Harding Loevner LP Lifted Cnooc LTD (CEO) Stake by $3.32 Million; Us Bancorp Del (USB) Shares Declined While Truepoint Has Decreased Its Holding by $738,192

October 12, 2017 - By Clifton Ray

Truepoint Inc decreased its stake in Us Bancorp Del (USB) by 20.32% based on its latest 2017Q2 regulatory filing with the SEC. Truepoint Inc sold 14,196 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 55,651 shares of the major banks company at the end of 2017Q2, valued at $2.95M, down from 69,847 at the end of the previous reported quarter. Truepoint Inc who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $91.03B market cap company. The stock rose 0.10% or $0.05 reaching $54.04. About 4.23 million shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since October 12, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Harding Loevner Lp increased its stake in Cnooc Ltd (CEO) by 1.41% based on its latest 2017Q2 regulatory filing with the SEC. Harding Loevner Lp bought 30,450 shares as the company’s stock declined 2.67% while stock markets rallied. The hedge fund held 2.19 million shares of the oil & gas production company at the end of 2017Q2, valued at $240.10M, up from 2.16M at the end of the previous reported quarter. Harding Loevner Lp who had been investing in Cnooc Ltd for a number of months, seems to be bullish on the $57.05 billion market cap company. The stock decreased 2.58% or $3.37 during the last trading session, reaching $127.13. About 106,966 shares traded. CNOOC Ltd (ADR) (NYSE:CEO) has risen 2.20% since October 12, 2016 and is uptrending. It has underperformed by 14.50% the S&P500.




Among 15 analysts covering CNOOC (NYSE:CEO), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. CNOOC had 18 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Thursday, August 27. The stock of CNOOC Ltd (ADR) (NYSE:CEO) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, May 10. The firm has “Buy” rating given on Monday, August 31 by Bank of America. The rating was upgraded by Bank of America on Friday, August 25 to “Neutral”. The rating was upgraded by Societe Generale on Tuesday, August 25 to “Hold”. Goldman Sachs upgraded it to “Buy” rating and $13100 target in Tuesday, August 8 report. Nomura upgraded CNOOC Ltd (ADR) (NYSE:CEO) on Wednesday, May 18 to “Buy” rating. The rating was upgraded by J.P. Morgan on Wednesday, July 5 to “Buy”. HSBC upgraded the stock to “Buy” rating in Monday, June 5 report. The rating was maintained by Bank of America on Thursday, August 27 with “Neutral”.

Harding Loevner Lp, which manages about $36.30 billion and $16.33 billion US Long portfolio, decreased its stake in Colgate Palmolive Co (NYSE:CL) by 120,622 shares to 2.47 million shares, valued at $183.11 million in 2017Q2, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 56,305 shares in the quarter, leaving it with 1.29M shares, and cut its stake in Paypal Hldgs Inc.

More news for CNOOC Ltd (ADR) (NYSE:CEO) were recently published by: Marketwatch.com, which released: “129.2694” on September 13, 2010. Dividend.com‘s article titled: “CNOOC Ltd. ADR (Sponsored)” and published on March 30, 2011 is yet another important article.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on October, 18 before the open. They expect $0.88 earnings per share, up 4.76% or $0.04 from last year’s $0.84 per share. USB’s profit will be $1.48B for 15.35 P/E if the $0.88 EPS becomes a reality. After $0.85 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 3.53% EPS growth.

Since May 3, 2017, it had 0 insider buys, and 3 sales for $2.29 million activity. Parker P.W. also sold $1.53M worth of U.S. Bancorp (NYSE:USB) shares. $740,539 worth of U.S. Bancorp (NYSE:USB) shares were sold by GODRIDGE LESLIE V.

Among 29 analysts covering U.S. Bancorp (NYSE:USB), 7 have Buy rating, 2 Sell and 20 Hold. Therefore 24% are positive. U.S. Bancorp had 67 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, June 8 by Jefferies. Atlantic Securities upgraded the stock to “Overweight” rating in Monday, March 14 report. The rating was initiated by Societe Generale on Tuesday, March 22 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 27. The rating was maintained by Wells Fargo on Thursday, August 10 with “Market Perform”. The firm earned “Buy” rating on Friday, August 28 by Guggenheim. The rating was maintained by Jefferies with “Buy” on Friday, August 11. The company was maintained on Wednesday, November 30 by Wedbush. RBC Capital Markets maintained the shares of USB in report on Wednesday, October 7 with “Outperform” rating. As per Tuesday, September 8, the company rating was upgraded by Deutsche Bank.

Truepoint Inc, which manages about $1.62B and $995.23M US Long portfolio, upped its stake in I Shares Tr (IWF) by 4,266 shares to 16,617 shares, valued at $2.03 million in 2017Q2, according to the filing. It also increased its holding in Kroger Co (NYSE:KR) by 15,102 shares in the quarter, for a total of 23,692 shares, and has risen its stake in Vanguard Index Fds (VUG).

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.01, from 0.91 in 2017Q1. It worsened, as 48 investors sold USB shares while 458 reduced holdings. 93 funds opened positions while 362 raised stakes. 1.21 billion shares or 2.75% less from 1.24 billion shares in 2017Q1 were reported. Scotia Cap stated it has 32,461 shares. Mariner Wealth Advsrs Ltd Liability Corp reported 26,152 shares. 5.35 million are owned by Deutsche Bancorp Ag. Security State Bank Of Sioux City Iowa Ia has 0.66% invested in U.S. Bancorp (NYSE:USB). Jag Capital Ltd reported 26,442 shares or 0.27% of all its holdings. Schulhoff & Com Incorporated accumulated 119,650 shares or 3.8% of the stock. Spectrum Mgmt Grp Incorporated Inc owns 33,778 shares or 0.66% of their US portfolio. Tci Wealth Advsr Inc holds 0.22% of its portfolio in U.S. Bancorp (NYSE:USB) for 8,125 shares. 1,092 are held by Gemmer Asset Mgmt Limited Liability. Prudential Fin accumulated 2.71 million shares. Moreover, Meritage Portfolio Mgmt has 0.11% invested in U.S. Bancorp (NYSE:USB) for 21,446 shares. Employees Retirement Association Of Colorado holds 0.93% in U.S. Bancorp (NYSE:USB) or 2.45M shares. Mountain Pacific Inv Advisers Inc Id invested in 175,926 shares. Interocean Limited Liability accumulated 118,411 shares. Mountain Lake Management Ltd Liability Company holds 2.35% in U.S. Bancorp (NYSE:USB) or 115,000 shares.

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Seekingalpha.com which released: “US Bancorp downgraded to Underperform at BAML” on October 02, 2017, also Benzinga.com with their article: “Bank Bears Bare Their Claws: Fifth Third, US Bancorp Among Downgrades” published on October 02, 2017, Reuters.com published: “Judge rejects collective action by US Bancorp branch managers” on October 03, 2017. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Nasdaq.com and their article: “Bridges Investment Counsel Inc Buys Union Pacific Corp, DowDuPont Inc, US …” published on October 05, 2017 as well as Nasdaq.com‘s news article titled: “US Bancorp (USB) Ex-Dividend Date Scheduled for September 28, 2017” with publication date: September 27, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts