As Ppg Industries (PPG) Share Value Declined, Holder Petroleum & Resources Cut by $1.30 Million Its Position; Samson Capital Management Holding in Enterprise Prods Partners L (EPD) Has Lowered by $498,472 as Stock Declined

May 21, 2018 - By Louis Casey

PPG Industries, Inc. (NYSE:PPG) Logo

Petroleum & Resources Corp decreased its stake in Ppg Industries Inc. (PPG) by 9.77% based on its latest 2017Q4 regulatory filing with the SEC. Petroleum & Resources Corp sold 11,200 shares as the company’s stock declined 3.68% with the market. The institutional investor held 103,400 shares of the basic industries company at the end of 2017Q4, valued at $12.08 million, down from 114,600 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Ppg Industries Inc. for a number of months, seems to be less bullish one the $26.25B market cap company. The stock increased 0.32% or $0.335 during the last trading session, reaching $105.285. About 87,106 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since May 21, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

Samson Capital Management Llc decreased its stake in Enterprise Prods Partners L (EPD) by 3.58% based on its latest 2017Q4 regulatory filing with the SEC. Samson Capital Management Llc sold 19,172 shares as the company’s stock declined 8.22% with the market. The institutional investor held 516,088 shares of the natural gas distribution company at the end of 2017Q4, valued at $13.68 million, down from 535,260 at the end of the previous reported quarter. Samson Capital Management Llc who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $61.40 billion market cap company. The stock increased 0.86% or $0.24 during the last trading session, reaching $28.26. About 341,513 shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 10.03% since May 21, 2017 and is downtrending. It has underperformed by 21.58% the S&P500.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on August, 2. They expect $0.38 EPS, up 26.67% or $0.08 from last year’s $0.3 per share. EPD’s profit will be $825.61 million for 18.59 P/E if the $0.38 EPS becomes a reality. After $0.39 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.15, from 1 in 2017Q3. It fall, as 60 investors sold EPD shares while 283 reduced holdings. 73 funds opened positions while 219 raised stakes. 750.14 million shares or 4.26% less from 783.53 million shares in 2017Q3 were reported. 93,260 were reported by Cullen Frost Bankers. Garrison Bradford & Associate Inc has invested 2.94% in Enterprise Products Partners L.P. (NYSE:EPD). Arcadia Investment Mngmt Mi has invested 0.35% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). 282,764 are held by Salem Inv Counselors. Apriem Advisors invested in 12,499 shares or 0.08% of the stock. Vaughan Nelson Management LP holds 199,475 shares. Security National Co stated it has 0.1% in Enterprise Products Partners L.P. (NYSE:EPD). Advsr Capital Management Limited Liability Corporation holds 0.17% or 82,609 shares. 10,153 were accumulated by Focused Wealth Mgmt. Welch Grp Incorporated owns 43,158 shares for 0.18% of their portfolio. Shikiar Asset Management Inc owns 8,500 shares for 0.11% of their portfolio. Dynamic Advsr Solutions Llc holds 0.25% in Enterprise Products Partners L.P. (NYSE:EPD) or 29,084 shares. Cabot stated it has 4.41% in Enterprise Products Partners L.P. (NYSE:EPD). Da Davidson invested 0.17% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Tennessee-based Td Capital Ltd Liability Corp has invested 0% in Enterprise Products Partners L.P. (NYSE:EPD).

Among 27 analysts covering Enterprise Products Partners LP (NYSE:EPD), 27 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enterprise Products Partners LP had 60 analyst reports since July 23, 2015 according to SRatingsIntel. UBS maintained the stock with “Buy” rating in Friday, March 2 report. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Strong-Buy” rating given on Monday, August 31 by Vetr. The firm has “Overweight” rating given on Wednesday, January 20 by Morgan Stanley. The company was maintained on Tuesday, July 11 by BMO Capital Markets. BMO Capital Markets maintained Enterprise Products Partners L.P. (NYSE:EPD) on Monday, June 5 with “Buy” rating. The firm earned “Overweight” rating on Tuesday, May 1 by Barclays Capital. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Buy” rating given on Thursday, July 13 by Stifel Nicolaus. The firm has “Buy” rating by Citigroup given on Tuesday, April 19. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Buy” rating by Stifel Nicolaus on Wednesday, January 31. The rating was maintained by Wunderlich on Wednesday, August 31 with “Buy”.

More recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Seekingalpha.com which released: “This Dividend Achiever With A 6.4% Yield Just Posted Record Earnings, Stellar Growth Ahead” on May 15, 2018. Also Seekingalpha.com published the news titled: “Way To Go, Enterprise Products Partners” on May 02, 2018. Investorplace.com‘s news article titled: “5 MLPs That Should Crush the Market in 2018” with publication date: May 17, 2018 was also an interesting one.

Since March 7, 2018, it had 2 insider purchases, and 0 selling transactions for $1.10 million activity.

Petroleum & Resources Corp, which manages about $667.73 million US Long portfolio, upped its stake in Cheniere Energy Inc. (NYSEMKT:LNG) by 45,500 shares to 131,800 shares, valued at $7.10M in 2017Q4, according to the filing. It also increased its holding in Air Products And Chemicals Inc. (NYSE:APD) by 47,500 shares in the quarter, for a total of 73,800 shares, and has risen its stake in Diamondback Energy Inc. (NASDAQ:FANG).

Among 26 analysts covering PPG Industries (NYSE:PPG), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. PPG Industries had 81 analyst reports since September 6, 2015 according to SRatingsIntel. As per Friday, January 19, the company rating was maintained by Northcoast. Deutsche Bank maintained PPG Industries, Inc. (NYSE:PPG) on Sunday, September 6 with “Buy” rating. The rating was initiated by BMO Capital Markets with “Hold” on Tuesday, March 27. The firm earned “Hold” rating on Tuesday, October 25 by Argus Research. On Tuesday, December 13 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) rating on Tuesday, May 30. RBC Capital Markets has “Hold” rating and $10900 target. The firm has “Overweight” rating given on Wednesday, April 25 by JP Morgan. As per Wednesday, January 17, the company rating was downgraded by Atlantic Securities. The firm earned “Buy” rating on Monday, May 29 by Jefferies. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Buy” rating by Deutsche Bank on Tuesday, March 20.

Since February 22, 2018, it had 0 insider buys, and 1 insider sale for $1.10 million activity.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Prnewswire.com which released: “PPG Industries (PPG) Investigated by Block & Leviton LLP For Violations of The Federal Securities Laws” on May 14, 2018, also Seekingalpha.com with their article: “PPG Industries fires controller following probe into accounting procedures” published on May 10, 2018, Prnewswire.com published: “Hagens Berman Alerts Investors in PPG Industries, Inc. (PPG) to the Firm’s Investigation of Admitted Improper Accounting” on May 14, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of PPG Industries, Inc. (PPG)” published on May 15, 2018 as well as Bizjournals.com‘s news article titled: “PPG fires controller, continues internal probe of accounting errors” with publication date: May 11, 2018.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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