Patterson (PTEN) Holder Buckingham Capital Management Raised Holding; Fluor New (FLR) Share Value Rose While Noesis Capital Mangement Decreased Its Position by $422,688

May 21, 2018 - By Ash

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David Keidan increased its stake in Patterson (PTEN) by 36.08% based on its latest 2017Q4 regulatory filing with the SEC. Buckingham Capital Management Inc bought 150,838 shares as the company’s stock declined 22.71% with the market. The hedge fund run by David Keidan held 568,885 shares of the energy company at the end of 2017Q4, valued at $13.09M, up from 418,047 at the end of the previous reported quarter. Buckingham Capital Management Inc who had been investing in Patterson for a number of months, seems to be bullish on the $5.07B market cap company. The stock decreased 0.76% or $0.175 during the last trading session, reaching $22.835. About 906,319 shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since May 21, 2017 and is downtrending. It has underperformed by 35.83% the S&P500.

Noesis Capital Mangement Corp decreased its stake in Fluor Corp New (FLR) by 5.7% based on its latest 2017Q4 regulatory filing with the SEC. Noesis Capital Mangement Corp sold 8,288 shares as the company’s stock rose 9.18% while stock markets declined. The institutional investor held 137,117 shares of the military and government and technical company at the end of 2017Q4, valued at $7.08M, down from 145,405 at the end of the previous reported quarter. Noesis Capital Mangement Corp who had been investing in Fluor Corp New for a number of months, seems to be less bullish one the $7.07 billion market cap company. The stock increased 0.74% or $0.37 during the last trading session, reaching $50.27. About 340,489 shares traded. Fluor Corporation (NYSE:FLR) has risen 8.50% since May 21, 2017 and is uptrending. It has underperformed by 3.05% the S&P500.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.02, from 0.81 in 2017Q3. It increased, as 48 investors sold FLR shares while 150 reduced holdings. 60 funds opened positions while 104 raised stakes. 118.31 million shares or 2.82% more from 115.07 million shares in 2017Q3 were reported. Fmr Limited Liability holds 0.04% or 6.17M shares in its portfolio. Sumitomo Mitsui Asset holds 10,999 shares or 0.01% of its portfolio. Etrade Cap Management Ltd Company reported 11,443 shares or 0.02% of all its holdings. Glg Prtnrs LP holds 0% or 1,529 shares in its portfolio. Janney Montgomery Scott Ltd Co reported 0.03% stake. Susquehanna Int Gp Ltd Liability Partnership stated it has 0% of its portfolio in Fluor Corporation (NYSE:FLR). Suntrust Banks Incorporated invested 0.01% in Fluor Corporation (NYSE:FLR). Huntington Bankshares invested in 0% or 2,850 shares. Hartford Invest Mgmt Com invested in 29,168 shares or 0.03% of the stock. First Republic Mgmt holds 0.01% or 15,282 shares in its portfolio. Cornerstone Advisors Inc has invested 0.07% in Fluor Corporation (NYSE:FLR). Letko Brosseau Assocs stated it has 0.36% of its portfolio in Fluor Corporation (NYSE:FLR). Weatherly Asset Mngmt LP stated it has 14,676 shares or 0.18% of all its holdings. Tower Capital Limited Liability Corp (Trc), a New York-based fund reported 1,517 shares. Geode Mgmt Lc invested 0.03% of its portfolio in Fluor Corporation (NYSE:FLR).

More recent Fluor Corporation (NYSE:FLR) news were published by: Seekingalpha.com which released: “Fluor Corporation 2018 Q1 – Results – Earnings Call Slides” on May 04, 2018. Also Bizjournals.com published the news titled: “NuScale Power clears hurdle in nuclear design safety review” on April 30, 2018. Bizjournals.com‘s news article titled: “Oregon’s small-nuke company wins $40M federal grant” with publication date: April 27, 2018 was also an interesting one.

Among 22 analysts covering Fluor Corporation (NYSE:FLR), 9 have Buy rating, 0 Sell and 13 Hold. Therefore 41% are positive. Fluor Corporation had 67 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Buy” on Monday, November 6. The firm has “Buy” rating given on Thursday, January 18 by Credit Suisse. Robert W. Baird maintained the shares of FLR in report on Tuesday, September 5 with “Hold” rating. Bank of America upgraded the stock to “Buy” rating in Wednesday, May 9 report. Robert W. Baird upgraded Fluor Corporation (NYSE:FLR) on Wednesday, January 3 to “Outperform” rating. The stock of Fluor Corporation (NYSE:FLR) has “Buy” rating given on Tuesday, September 19 by KeyBanc Capital Markets. The company was maintained on Friday, February 9 by KeyBanc Capital Markets. The stock has “Outperform” rating by Credit Suisse on Friday, February 19. Canaccord Genuity upgraded Fluor Corporation (NYSE:FLR) rating on Monday, May 8. Canaccord Genuity has “Buy” rating and $55 target. As per Friday, May 4, the company rating was maintained by DA Davidson.

Analysts await Fluor Corporation (NYSE:FLR) to report earnings on August, 2. They expect $0.69 EPS, down 4.17% or $0.03 from last year’s $0.72 per share. FLR’s profit will be $97.00M for 18.21 P/E if the $0.69 EPS becomes a reality. After $0.56 actual EPS reported by Fluor Corporation for the previous quarter, Wall Street now forecasts 23.21% EPS growth.

Since February 23, 2018, it had 1 insider purchase, and 10 selling transactions for $5.15 million activity. $2.23M worth of Fluor Corporation (NYSE:FLR) was bought by FLUOR PETER J on Tuesday, May 8. The insider BARNARD RAY F. sold $1.15 million. De Haan Taco sold $205,089 worth of stock. On Tuesday, March 6 Bustamante Jose Luis M. sold $222,942 worth of Fluor Corporation (NYSE:FLR) or 3,882 shares. The insider Chopra Robin K sold 5,553 shares worth $319,221. Shares for $1.76 million were sold by HERNANDEZ CARLOS M on Friday, February 23.

Another recent and important Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news was published by Seekingalpha.com which published an article titled: “Patterson-UTI Energy (PTEN) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018.

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.03, from 1.41 in 2017Q3. It dived, as 20 investors sold PTEN shares while 84 reduced holdings. 49 funds opened positions while 94 raised stakes. 212.21 million shares or 2.46% more from 207.11 million shares in 2017Q3 were reported. The Florida-based Raymond James Fin Serv Advsrs Inc has invested 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Royal Fincl Bank Of Canada accumulated 0% or 91,855 shares. Glenmede Tru Na invested in 4,015 shares or 0% of the stock. Employees Retirement Of Texas invested in 0.06% or 220,000 shares. Ubs Asset Americas Incorporated invested in 0.01% or 451,372 shares. Shelton Management holds 0.02% or 12,375 shares. 13,800 were accumulated by Grace White Inc New York. 287,625 were accumulated by State Board Of Administration Of Florida Retirement Systems. Ironwood Mgmt Limited Co stated it has 13,670 shares or 0.23% of all its holdings. Aperio Gp Limited holds 136,175 shares. Northwestern Mutual Wealth Management holds 164 shares or 0% of its portfolio. Ls Invest Advsr Limited Liability Com stated it has 14,068 shares. Pacad Investment Limited reported 0.1% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Cipher Cap Ltd Partnership holds 0.12% or 67,582 shares in its portfolio. Panagora Asset Management reported 12,808 shares.

Buckingham Capital Management Inc, which manages about $1.17B and $835.21M US Long portfolio, decreased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 2,059 shares to 100,500 shares, valued at $17.33 million in 2017Q4, according to the filing. It also reduced its holding in Gap Inc (NYSE:GPS) by 40,880 shares in the quarter, leaving it with 9,932 shares, and cut its stake in Five Below (NASDAQ:FIVE).

Fluor Corporation (NYSE:FLR) Institutional Positions Chart

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