Syntal Capital Partners Has Lowered Its Holding in Parsley Energy (PE) by $2.97 Million; Cornercap Investment Counsel Lowered Its Merck & Co New (MRK) Position by $2.91 Million

May 25, 2018 - By Stephen Andrade

Merck & Co., Inc. (NYSE:MRK) Logo

Syntal Capital Partners Llc decreased its stake in Parsley Energy Inc (PE) by 46.73% based on its latest 2017Q4 regulatory filing with the SEC. Syntal Capital Partners Llc sold 165,002 shares as the company’s stock declined 8.80% with the market. The institutional investor held 188,066 shares of the energy company at the end of 2017Q4, valued at $3.48M, down from 353,068 at the end of the previous reported quarter. Syntal Capital Partners Llc who had been investing in Parsley Energy Inc for a number of months, seems to be less bullish one the $9.27 billion market cap company. The stock decreased 2.21% or $0.66 during the last trading session, reaching $29.27. About 2.84 million shares traded. Parsley Energy, Inc. (NYSE:PE) has declined 12.13% since May 25, 2017 and is downtrending. It has underperformed by 23.68% the S&P500.




Cornercap Investment Counsel Inc decreased its stake in Merck & Co Inc New (MRK) by 93.07% based on its latest 2017Q4 regulatory filing with the SEC. Cornercap Investment Counsel Inc sold 52,052 shares as the company’s stock declined 4.63% with the market. The institutional investor held 3,874 shares of the health care company at the end of 2017Q4, valued at $218,000, down from 55,926 at the end of the previous reported quarter. Cornercap Investment Counsel Inc who had been investing in Merck & Co Inc New for a number of months, seems to be less bullish one the $158.54B market cap company. The stock decreased 0.34% or $0.2 during the last trading session, reaching $58.93. About 2.81 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since May 25, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Cornercap Investment Counsel Inc, which manages about $912.27M and $729.53 million US Long portfolio, upped its stake in Northwestern Corp by 16,220 shares to 27,745 shares, valued at $1.66 million in 2017Q4, according to the filing. It also increased its holding in Patrick Industries (NASDAQ:PATK) by 4,754 shares in the quarter, for a total of 14,264 shares, and has risen its stake in Usana Health Sciences Inc Com (NYSE:USNA).

More notable recent Merck & Co., Inc. (NYSE:MRK) news were published by: Seekingalpha.com which released: “New Ebola outbreak hits Congo” on May 13, 2018, also Bizjournals.com with their article: “Why Big Pharma is finally discovering the Bay Area” published on May 23, 2018, 247Wallst.com published: “Major Pharma Short Sellers Grow More Selective” on May 25, 2018. More interesting news about Merck & Co., Inc. (NYSE:MRK) were released by: Streetinsider.com and their article: “Foundation Medicine (FMI) Reports Immuno-Oncology Companion Diagnostics Collaboration with Merck (MRK)” published on May 24, 2018 as well as 247Wallst.com‘s news article titled: “What to Look For in the Merck and Pfizer Reports Tuesday Morning” with publication date: April 30, 2018.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 90 analyst reports since August 13, 2015 according to SRatingsIntel. UBS maintained the stock with “Buy” rating in Friday, August 19 report. Morgan Stanley downgraded Merck & Co., Inc. (NYSE:MRK) on Monday, October 30 to “Equal-Weight” rating. The stock has “Neutral” rating by Credit Suisse on Monday, May 9. The company was upgraded on Wednesday, October 18 by Citigroup. Barclays Capital maintained the shares of MRK in report on Friday, September 9 with “Overweight” rating. Societe Generale initiated Merck & Co., Inc. (NYSE:MRK) on Wednesday, April 6 with “Buy” rating. The firm has “Buy” rating given on Monday, July 31 by UBS. Citigroup upgraded the stock to “Buy” rating in Monday, October 30 report. On Tuesday, November 28 the stock rating was maintained by Bank of America with “Buy”. Credit Suisse maintained the stock with “Outperform” rating in Friday, September 8 report.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on July, 27. They expect $1.04 EPS, up 2.97% or $0.03 from last year’s $1.01 per share. MRK’s profit will be $2.80B for 14.17 P/E if the $1.04 EPS becomes a reality. After $1.05 actual EPS reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts -0.95% negative EPS growth.

Investors sentiment decreased to 0.94 in 2017 Q4. Its down 0.12, from 1.06 in 2017Q3. It is negative, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Tarbox Family Office Inc owns 3,580 shares. Busey owns 78,054 shares. Clinton Gp holds 54,163 shares or 0.27% of its portfolio. 21,104 are owned by Broderick Brian C. Regions holds 1.83 million shares. Family Corp holds 0.21% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 5,361 shares. Cypress Asset Management Tx owns 100,717 shares. Cambridge Advsr reported 17,659 shares. Country Club Comm Na holds 1.1% or 144,936 shares. Trust Of Toledo Na Oh holds 77,260 shares or 1.08% of its portfolio. 40,529 are owned by Pettyjohn Wood And White. Guinness Atkinson Asset Incorporated owns 3,810 shares or 0.13% of their US portfolio. Korea Corp holds 0.6% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 2.33M shares. Alpha Windward Ltd Company stated it has 0.19% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Jolley Asset Management Limited Co has 1.91% invested in Merck & Co., Inc. (NYSE:MRK).

Since February 26, 2018, it had 3 insider purchases, and 6 insider sales for $3.29 million activity. On Tuesday, May 8 Hinson Mike sold $1.33M worth of Parsley Energy, Inc. (NYSE:PE) or 41,681 shares. Another trade for 60,742 shares valued at $1.93 million was sold by Dalton Ryan. Another trade for 2,000 shares valued at $51,320 was bought by Brokmeyer Ron. 142,971 shares were sold by Gallagher Matthew, worth $4.54M. Sheffield Bryan bought $4.99M worth of Parsley Energy, Inc. (NYSE:PE) on Monday, February 26. 10,000 shares valued at $259,900 were bought by ALAMEDDINE A R on Tuesday, February 27.

Another recent and important Parsley Energy, Inc. (NYSE:PE) news was published by Seekingalpha.com which published an article titled: “Newfield Exploration, Parsley Energy, WPX upped to Buy at Seaport Global” on May 23, 2018.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.12, from 1.13 in 2017Q3. It turned negative, as 49 investors sold PE shares while 96 reduced holdings. 54 funds opened positions while 93 raised stakes. 251.44 million shares or 1.93% more from 246.67 million shares in 2017Q3 were reported. Citadel Advsrs Ltd Liability has 0.06% invested in Parsley Energy, Inc. (NYSE:PE) for 3.62 million shares. Kbc Grp Nv has invested 0.02% in Parsley Energy, Inc. (NYSE:PE). Westwood Holdg Gru owns 1.42M shares for 0.31% of their portfolio. Massachusetts-based Highfields Mgmt Lp has invested 0.5% in Parsley Energy, Inc. (NYSE:PE). Howe And Rusling Inc owns 362 shares. Corecommodity Mngmt Ltd Com reported 15,757 shares. Syntal Cap Prtnrs Ltd Com reported 1.06% in Parsley Energy, Inc. (NYSE:PE). State Board Of Administration Of Florida Retirement System holds 0.03% or 343,813 shares. 363,989 were reported by Parametric Port Assocs Limited Liability. 692,310 are held by Icon Advisers Inc. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% in Parsley Energy, Inc. (NYSE:PE). Mariner Wealth Advisors Ltd Liability Corp has 10,500 shares for 0.01% of their portfolio. Price T Rowe Associate Md invested in 0.02% or 3.51M shares. Viking Fund Limited Liability Co accumulated 655,000 shares. Hsbc Public Ltd has invested 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE).

Syntal Capital Partners Llc, which manages about $422.80M and $327.20M US Long portfolio, upped its stake in Adobe Sys Inc (NASDAQ:ADBE) by 4,009 shares to 9,108 shares, valued at $1.60 million in 2017Q4, according to the filing. It also increased its holding in Caterpillar Inc (NYSE:CAT) by 7,140 shares in the quarter, for a total of 10,446 shares, and has risen its stake in Netflix Inc (NASDAQ:NFLX).

Among 37 analysts covering Parsley Energy Inc (NYSE:PE), 30 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 147 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained Parsley Energy, Inc. (NYSE:PE) on Tuesday, February 6 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 13. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, April 20. Williams Capital Group upgraded the shares of PE in report on Monday, June 12 to “Buy” rating. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by Northland Capital on Monday, December 11. The stock has “Outperform” rating by Northland Capital on Friday, November 6. The firm has “Hold” rating by Williams Capital Group given on Monday, August 29. On Friday, May 4 the stock rating was maintained by BMO Capital Markets with “Outperform”. FBR Capital initiated it with “Outperform” rating and $41 target in Tuesday, September 13 report. The firm earned “Outperform” rating on Monday, September 21 by Macquarie Research.

Merck & Co., Inc. (NYSE:MRK) Institutional Positions Chart

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