Greylin Investment Mangement Raised By $1.59 Million Its Helmerich & Payne (HP) Stake; Princeton Capital Management Has Lowered Corning (GLW) Holding

December 7, 2017 - By Nellie Frank

Princeton Capital Management Inc decreased Corning Inc (GLW) stake by 16.02% reported in 2017Q2 SEC filing. Princeton Capital Management Inc sold 34,020 shares as Corning Inc (GLW)’s stock rose 5.06%. The Princeton Capital Management Inc holds 178,385 shares with $5.36 million value, down from 212,405 last quarter. Corning Inc now has $27.52B valuation. The stock decreased 1.77% or $0.57 during the last trading session, reaching $31.67. About 5.30M shares traded or 1.29% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since December 7, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.




Greylin Investment Mangement Inc increased Helmerich & Payne Inc (HP) stake by 144.14% reported in 2017Q2 SEC filing. Greylin Investment Mangement Inc acquired 29,440 shares as Helmerich & Payne Inc (HP)’s stock declined 12.04%. The Greylin Investment Mangement Inc holds 49,865 shares with $2.71M value, up from 20,425 last quarter. Helmerich & Payne Inc now has $6.13 billion valuation. The stock decreased 2.37% or $1.37 during the last trading session, reaching $56.47. About 1.45M shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since December 7, 2016 and is uptrending. It has underperformed by 12.19% the S&P500.

Greylin Investment Mangement Inc decreased Wells Fargo Co New (NYSE:WFC) stake by 44,350 shares to 219,260 valued at $12.15M in 2017Q2. It also reduced Bank Amer Corp (NYSE:BAC) stake by 13,175 shares and now owns 412,595 shares. Merck & Co Inc (NYSE:MRK) was reduced too.

Among 35 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 9 Sell and 17 Hold. Therefore 26% are positive. Helmerich & Payne had 112 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Buy” on Tuesday, September 15. As per Tuesday, June 21, the company rating was upgraded by KeyBanc Capital Markets. On Monday, November 16 the stock rating was downgraded by Evercore to “Hold”. Argus Research upgraded the stock to “Buy” rating in Monday, January 9 report. Cowen & Co maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Thursday, September 14. Cowen & Co has “Hold” rating and $50.0 target. iBERIA Capital Partners maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Monday, April 4. iBERIA Capital Partners has “Sector Perform” rating and $61 target. Susquehanna maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Wednesday, March 9. Susquehanna has “Neutral” rating and $63 target. Susquehanna maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Friday, November 13. Susquehanna has “Neutral” rating and $56 target. The stock has “Hold” rating by Jefferies on Thursday, August 31. The company was downgraded on Tuesday, May 3 by Scotia Capital.

Investors sentiment decreased to 0.93 in Q2 2017. Its down 0.08, from 1.01 in 2017Q1. It turned negative, as 77 investors sold HP shares while 143 reduced holdings. 44 funds opened positions while 160 raised stakes. 116.34 million shares or 4.63% more from 111.19 million shares in 2017Q1 were reported. Teachers Retirement System Of The State Of Kentucky accumulated 13,100 shares. Graham Mngmt Lp accumulated 10,000 shares. Cap Counsel stated it has 0.85% in Helmerich & Payne, Inc. (NYSE:HP). Cap Int Ca holds 10,100 shares. Montgomery Invest reported 5,500 shares. Robeco Institutional Asset Bv invested in 164,851 shares. Commonwealth Fincl Bank Of holds 0.01% or 11,456 shares in its portfolio. Alexandria Lc, a Virginia-based fund reported 110 shares. Convergence Invest Llc invested 0.13% in Helmerich & Payne, Inc. (NYSE:HP). California Employees Retirement System holds 0.02% or 244,900 shares in its portfolio. Johnson Invest Counsel accumulated 7,900 shares or 0.01% of the stock. Burney has 5,227 shares for 0.02% of their portfolio. 39,615 are owned by Brown Advisory. Thrivent Financial For Lutherans stated it has 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Westpac Bk invested in 0% or 6,575 shares.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on January, 23. They expect $0.47 earnings per share, down 6.00% or $0.03 from last year’s $0.5 per share. GLW’s profit will be $408.46M for 16.85 P/E if the $0.47 EPS becomes a reality. After $0.43 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 9.30% EPS growth.

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 42 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Corning Incorporated (NYSE:GLW) has “Hold” rating given on Thursday, April 13 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, July 14 by Susquehanna. Citigroup downgraded it to “Neutral” rating and $29 target in Friday, March 31 report. Drexel Hamilton maintained it with “Sell” rating and $17.5000 target in Wednesday, July 26 report. The rating was maintained by Jefferies on Thursday, August 31 with “Hold”. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, March 14. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, November 2 report. The rating was maintained by Citigroup on Wednesday, October 25 with “Neutral”. The stock has “Buy” rating by Goldman Sachs on Tuesday, April 12. RBC Capital Markets maintained Corning Incorporated (NYSE:GLW) rating on Wednesday, October 28. RBC Capital Markets has “Outperform” rating and $24 target.

Investors sentiment increased to 0.92 in 2017 Q2. Its up 0.12, from 0.8 in 2017Q1. It improved, as 42 investors sold GLW shares while 336 reduced holdings. 89 funds opened positions while 257 raised stakes. 627.26 million shares or 3.43% less from 649.52 million shares in 2017Q1 were reported. 160,120 are held by Lafayette Invests. Barrett Asset Mgmt Limited Liability Company invested in 0% or 200 shares. Tompkins Finance owns 143,659 shares. Robeco Institutional Asset Mngmt Bv holds 0.18% of its portfolio in Corning Incorporated (NYSE:GLW) for 937,078 shares. Teachers Retirement Of The State Of Kentucky holds 0.18% or 472,850 shares in its portfolio. The Ohio-based Sequoia Advsrs Limited Liability Company has invested 0.29% in Corning Incorporated (NYSE:GLW). Impala Asset Mngmt Lc reported 519,928 shares stake. Haverford Tru owns 6,811 shares for 0% of their portfolio. Rodgers Brothers stated it has 87,330 shares. Moreover, Community Fincl Services Gp Lc has 3.17% invested in Corning Incorporated (NYSE:GLW) for 239,918 shares. Nomura Asset Communication Ltd reported 0.11% of its portfolio in Corning Incorporated (NYSE:GLW). Swiss National Bank & Trust has 0.12% invested in Corning Incorporated (NYSE:GLW). Hudock Capital Group Limited Liability Corporation accumulated 6,837 shares. Valueworks, New York-based fund reported 245,532 shares. Tortoise Mngmt Ltd Llc has invested 0.01% in Corning Incorporated (NYSE:GLW).

Since June 14, 2017, it had 0 buys, and 1 sale for $3.13 million activity. Clappin James P had sold 106,983 shares worth $3.13 million.

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