Doheny Asset Management Raised Holding in Phillips 66 (PSX) by $681,750 as Valuation Declined; Icahn Carl C Lifted Stake in Icahn Enterprises LP (IEP) by $229.47 Million as Market Valuation Rose

May 21, 2018 - By Marguerite Chambers

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

Doheny Asset Management increased its stake in Phillips 66 (PSX) by 22.22% based on its latest 2017Q4 regulatory filing with the SEC. Doheny Asset Management bought 6,750 shares as the company’s stock declined 5.13% with the market. The institutional investor held 37,132 shares of the integrated oil company at the end of 2017Q4, valued at $3.76M, up from 30,382 at the end of the previous reported quarter. Doheny Asset Management who had been investing in Phillips 66 for a number of months, seems to be bullish on the $56.46 billion market cap company. The stock increased 0.73% or $0.875 during the last trading session, reaching $121.205. About 1.21 million shares traded. Phillips 66 (NYSE:PSX) has risen 23.90% since May 21, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

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 4.41 million 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 $12.35 billion market cap company. The stock increased 1.81% or $1.23 during the last trading session, reaching $69.32. About 102,810 shares traded. Icahn Enterprises L.P. (NASDAQ:IEP) has risen 11.77% since May 21, 2017 and is uptrending. It has outperformed by 0.22% 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. Wells Fargo & Co Mn owns 62,607 shares. Ipg Invest Advisors Lc has 0.1% invested in Icahn Enterprises L.P. (NASDAQ:IEP). Grp Inc One Trading Limited Partnership owns 28,949 shares for 0.01% of their portfolio. Deutsche Commercial Bank Ag reported 203,233 shares stake. Glob X Management Ltd Limited Liability Company stated it has 2,745 shares. Susquehanna Group Inc Limited Liability Partnership holds 101,035 shares or 0% of its portfolio. Pnc Service Group Inc holds 13,302 shares. Us Bank & Trust De holds 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP) for 695 shares. Qci Asset Inc Ny invested in 150 shares or 0% of the stock. Peak6 Investments Ltd Partnership holds 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP) for 6,259 shares. 101,799 were reported by Geode Cap Mngmt Limited Liability. Icahn Carl C reported 157.90M shares or 36.93% of all its holdings. Glenmede Trust Na reported 800 shares. Moors & Cabot stated it has 8,610 shares. Guggenheim Capital Ltd holds 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP) for 13,432 shares.

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 Wednesday, November 8. The company was maintained on Friday, November 3 by Jefferies. The firm has “Sell” rating by UBS given on Tuesday, March 6. The company was downgraded on Thursday, August 18 by UBS.

More notable recent Icahn Enterprises L.P. (NASDAQ:IEP) news were published by: Nasdaq.com which released: “Is Eldorado Resorts Expanding Too Fast?” on April 23, 2018, also Benzinga.com with their article: “Jim Cramer Advises His Viewers On Consolidated Edison, L Brands And More” published on May 16, 2018, Globenewswire.com published: “Icahn Enterprises LP Reports First Quarter 2018 Financial Results” on May 03, 2018. More interesting news about Icahn Enterprises L.P. (NASDAQ:IEP) were released by: Streetinsider.com and their article: “Carl Icahn Confirms Stake in Newell Rubbermaid (NWL) (more…) – 13F” published on May 15, 2018 as well as Nasdaq.com‘s news article titled: “Despite Surviving Short Attack, Herbalife Ltd. Stock Is Still Overvalued” with publication date: April 26, 2018.

Among 20 analysts covering Phillips 66 (NYSE:PSX), 9 have Buy rating, 2 Sell and 9 Hold. Therefore 45% are positive. Phillips 66 had 81 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Monday, November 2 by RBC Capital Markets. The firm has “Neutral” rating by UBS given on Wednesday, November 15. The firm has “Outperform” rating by Oppenheimer given on Friday, September 18. The stock of Phillips 66 (NYSE:PSX) earned “Hold” rating by Citigroup on Wednesday, April 20. The firm earned “Outperform” rating on Tuesday, January 26 by Credit Suisse. The firm has “Equal-Weight” rating given on Monday, October 10 by . The stock has “Hold” rating by RBC Capital Markets on Thursday, September 14. Goldman Sachs upgraded the shares of PSX in report on Monday, December 18 to “Buy” rating. JP Morgan maintained Phillips 66 (NYSE:PSX) on Monday, April 9 with “Neutral” rating. The firm has “Buy” rating by Goldman Sachs given on Tuesday, October 3.

Doheny Asset Management, which manages about $245.55 million and $214.55 million US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 2,250 shares to 41,823 shares, valued at $5.84 million in 2017Q4, according to the filing. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 11,392 shares in the quarter, leaving it with 5,200 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

Investors sentiment increased to 1.01 in Q4 2017. Its up 0.09, from 0.92 in 2017Q3. It is positive, as 34 investors sold PSX shares while 372 reduced holdings. 125 funds opened positions while 284 raised stakes. 351.44 million shares or 0.51% less from 353.24 million shares in 2017Q3 were reported. Tokio Marine Asset Mngmt reported 2,567 shares. Amer Fincl Bank owns 320 shares for 0.01% of their portfolio. Keybank Association Oh holds 0.24% or 412,507 shares. Nomura has 43,878 shares for 0.01% of their portfolio. The Alabama-based Associated Banc has invested 0.7% in Phillips 66 (NYSE:PSX). 44,627 were accumulated by Chilton Invest Company Ltd Llc. Usca Ria Ltd Liability Corp holds 32,158 shares or 0.36% of its portfolio. Amarillo Bank, Texas-based fund reported 2,171 shares. Wealthcare Cap Mngmt Lc accumulated 0% or 200 shares. Georgia-based Asset Advisors Corp has invested 0.57% in Phillips 66 (NYSE:PSX). Crestpoint Capital Management Lc has invested 0.68% in Phillips 66 (NYSE:PSX). Enterprise Service Corp has invested 0.06% of its portfolio in Phillips 66 (NYSE:PSX). State Of Tennessee Treasury Department accumulated 0.06% or 142,403 shares. Cypress Cap Lc (Wy) has 0.1% invested in Phillips 66 (NYSE:PSX) for 900 shares. Warren Averett Asset Mngmt Ltd Liability Corp has 117 shares for 0% of their portfolio.

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

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