Helmerich & Payne (HP) Shareholder Gibraltar Capital Management Has Increased Position; Pittenger & Anderson Increases Stake in Pepsico (PEP)

February 15, 2018 - By Henry Gaston

Pittenger & Anderson Inc increased its stake in Pepsico Inc (PEP) by 5.67% based on its latest 2017Q3 regulatory filing with the SEC. Pittenger & Anderson Inc bought 2,903 shares as the company’s stock rose 5.12% with the market. The institutional investor held 54,062 shares of the consumer non-durables company at the end of 2017Q3, valued at $6.02 million, up from 51,159 at the end of the previous reported quarter. Pittenger & Anderson Inc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $155.17B market cap company. The stock decreased 2.70% or $3.03 during the last trading session, reaching $109.11. About 7.70M shares traded or 93.31% up from the average. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since February 15, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Gibraltar Capital Management Inc increased its stake in Helmerich & Payne Inc (HP) by 141.17% based on its latest 2017Q3 regulatory filing with the SEC. Gibraltar Capital Management Inc bought 20,406 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 34,861 shares of the energy company at the end of 2017Q3, valued at $1.82M, up from 14,455 at the end of the previous reported quarter. Gibraltar Capital Management Inc who had been investing in Helmerich & Payne Inc for a number of months, seems to be bullish on the $7.20 billion market cap company. The stock increased 3.75% or $2.39 during the last trading session, reaching $66.12. About 2.16 million shares traded or 18.40% up from the average. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since February 15, 2017 and is uptrending. It has underperformed by 12.19% the S&P500.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.03, from 0.93 in 2017Q2. It improved, as 37 investors sold HP shares while 154 reduced holdings. 50 funds opened positions while 133 raised stakes. 112.20 million shares or 3.56% less from 116.34 million shares in 2017Q2 were reported. Td Capital Management Ltd Liability stated it has 207 shares or 0% of all its holdings. Royal Financial Bank Of Canada has 50,290 shares for 0% of their portfolio. Waddell And Reed Financial stated it has 0.01% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Moreover, Motco has 0.01% invested in Helmerich & Payne, Inc. (NYSE:HP) for 1,700 shares. Credit Agricole S A, a France-based fund reported 168,617 shares. Capital International Ca stated it has 16,000 shares. Wellington Mgmt Grp Inc Limited Liability Partnership invested in 0% or 393,439 shares. Parametric Assoc Ltd Liability invested in 589,975 shares. Kennedy Incorporated accumulated 95,475 shares. Peoples Svcs Corp has 57 shares for 0% of their portfolio. Panagora Asset Mgmt Inc invested 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Louisiana State Employees Retirement Sys holds 6,800 shares or 0.02% of its portfolio. Amalgamated State Bank invested in 20,876 shares or 0.03% of the stock. Steadfast Management LP invested in 0.17% or 206,604 shares. Bridgecreek Investment Lc has 1.05% invested in Helmerich & Payne, Inc. (NYSE:HP).

Among 36 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 8 Sell and 19 Hold. Therefore 25% are positive. Helmerich & Payne had 131 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Guggenheim given on Tuesday, June 27. Cowen & Co maintained the shares of HP in report on Thursday, September 14 with “Hold” rating. Goldman Sachs downgraded it to “Neutral” rating and $60.50 target in Friday, March 11 report. On Thursday, February 1 the stock rating was maintained by Argus Research with “Buy”. As per Monday, July 11, the company rating was maintained by Jefferies. Susquehanna maintained it with “Neutral” rating and $63 target in Wednesday, March 9 report. RBC Capital Markets maintained the shares of HP in report on Thursday, July 20 with “Hold” rating. BMO Capital Markets maintained the shares of HP in report on Tuesday, September 5 with “Sell” rating. As per Friday, December 11, the company rating was upgraded by Citigroup. BMO Capital Markets maintained the shares of HP in report on Wednesday, June 21 with “Sell” rating.

Since December 15, 2017, it had 0 insider purchases, and 2 sales for $441,985 activity.

Pittenger & Anderson Inc, which manages about $1.04 billion and $1.10 billion US Long portfolio, decreased its stake in Pfizer Inc (NYSE:PFE) by 41,575 shares to 75,475 shares, valued at $2.69 million in 2017Q3, according to the filing. It also reduced its holding in Starbucks Corp (NASDAQ:SBUX) by 11,585 shares in the quarter, leaving it with 7,325 shares, and cut its stake in Weyerhaeuser Co (NYSE:WY).

Since October 10, 2017, it had 0 insider buys, and 1 insider sale for $2.37 million activity.

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