High Pointe Capital Management Cut Centene (CNC) Stake By $371,000; Patterson Uti Energy (PTEN)’s Sentiment Is 1.1

June 14, 2018 - By Louis Casey

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Patterson Uti Energy Inc (PTEN) investors sentiment decreased to 1.1 in 2018 Q1. It’s down -0.28, from 1.38 in 2017Q4. The ratio has worsened, as 138 investment professionals started new or increased holdings, while 126 cut down and sold holdings in Patterson Uti Energy Inc. The investment professionals in our database now own: 204.98 million shares, down from 212.21 million shares in 2017Q4. Also, the number of investment professionals holding Patterson Uti Energy Inc in top ten holdings decreased from 8 to 4 for a decrease of 4. Sold All: 36 Reduced: 90 Increased: 90 New Position: 48.

High Pointe Capital Management Llc decreased Centene Corp (CNC) stake by 25.62% reported in 2018Q1 SEC filing. High Pointe Capital Management Llc sold 3,500 shares as Centene Corp (CNC)’s stock rose 15.33%. The High Pointe Capital Management Llc holds 10,160 shares with $1.09M value, down from 13,660 last quarter. Centene Corp now has $25.44 billion valuation. The stock decreased 0.54% or $0.67 during the last trading session, reaching $124. About 551,061 shares traded. Centene Corporation (NYSE:CNC) has risen 57.37% since June 14, 2017 and is uptrending. It has outperformed by 44.80% the S&P500. Some Historical CNC News: ; 24/04/2018 – CENTENE COMMENTS ON NEW YORK ATTORNEY GENERAL PROCESS; 08/03/2018 – llliniCare Health Announces Career Opportunities in Carbondale; 24/04/2018 – Health insurer Centene cuts 2018 forecast after delays in closing Fidelis acquisition; 13/03/2018 – CORRECTED-CENTENE CORP – RAVI IKA WILL CONTINUE IN HIS CURRENT ROLE AS CEO OF RXADVANCE (ADDS DROPPED WORDS ‘OF RXADVANCE); 13/03/2018 – CENTENE & RXADVANCE ESTABLISH TRANSFORMATIVE PARTNERSHIP; 21/05/2018 – Centene Presenting at Barclays Conference Tomorrow; 02/04/2018 – Centene Sees Making $340M Contribution to State of New York for Health Initiatives; 27/03/2018 – FTC: 20180937: Centene Corporation; RxAdvance Corporation; 09/05/2018 – llliniCare Health Recognized with Two Platinum Awards from Decision Health for Outstanding Achievement in Healthcare; 24/04/2018 – Centene cut its 2018 earnings per share forecast to a range of $6.75 to $7.15 from a prior estimate of $6.95 to $7.35 per share

Ratings analysis reveals 44% of Patterson-UTI’s analysts are positive. Out of 9 Wall Street analysts rating Patterson-UTI, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $26.0 while the high is $27.0. The stock’s average target of $26.33 is 39.02% above today’s ($18.94) share price. PTEN was included in 9 notes of analysts from September 14, 2016. Credit Suisse upgraded the shares of PTEN in report on Wednesday, January 4 to “Neutral” rating. Cowen & Co downgraded it to “Market Perform” rating and $26.0 target in Thursday, January 19 report. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Buy” rating given on Wednesday, January 18 by SunTrust. The firm has “Buy” rating by Guggenheim given on Tuesday, February 14. Howard Weil maintained it with “Sector Perform” rating and $27.0 target in Friday, October 28 report. Instinet upgraded the stock to “Buy” rating in Wednesday, April 5 report. On Wednesday, September 14 the stock rating was upgraded by Gabelli to “Buy”. Goldman Sachs downgraded the shares of PTEN in report on Friday, December 16 to “Neutral” rating. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Neutral” rating by JP Morgan on Wednesday, December 7.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $194,600 activity.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report earnings on July, 26. They expect $-0.04 earnings per share, up 80.95% or $0.17 from last year’s $-0.21 per share. After $-0.16 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -75.00% EPS growth.

The stock decreased 0.05% or $0.01 during the last trading session, reaching $18.94. About 1.13 million shares traded. Patterson-UTI Energy, Inc. (PTEN) has risen 0.05% since June 14, 2017 and is uptrending. It has underperformed by 12.52% the S&P500. Some Historical PTEN News: ; 02/04/2018 – PATTERSON-UTI ENERGY -ENTERED INTO FIVE-YEAR CREDIT AGREEMENT WITH A GROUP OF FINANCIAL INSTITUTIONS LED BY WELLS FARGO BANK, NATIONAL ASSOCIATION; 02/04/2018 – PATTERSON-UTI ENERGY INC SAYS CREDIT AGREEMENT AMENDS AND RESTATES COMPANY’S 2012 CREDIT AGREEMENT; 26/04/2018 – PATTERSON-UTI ENERGY INC – EXPECT AN AVERAGE OF 75 RIGS OPERATING UNDER TERM CONTRACTS DURING 12 MONTHS ENDING MARCH 31, 2019; 02/04/2018 – Fidelity Select Energy Service Adds Patterson-UTI; 03/04/2018 – PATTERSON-UTI ENERGY INC – WITH JUDAH’S APPOINTMENT, PATTERSON-UTI BOARD HAS BEEN EXPANDED TO EIGHT MEMBERS; 04/04/2018 – PATTERSON-UTI ENERGY MARCH AVG. DRILLING RIGS 172 :PTEN US; 02/04/2018 – PATTERSON-UTI ENERGY REPORTS $600M CREDIT PACT; 22/05/2018 – Patterson-UTI Forms Golden Cross: Technicals; 04/04/2018 – PTEN: AVG 169 DRILLING RIGS OPERATING IN 3 MOS. ENDED MARCH 31; 04/04/2018 – Patterson-UTI Reports Drilling Activity for March 2018

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has market cap of $4.20 billion. The companyÂ’s Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. It has a 653.1 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Elm Ridge Management Llc holds 5.59% of its portfolio in Patterson-UTI Energy, Inc. for 665,824 shares. Covalent Partners Llc owns 283,320 shares or 4.73% of their US portfolio. Moreover, Energy Opportunities Capital Management Llc has 4.35% invested in the company for 310,705 shares. The Florida-based Intrepid Capital Management Inc has invested 4.08% in the stock. Brenham Capital Management L.P., a Texas-based fund reported 1.50 million shares.

Another recent and important Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news was published by Nasdaq.com which published an article titled: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” on June 12, 2018.

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.13, from 1.19 in 2017Q4. It worsened, as 41 investors sold CNC shares while 192 reduced holdings. 68 funds opened positions while 178 raised stakes. 149.01 million shares or 1.27% less from 150.93 million shares in 2017Q4 were reported. Louisiana State Employees Retirement System holds 10,600 shares or 0.05% of its portfolio. Point72 Asset Mgmt Ltd Partnership holds 0.03% or 58,307 shares. Gradient Invests Ltd holds 120 shares. Bremer Trust Association owns 2,924 shares or 0.09% of their US portfolio. Envestnet Asset Mgmt holds 28,167 shares. Destination Wealth Management has invested 0% of its portfolio in Centene Corporation (NYSE:CNC). 155,805 were accumulated by Sei Communication. Hilltop owns 16,070 shares. Nomura Asset Mngmt Ltd holds 0.03% of its portfolio in Centene Corporation (NYSE:CNC) for 27,875 shares. Somerset Tru Commerce accumulated 0.45% or 8,156 shares. Holderness Invests reported 2,700 shares. Kepos Lp invested in 0.31% or 50,095 shares. Omers Administration Corp invested in 0.02% or 20,500 shares. Glob X Management Co Limited Liability Corporation invested in 0.02% or 8,889 shares. 288,883 were reported by Lazard Asset Management Ltd Co.

More important recent Centene Corporation (NYSE:CNC) news were published by: Bizjournals.com which released: “Centene subsidiary re-awarded correctional contract in New Hampshire” on June 13, 2018, also Globenewswire.com published article titled: “Analysis: Positioning to Benefit within Ally Financial, Huntsman, Synchrony Financial, Exelon, TransEnterix, and …”, Prnewswire.com published: “Centene And National Council On Independent Living Partner To Increase Provider Accessibility For People With …” on June 13, 2018. More interesting news about Centene Corporation (NYSE:CNC) was released by: Seekingalpha.com and their article: “Molina wins Washington managed care contract” with publication date: May 25, 2018.

Analysts await Centene Corporation (NYSE:CNC) to report earnings on July, 24. They expect $1.74 EPS, up 9.43% or $0.15 from last year’s $1.59 per share. CNC’s profit will be $357.01M for 17.82 P/E if the $1.74 EPS becomes a reality. After $2.17 actual EPS reported by Centene Corporation for the previous quarter, Wall Street now forecasts -19.82% negative EPS growth.

Since December 19, 2017, it had 0 buys, and 10 selling transactions for $31.82 million activity. On Monday, June 11 Williamson Keith H sold $240,000 worth of Centene Corporation (NYSE:CNC) or 2,000 shares. DITMORE ROBERT K also sold $912,625 worth of Centene Corporation (NYSE:CNC) on Monday, January 8. $425,955 worth of stock was sold by BROOKS MARK J on Monday, March 12. Shares for $987,300 were sold by Hunter Jesse N on Tuesday, December 19. NEIDORFF MICHAEL F had sold 250,000 shares worth $27.05 million. $490,896 worth of Centene Corporation (NYSE:CNC) was sold by BOWERS CHRISTOPHER D.

Among 20 analysts covering Centene Corporation (NYSE:CNC), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Centene Corporation had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, July 25. The rating was maintained by Cantor Fitzgerald with “Buy” on Thursday, December 14. Cantor Fitzgerald maintained Centene Corporation (NYSE:CNC) on Thursday, March 15 with “Buy” rating. The stock has “Overweight” rating by Barclays Capital on Wednesday, February 8. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, February 7. Cantor Fitzgerald maintained Centene Corporation (NYSE:CNC) rating on Tuesday, February 6. Cantor Fitzgerald has “Buy” rating and $125.0 target. The company was upgraded on Wednesday, June 29 by Morgan Stanley. Oppenheimer maintained Centene Corporation (NYSE:CNC) rating on Tuesday, July 25. Oppenheimer has “Buy” rating and $8900 target. Piper Jaffray maintained it with “Buy” rating and $112.0 target in Friday, October 13 report. The stock has “Neutral” rating by JP Morgan on Monday, May 22.

Centene Corporation (NYSE:CNC) Institutional Positions Chart

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