Patterson Uti Energy (PTEN) Holder Oceanic Investment Management LTD Has Lowered Its Stake by $4.54 Million as Market Value Declined; Integral Derivatives Position in Pg (Put) (PG) Has Decreased by $7.21 Million

April 17, 2018 - By Vivian Currie

The Procter & Gamble Company (NYSE:PG) Logo

Oceanic Investment Management Ltd decreased its stake in Patterson Uti Energy Inc (PTEN) by 54.37% based on its latest 2017Q4 regulatory filing with the SEC. Oceanic Investment Management Ltd sold 197,251 shares as the company’s stock declined 22.71% with the market. The hedge fund held 165,524 shares of the energy company at the end of 2017Q4, valued at $3.81M, down from 362,775 at the end of the previous reported quarter. Oceanic Investment Management Ltd who had been investing in Patterson Uti Energy Inc for a number of months, seems to be less bullish one the $4.44B market cap company. The stock increased 0.45% or $0.09 during the last trading session, reaching $20.1. About 1.19 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since April 17, 2017 and is downtrending. It has underperformed by 35.83% the S&P500.

Integral Derivatives Llc decreased its stake in Pg (Put) (PG) by 92.96% based on its latest 2017Q4 regulatory filing with the SEC. Integral Derivatives Llc sold 79,200 shares as the company’s stock declined 15.56% with the market. The institutional investor held 6,000 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $551,000, down from 85,200 at the end of the previous reported quarter. Integral Derivatives Llc who had been investing in Pg (Put) for a number of months, seems to be less bullish one the $197.58 billion market cap company. The stock decreased 0.30% or $0.2352 during the last trading session, reaching $78.3748. About 4.31 million shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.03% since April 17, 2017 and is downtrending. It has underperformed by 25.58% the S&P500.

Since November 15, 2017, it had 0 insider purchases, and 7 insider sales for $6.85 million activity. Shares for $1.93M were sold by Fish Kathleen B on Thursday, February 15. $739,189 worth of The Procter & Gamble Company (NYSE:PG) was sold by Posada Juan Fernando. The insider FergusonMchugh MaryLynn sold 2,353 shares worth $184,924. 37,776 shares were sold by Schomburger Jeffrey K, worth $3.07 million. Pritchard Marc S. sold $668,179 worth of stock or 8,502 shares.

Integral Derivatives Llc, which manages about $5.09B US Long portfolio, upped its stake in Cmg (Put) (NYSE:CMG) by 3,800 shares to 17,400 shares, valued at $5.03 million in 2017Q4, according to the filing. It also increased its holding in Xlv (Put) (XLV) by 4,100 shares in the quarter, for a total of 26,200 shares, and has risen its stake in Luv (Call) (NYSE:LUV).

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on April, 20 before the open. They expect $0.99 EPS, up 3.13% or $0.03 from last year’s $0.96 per share. PG’s profit will be $2.50 billion for 19.79 P/E if the $0.99 EPS becomes a reality. After $1.19 actual EPS reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts -16.81% negative EPS growth.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.07, from 0.82 in 2017Q3. It improved, as 64 investors sold PG shares while 740 reduced holdings. 118 funds opened positions while 594 raised stakes. 1.47 billion shares or 1.61% less from 1.50 billion shares in 2017Q3 were reported. Wealth Enhancement Advisory Ltd invested in 54,473 shares or 0.35% of the stock. Private Com Na has 62,118 shares. Armstrong Henry H Assoc invested 7.27% in The Procter & Gamble Company (NYSE:PG). Notis accumulated 60,761 shares or 3.21% of the stock. Greatmark Investment Inc owns 0.57% invested in The Procter & Gamble Company (NYSE:PG) for 17,223 shares. Birch Hill Inv Advisors Lc has 42,696 shares for 0.32% of their portfolio. Princeton Portfolio Strategies, a New Jersey-based fund reported 26,873 shares. Shoker Counsel reported 2.95% stake. Ycg Ltd Liability owns 4.63% invested in The Procter & Gamble Company (NYSE:PG) for 206,842 shares. 989,375 are owned by Coho Ptnrs Limited. M Securities Inc invested in 43,161 shares. Engines Advsrs Ltd Liability Com has 2,271 shares. Naples Global Limited Com holds 1.86% or 68,594 shares in its portfolio. Sfmg Ltd reported 3,295 shares. Boys Arnold Communication has 1.29% invested in The Procter & Gamble Company (NYSE:PG) for 93,623 shares.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 12 Hold. Therefore 48% are positive. Proctor & Gamble had 81 analyst reports since August 4, 2015 according to SRatingsIntel. UBS maintained the shares of PG in report on Wednesday, January 27 with “Neutral” rating. The firm has “Hold” rating by Deutsche Bank given on Tuesday, December 13. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Jefferies on Tuesday, May 30. On Tuesday, January 19 the stock rating was upgraded by Stifel Nicolaus to “Buy”. Jefferies maintained the stock with “Buy” rating in Tuesday, October 17 report. SunTrust maintained The Procter & Gamble Company (NYSE:PG) on Tuesday, January 23 with “Hold” rating. The rating was maintained by Jefferies on Thursday, August 17 with “Buy”. The firm has “Outperform” rating given on Wednesday, October 26 by CLSA. The stock has “Sell” rating by Goldman Sachs on Monday, January 9. The stock has “Neutral” rating by Citigroup on Tuesday, November 17.

Since March 13, 2018, it had 0 insider purchases, and 1 sale for $194,600 activity.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report earnings on April, 26 before the open. They expect $-0.09 earnings per share, up 78.57% or $0.33 from last year’s $-0.42 per share. After $-0.10 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -10.00% EPS growth.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 23 have Buy rating, 0 Sell and 8 Hold. Therefore 74% are positive. Patterson-UTI Energy Inc had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Monday, January 15. As per Friday, February 9, the company rating was maintained by Cowen & Co. Cowen & Co maintained the stock with “Outperform” rating in Friday, October 23 report. As per Friday, February 9, the company rating was maintained by Deutsche Bank. Cowen & Co maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Friday, October 27. Cowen & Co has “Hold” rating and $20.0 target. As per Tuesday, June 6, the company rating was maintained by Evercore. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, January 4. The stock has “Sector Perform” rating by Howard Weil on Monday, March 28. The firm earned “Buy” rating on Wednesday, September 14 by Gabelli. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Neutral” rating given on Wednesday, June 21 by Seaport Global.

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.03, from 1.41 in 2017Q3. It fall, as 20 investors sold PTEN shares while 84 reduced holdings. 49 funds opened positions while 94 raised stakes. 212.21 million shares or 2.46% more from 207.11 million shares in 2017Q3 were reported. Sterling Mgmt Ltd reported 53,177 shares. Ww Asset Mgmt has invested 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Jennison Limited Liability Corp owns 4.68M shares for 0.11% of their portfolio. Bokf Na owns 97,108 shares. Bnp Paribas Arbitrage Sa reported 62,092 shares. First Pacific Limited Liability Company reported 0.3% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Credit Suisse Ag holds 266,006 shares. Moreover, Sir Capital Limited Partnership has 2.69% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 529,944 shares. Putnam Investments holds 146,292 shares. Tower Research Limited Liability Company (Trc) holds 0.03% or 8,444 shares. Manufacturers Life Insurance The stated it has 607,799 shares or 0.02% of all its holdings. Earnest Limited Liability reported 208 shares. Citigroup accumulated 0.01% or 440,220 shares. Pacad Invest Limited stated it has 0.1% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). State Treasurer State Of Michigan stated it has 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN).

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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