Zimmer Partners LP Upped Its Orion Engineered Carbons S A (OEC) Holding by $47.54 Million; Icahn Carl C Increased Icahn Enterprises LP (IEP) Position by $229.47 Million

May 15, 2018 - By Richard Conner

Icahn Enterprises L.P. (NASDAQ:IEP) Logo

Carl Icahn increased its stake in Icahn Enterprises Lp (IEP) by 2.88% based on its latest 2017Q4 regulatory filing with the SEC. Icahn Carl C bought 4.41M shares as the company’s stock rose 7.33% while stock markets declined. The hedge fund run by Carl Icahn held 157.90M shares of the integrated oil company at the end of 2017Q4, valued at $8.37 billion, up from 153.49M at the end of the previous reported quarter. Icahn Carl C who had been investing in Icahn Enterprises Lp for a number of months, seems to be bullish on the $11.91B market cap company. The stock decreased 4.05% or $2.82 during the last trading session, reaching $66.82. About 204,061 shares traded or 66.54% up from the average. Icahn Enterprises L.P. (NASDAQ:IEP) has risen 11.77% since May 15, 2017 and is uptrending. It has outperformed by 0.22% the S&P500.

Stuart J. Zimmer increased its stake in Orion Engineered Carbons S A (OEC) by 508.98% based on its latest 2017Q4 regulatory filing with the SEC. Zimmer Partners Lp bought 1.90M shares as the company’s stock rose 4.44% while stock markets declined. The hedge fund run by Stuart J. Zimmer held 2.28M shares of the major chemicals company at the end of 2017Q4, valued at $58.24 million, up from 373,576 at the end of the previous reported quarter. Zimmer Partners Lp who had been investing in Orion Engineered Carbons S A for a number of months, seems to be bullish on the $1.64B market cap company. The stock increased 0.36% or $0.1 during the last trading session, reaching $27.5. About 292,354 shares traded. Orion Engineered Carbons, S.A. (NYSE:OEC) has risen 34.29% since May 15, 2017 and is uptrending. It has outperformed by 22.74% the S&P500.

Investors sentiment increased to 1.24 in Q4 2017. Its up 0.36, from 0.88 in 2017Q3. It increased, as 7 investors sold IEP shares while 18 reduced holdings. 11 funds opened positions while 20 raised stakes. 169.13 million shares or 2.85% more from 164.45 million shares in 2017Q3 were reported. 800 are held by Glenmede Tru Com Na. 9,200 were reported by Moody Bank & Trust Tru Division. Raymond James & Assocs owns 92,319 shares for 0.01% of their portfolio. Renaissance Technology Limited Liability Corp reported 95,015 shares. Lpl Limited Liability Co accumulated 9,883 shares. Focused Wealth Management invested in 100 shares or 0% of the stock. Citadel Advisors Lc holds 0% or 13,595 shares. American Registered Advisor has 0.27% invested in Icahn Enterprises L.P. (NASDAQ:IEP) for 10,700 shares. Cibc Asset Mngmt reported 5,478 shares. Hightower Advisors Ltd Liability Corporation accumulated 50,637 shares or 0.02% of the stock. Regions reported 0% stake. Deutsche Bancorporation Ag invested in 0.01% or 203,233 shares. 8,610 are held by Moors And Cabot Inc. Mckinley Cap Mngmt Ltd Liability Corp Delaware owns 28,237 shares. Glob X Co Limited Co invested in 0% or 2,745 shares.

More notable recent Icahn Enterprises L.P. (NASDAQ:IEP) news were published by: Bizjournals.com which released: “Xerox’s board remains in place as litigation continues” on May 04, 2018, also Bizjournals.com with their article: “Senators seek explanation for Icahn’s valuable EPA exemption” published on May 09, 2018, Nasdaq.com published: “Despite Surviving Short Attack, Herbalife Ltd. Stock Is Still Overvalued” on April 26, 2018. More interesting news about Icahn Enterprises L.P. (NASDAQ:IEP) were released by: Streetinsider.com and their article: “Icahn Enterprises LP (IEP) to Sell Tropicana Entertainment Inc. for $1.85 Billion” published on April 16, 2018 as well as Bizjournals.com‘s news article titled: “Icahn would consider a bid for Xerox if it were at $40 per share” with publication date: May 07, 2018.

Among 2 analysts covering Icahn Enterprises LP (NASDAQ:IEP), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Icahn Enterprises LP had 5 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Sell” rating by UBS on Thursday, August 18. The stock of Icahn Enterprises L.P. (NASDAQ:IEP) earned “Sell” rating by UBS on Tuesday, March 6. The firm has “Buy” rating given on Friday, November 3 by Jefferies. The firm has “Sell” rating by UBS given on Wednesday, November 8.

Among 11 analysts covering Orion Engineered Carbons (NYSE:OEC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Orion Engineered Carbons had 26 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, November 6 by J.P. Morgan. The firm has “Equal-Weight” rating given on Tuesday, November 7 by Barclays Capital. KeyBanc Capital Markets maintained it with “Buy” rating and $33 target in Monday, February 26 report. The firm has “Neutral” rating given on Friday, October 30 by UBS. The company was maintained on Friday, February 23 by UBS. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) has “Equal-Weight” rating given on Tuesday, December 29 by Barclays Capital. JP Morgan maintained the stock with “Overweight” rating in Monday, August 15 report. The rating was initiated by BB&T Capital on Friday, June 10 with “Buy”. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) earned “Neutral” rating by UBS on Friday, November 3. KeyBanc Capital Markets maintained Orion Engineered Carbons, S.A. (NYSE:OEC) rating on Tuesday, January 16. KeyBanc Capital Markets has “Buy” rating and $29.0 target.

Zimmer Partners Lp, which manages about $1.50B and $4.11B US Long portfolio, decreased its stake in Equinix Inc (NASDAQ:EQIX) by 82,435 shares to 393,665 shares, valued at $178.42 million in 2017Q4, according to the filing. It also reduced its holding in Eqt Midstream Partners Lp (NYSE:EQM) by 399,796 shares in the quarter, leaving it with 167,004 shares, and cut its stake in Interxion Holding N.V (NYSE:INXN).

Icahn Enterprises L.P. (NASDAQ:IEP) Institutional Positions Chart

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