Lincluden Management LTD Lowered Its Potash Sask (POT) Holding as Stock Declined; As Conocophillips (COP) Stock Value Declined, Roffman Miller Associates Decreased Stake

January 14, 2018 - By Linda Rogers

Lincluden Management Ltd decreased its stake in Potash Corp Sask Inc (POT) by 94.55% based on its latest 2017Q3 regulatory filing with the SEC. Lincluden Management Ltd sold 1.56 million shares as the company’s stock declined 11.27% while stock markets rallied. The institutional investor held 89,725 shares of the agricultural chemicals company at the end of 2017Q3, valued at $1.73M, down from 1.65M at the end of the previous reported quarter. Lincluden Management Ltd who had been investing in Potash Corp Sask Inc for a number of months, seems to be less bullish one the $17.58B market cap company. The stock increased 0.54% or $0.11 during the last trading session, reaching $20.65. About 10.33M shares traded or 204.25% up from the average. Nutrien Ltd. (NYSE:POT) has risen 0.06% since January 14, 2017 and is uptrending. It has underperformed by 16.64% the S&P500.

Roffman Miller Associates Inc decreased its stake in Conocophillips (COP) by 14.34% based on its latest 2017Q3 regulatory filing with the SEC. Roffman Miller Associates Inc sold 10,891 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 65,040 shares of the integrated oil company at the end of 2017Q3, valued at $3.26M, down from 75,931 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $71.79B market cap company. The stock increased 1.47% or $0.87 during the last trading session, reaching $60.05. About 6.74M shares traded or 14.49% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since January 14, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.




Analysts await Nutrien Ltd. (NYSE:POT) to report earnings on January, 25. They expect $0.07 earnings per share, 0.00% or $0.00 from last year’s $0.07 per share. POT’s profit will be $59.60M for 73.75 P/E if the $0.07 EPS becomes a reality. After $0.09 actual earnings per share reported by Nutrien Ltd. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Lincluden Management Ltd, which manages about $1.29B US Long portfolio, upped its stake in Canadian Natural Resources Ltd. (NYSE:CNQ) by 138,510 shares to 349,900 shares, valued at $11.72M in 2017Q3, according to the filing. It also increased its holding in Cenovus Energy Inc. (NYSE:CVE) by 241,435 shares in the quarter, for a total of 5.36M shares, and has risen its stake in Merck & Co. Inc. (NYSE:MRK).

Among 24 analysts covering Potash Corp (NYSE:POT), 12 have Buy rating, 5 Sell and 7 Hold. Therefore 50% are positive. Potash Corp had 73 analyst reports since August 4, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of POT in report on Friday, December 9 with “Underperform” rating. Atlantic Securities downgraded the stock to “Underweight” rating in Friday, March 11 report. The rating was downgraded by Paradigm Research on Tuesday, March 22 to “Sell”. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, October 10. The firm earned “Hold” rating on Wednesday, August 30 by Cowen & Co. On Thursday, August 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. HSBC downgraded Nutrien Ltd. (NYSE:POT) on Wednesday, October 7 to “Hold” rating. The firm earned “Outperform” rating on Tuesday, October 13 by Bernstein. As per Tuesday, November 24, the company rating was maintained by Cowen & Co. Stifel Nicolaus maintained Nutrien Ltd. (NYSE:POT) rating on Wednesday, September 13. Stifel Nicolaus has “Buy” rating and $20.5 target.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on February, 1. They expect $0.40 EPS, up 253.85% or $0.66 from last year’s $-0.26 per share. COP’s profit will be $478.21M for 37.53 P/E if the $0.40 EPS becomes a reality. After $0.16 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 150.00% EPS growth.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 83 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, March 29 the stock rating was maintained by Deutsche Bank with “Buy”. Cowen & Co maintained ConocoPhillips (NYSE:COP) rating on Wednesday, September 27. Cowen & Co has “Buy” rating and $55.0 target. The firm has “Buy” rating by Jefferies given on Wednesday, May 17. The stock of ConocoPhillips (NYSE:COP) has “Buy” rating given on Friday, April 7 by Scotia Capital. The company was maintained on Thursday, September 28 by RBC Capital Markets. Jefferies maintained the shares of COP in report on Thursday, October 19 with “Buy” rating. On Tuesday, June 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of ConocoPhillips (NYSE:COP) has “Overweight” rating given on Friday, October 27 by Barclays Capital. Barclays Capital maintained ConocoPhillips (NYSE:COP) on Tuesday, January 12 with “Overweight” rating. The firm earned “Underperform” rating on Tuesday, November 15 by CLSA.

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