Seatown Holdings Cut Applied Matls (AMAT) Stake; Last Week Tullow Oil plc (LON:TLW) Analysts

June 24, 2018 - By wolcottdaily

Tullow Oil plc (LON:TLW) Logo

Seatown Holdings decreased Applied Matls Inc (AMAT) stake by 79.35% reported in 2018Q1 SEC filing. Seatown Holdings sold 705,000 shares as Applied Matls Inc (AMAT)’s stock declined 13.54%. The Seatown Holdings holds 183,500 shares with $10.20M value, down from 888,500 last quarter. Applied Matls Inc now has $48.35 billion valuation. The stock decreased 2.10% or $1.03 during the last trading session, reaching $47.96. About 11.09M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 24, 2017 and is uptrending. It has outperformed by 0.38% the S&P500. Some Historical AMAT News: 17/05/2018 – Applied Materials Sees 3Q Adj EPS $1.13-Adj EPS $1.21; 17/05/2018 – Applied Materials 2Q Adj EPS $1.22; 17/05/2018 – Applied Materials Predicts Sales Short of Rally’s Expectations; 17/05/2018 – APPLIED MATERIALS CEO SPEAKING ON CONFERENCE CALL; 19/04/2018 – Applied Materials Closes Below 200-Day Average: Technicals; 15/05/2018 – APPALOOSA ADDED LRCX, WFC, UBS, AMAT, KNX IN 1Q: 13F; 26/04/2018 – APPLIED MATERIALS INC CEO LISA SU SAYS BLOCKCHAIN IS A GOOD TECHNOLOGY BUT IS A DISTRACTION IN THE SHORT TERM – CNBC; 17/05/2018 – Applied Materials 2Q Net $1.13B; 07/03/2018 Applied Materials Receives Intel’s Preferred Quality Supplier Award; 17/05/2018 – Chip gear maker Applied Materials reports 29 pct rise in revenue

Among 35 analysts covering Tullow Oil PLC (LON:TLW), 17 have Buy rating, 4 Sell and 14 Hold. Therefore 49% are positive. Tullow Oil PLC had 374 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, July 28. The firm has “Sell” rating given on Wednesday, February 8 by Cantor Fitzgerald. On Thursday, November 12 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Barclays Capital on Tuesday, January 12 with “Overweight”. AlphaValue maintained Tullow Oil plc (LON:TLW) rating on Wednesday, January 11. AlphaValue has “Reduce” rating and GBX 318 target. Barclays Capital maintained Tullow Oil plc (LON:TLW) on Tuesday, October 20 with “Overweight” rating. Deutsche Bank maintained Tullow Oil plc (LON:TLW) rating on Thursday, July 7. Deutsche Bank has “Hold” rating and GBX 270 target. The stock of Tullow Oil plc (LON:TLW) has “Outperform” rating given on Tuesday, September 19 by Credit Suisse. As per Wednesday, November 9, the company rating was maintained by Davy Research. Nomura maintained it with “Reduce” rating and GBX 170 target in Friday, September 25 report. See Tullow Oil plc (LON:TLW) latest ratings:

12/06/2018 Broker: Jefferies Rating: Hold Old Target: GBX 180.00 New Target: GBX 254.00 Maintain
23/05/2018 Broker: BNP Paribas Rating: Outperform Old Target: GBX 250.00 New Target: GBX 350.00 Maintain
17/05/2018 Broker: Goldman Sachs Rating: Buy New Target: GBX 260.60 Upgrade
01/05/2018 Broker: RBC Capital Markets Rating: Sector Performer New Target: GBX 230.00 Upgrade
26/04/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 260.00 New Target: GBX 260.00 Maintain
05/04/2018 Broker: BNP Paribas Rating: Outperform Old Target: GBX 260.00 New Target: GBX 250.00 Maintain
28/03/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 230.00 New Target: GBX 230.00 Maintain
13/03/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 230.00 New Target: GBX 230.00 Maintain
06/03/2018 Broker: Deutsche Bank Rating: Hold Old Target: GBX 235.00 New Target: GBX 210.00 Maintain
27/02/2018 Broker: Credit Suisse Rating: Outperform New Target: GBX 230.00 Maintain

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. The company has market cap of 3.29 billion GBP. The firm operates through West Africa, East Africa, and New Ventures divisions. It currently has negative earnings. The Company’s portfolio comprises approximately 100 licenses covering 253,034 square kilometers in 18 countries.

The stock increased 4.14% or GBX 9.4 during the last trading session, reaching GBX 236.7. About 17.34M shares traded or 59.17% up from the average. Tullow Oil plc (LON:TLW) has 0.00% since June 24, 2017 and is . It has underperformed by 12.57% the S&P500.

Seatown Holdings increased Netflix Inc (NASDAQ:NFLX) stake by 31,349 shares to 33,000 valued at $9.75 million in 2018Q1. It also upped Sina Corp (NASDAQ:SINA) stake by 40,000 shares and now owns 55,085 shares. Icici Bk Ltd (NYSE:IBN) was raised too.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on August, 16. They expect $1.16 earnings per share, up 34.88% or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17B for 10.34 P/E if the $1.16 EPS becomes a reality. After $1.22 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92% negative EPS growth.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Seekingalpha.com which released: “Applied Materials Is Cheap But Not Undervalued” on June 20, 2018, also Globenewswire.com with their article: “Applied Materials Announces Cash Dividend” published on June 07, 2018, Seekingalpha.com published: “Applied Materials Looks Undervalued” on May 29, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Nasdaq.com and their article: “Applied Materials Breakthrough Accelerates Chip Performance in the Big Data and AI Era” published on June 05, 2018 as well as Seekingalpha.com‘s news article titled: “Applied Materials Has Been Overly Punished – Cramer’s Lightning Round (5/29/18)” with publication date: May 30, 2018.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. Applied Materials Inc. had 125 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, March 10 by Pacific Crest. The firm has “Buy” rating by Needham given on Thursday, October 19. Cowen & Co maintained it with “Outperform” rating and $21.50 target in Wednesday, November 11 report. The stock has “Hold” rating by Goldman Sachs on Friday, May 18. The firm earned “Buy” rating on Monday, September 18 by Craig Hallum. As per Thursday, August 11, the company rating was maintained by B. Riley & Co. On Thursday, August 6 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Buy” rating by Nomura on Friday, August 18. The firm has “Outperform” rating by Cowen & Co given on Friday, August 14. The firm has “Outperform” rating by BNP Paribas given on Thursday, March 31.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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