors Limited Liability Co owns 0.02% invested in Newfield Exploration Company (NYSE:NFX) for 10,234 shares. Reinhart Prtnrs Incorporated accumulated 759,808 shares. Goldman Sachs Grp Inc Inc invested 0.02% in Newfield Exploration Company (NYSE:NFX). Waverton Inv, United Kingdom-based fund reported 15,668 shares. Td Asset Inc has 0% invested in Newfield Exploration Company (NYSE:NFX). Fayez Sarofim holds 0.02% or 121,375 shares in its portfolio. 99,964 are held by Peak6 Invests Ltd Partnership. Engineers Gate Manager LP has invested 0.03% in Newfield Exploration Company (NYSE:NFX). World Asset Mgmt invested 0.02% of its portfolio in Newfield Exploration Company (NYSE:NFX). 833,416 were accumulated by Wells Fargo And Com Mn. Smith Asset Mngmt Gp LP accumulated 1,429 shares or 0% of the stock. Bbva Compass Financial Bank Inc holds 0.04% in Newfield Exploration Company (NYSE:NFX) or 19,067 shares. Tower Rech Limited Company (Trc) reported 0% in Newfield Exploration Company (NYSE:NFX).

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 90 analyst reports since August 13, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, December 1 by Barclays Capital. The firm has “Buy” rating by BMO Capital Markets given on Friday, July 28. The firm has “Sell” rating given on Friday, October 20 by Jefferies. The firm has “Buy” rating given on Wednesday, July 19 by BMO Capital Markets. As per Tuesday, January 16, the company rating was maintained by Jefferies. Guggenheim upgraded the stock to “Buy” rating in Thursday, January 12 report. The rating was downgraded by Jefferies to “Underperform” on Monday, December 19. As per Monday, September 21, the company rating was maintained by JP Morgan. The firm has “Hold” rating given on Tuesday, October 31 by Jefferies. The firm earned “Outperform” rating on Thursday, October 12 by BMO Capital Markets.

More notable recent Merck & Co., Inc. (NYSE:MRK) news were published by: Livetradingnews.com which released: “Merck & Co., Inc. (NYSE:MRK) Trending Upwards” on May 18, 2018, also 247Wallst.com with their article: “What to Look For in the Merck and Pfizer Reports Tuesday Morning” published on April 30, 2018, Forbes.com published: “Competitive Pressure And Lower Demand Will Likely Weigh On Merck’s Anti-Infective Drug Portfolio” on May 22, 2018. More interesting news about Merck & Co., Inc. (NYSE:MRK) were released by: Seekingalpha.com and their article: “New Ebola outbreak hits Congo” published on May 13, 2018 as well as Bizjournals.com‘s news article titled: “Why Big Pharma is finally discovering the Bay Area” with publication date: May 23, 2018.

Canal Insurance Company, which manages about $280.89M US Long portfolio, decreased its stake in United Technologies Ord (NYSE:UTX) by 4,150 shares to 75,000 shares, valued at $9.57M in 2017Q4, according to the filing. It also reduced its holding in Microsoft Ord (NASDAQ:MSFT) by 8,000 shares in the quarter, leaving it with 132,000 shares, and cut its stake in Garmin Ord (NASDAQ:GRMN).

Merck & Co., Inc. (NYSE:MRK) Institutional Positions Chart

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