Matarin Capital Management Trimmed Its Stake in Conocophillips (COP) as Share Price Declined; J-P Marvel Investment Advisors Has Lowered Its Starbucks (SBUX) Holding by $1.64 Million; Share Price Rose

February 15, 2018 - By Nellie Frank

Matarin Capital Management Llc decreased its stake in Conocophillips (COP) by 62.42% based on its latest 2017Q3 regulatory filing with the SEC. Matarin Capital Management Llc sold 57,161 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 34,419 shares of the integrated oil company at the end of 2017Q3, valued at $1.72B, down from 91,580 at the end of the previous reported quarter. Matarin Capital Management Llc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $65.34B market cap company. The stock increased 4.11% or $2.19 during the last trading session, reaching $55.51. About 6.61M shares traded or 11.02% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since February 15, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

J-P Marvel Investment Advisors Llc decreased its stake in Starbucks Corp (SBUX) by 25.56% based on its latest 2017Q3 regulatory filing with the SEC. J-P Marvel Investment Advisors Llc sold 30,976 shares as the company’s stock rose 6.99% with the market. The hedge fund held 90,231 shares of the restaurants company at the end of 2017Q3, valued at $4.85M, down from 121,207 at the end of the previous reported quarter. J-P Marvel Investment Advisors Llc who had been investing in Starbucks Corp for a number of months, seems to be less bullish one the $78.70 billion market cap company. The stock increased 0.57% or $0.32 during the last trading session, reaching $55.99. About 14.19M shares traded or 33.98% up from the average. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 15, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.24, from 1.21 in 2017Q2. It is negative, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Perigon Wealth Ltd Co has 0.21% invested in Starbucks Corporation (NASDAQ:SBUX) for 12,064 shares. Point72 Asset Mngmt Ltd Partnership accumulated 101,100 shares. Amalgamated Bancshares has 170,768 shares for 0.29% of their portfolio. Aqr Capital Mgmt Ltd Liability Company accumulated 2.61M shares. Kbc Group Nv stated it has 356,165 shares. First Long Island Invsts Ltd Limited Liability Company has 1.77% invested in Starbucks Corporation (NASDAQ:SBUX) for 227,049 shares. Profit Invest Management Ltd stated it has 0.7% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Banque Pictet And Cie Sa reported 396,381 shares or 0.48% of all its holdings. Reynders Mcveigh Cap Management has 94,561 shares for 0.66% of their portfolio. 107,628 were reported by Hyman Charles D. Trust Of Toledo Na Oh reported 0.32% in Starbucks Corporation (NASDAQ:SBUX). Winslow Evans And Crocker reported 2,730 shares stake. Lincoln Limited has invested 5.08% in Starbucks Corporation (NASDAQ:SBUX). Wendell David Assoc Incorporated has invested 0.93% in Starbucks Corporation (NASDAQ:SBUX). Norinchukin Bancorp The holds 0.7% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 671,759 shares.

J-P Marvel Investment Advisors Llc, which manages about $413.43 million and $314.33 million US Long portfolio, upped its stake in Bank Of America Corp. (NYSE:BAC) by 104,689 shares to 279,654 shares, valued at $7.09 million in 2017Q3, according to the filing.

Since September 7, 2017, it had 0 insider purchases, and 3 sales for $13.98 million activity. ULLMAN MYRON E III also sold $1.23M worth of Starbucks Corporation (NASDAQ:SBUX) shares. The insider CULVER JOHN sold 64,776 shares worth $3.47M.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation has $75.0 highest and $52 lowest target. $65.30’s average target is 16.63% above currents $55.99 stock price. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $68 target in Friday, October 30 report. On Monday, March 13 the stock rating was maintained by Wedbush with “Outperform”. The stock has “Buy” rating by UBS on Friday, October 30. RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, July 24. RBC Capital Markets has “Outperform” rating and $64 target. As per Friday, July 28, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating by RBC Capital Markets given on Friday, July 28. The stock has “Buy” rating by Nomura on Friday, November 3. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Tuesday, August 22 by Jefferies. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Market Perform” rating given on Friday, November 3 by BMO Capital Markets. Oppenheimer maintained the stock with “Buy” rating in Friday, July 28 report.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Societe Generale given on Wednesday, January 11. Jefferies maintained ConocoPhillips (NYSE:COP) on Friday, July 28 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $54.0 target in Thursday, August 24 report. The company was maintained on Thursday, November 9 by RBC Capital Markets. The stock has “Neutral” rating by Guggenheim on Wednesday, April 19. The company was maintained on Wednesday, December 20 by RBC Capital Markets. The firm earned “Buy” rating on Friday, July 21 by Citigroup. The firm has “Outperform” rating by RBC Capital Markets given on Friday, February 5. Oppenheimer downgraded the shares of COP in report on Tuesday, August 4 to “Perform” rating. The firm has “Overweight” rating given on Friday, February 2 by Barclays Capital.

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.

By1 Nellie Frank

Automatic Stock Updates

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