Smead Capital Management Has Raised Its Kroger Co (KR) Stake by $22.79 Million as Valuation Declined; Helmerich & Payne (HP) Shareholder Grace & White Has Lowered Its Holding

June 21, 2018 - By Nellie Frank

Helmerich & Payne, Inc. (NYSE:HP) Logo

Smead Capital Management Inc increased its stake in Kroger Co (KR) by 105.87% based on its latest 2018Q1 regulatory filing with the SEC. Smead Capital Management Inc bought 990,737 shares as the company’s stock declined 11.63% with the market. The institutional investor held 1.93M shares of the food chains company at the end of 2018Q1, valued at $46.12 million, up from 935,789 at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Kroger Co for a number of months, seems to be bullish on the $21.05 billion market cap company. The stock increased 0.73% or $0.19 during the last trading session, reaching $26.18. About 12.84 million shares traded or 23.60% up from the average. The Kroger Co. (NYSE:KR) has declined 15.83% since June 21, 2017 and is downtrending. It has underperformed by 28.40% the S&P500. Some Historical KR News: 16/04/2018 – Kroger is introducing a program to support continuing education for all part-time and full-time associates following six months of employment; 14/03/2018 – Supervalu: 8 Stores to Be Sold to Kroger Mid-Atlantic; 23/05/2018 – Kroger to Buy Meal-Kit Firm Home Chef for up to $700 Million; 23/03/2018 – There is ‘no truth’ to Target-Kroger merger report, source tells CNBC; 23/05/2018 – KROGER CO -; 17/05/2018 – Ocado’s Kroger deal wins over sceptics and cheers investors; 23/03/2018 – Target and Kroger discussing possible merger – report; 08/03/2018 – KROGER CO – EXPECTS CAPITAL INVESTMENTS, EXCLUDING MERGERS, ACQUISITIONS, AND PURCHASES OF LEASED FACILITIES, TO BE APPROXIMATELY $3.0 BILLION IN 2018; 08/03/2018 – KROGER CEO RODNEY MCMULLEN SPEAKS ON CALL; 17/05/2018 – Kroger to Increase Its Existing Investment in Ocado by 5% in a Subscription Rights Agreement

Grace & White Inc decreased its stake in Helmerich & Payne Inc (HP) by 3.21% based on its latest 2018Q1 regulatory filing with the SEC. Grace & White Inc sold 6,591 shares as the company’s stock declined 1.29% with the market. The institutional investor held 198,637 shares of the energy company at the end of 2018Q1, valued at $13.22M, down from 205,228 at the end of the previous reported quarter. Grace & White Inc who had been investing in Helmerich & Payne Inc for a number of months, seems to be less bullish one the $7.03 billion market cap company. The stock increased 0.87% or $0.56 during the last trading session, reaching $64.6. About 991,618 shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 23.74% since June 21, 2017 and is uptrending. It has outperformed by 11.17% the S&P500. Some Historical HP News: 28/03/2018 – HELMERICH & PAYNE SEEING ABILITY TO PUSH UP RIG RENTAL PRICES; 26/04/2018 – HELMERICH AND PAYNE INC – QUARTERLY U.S. LAND AVERAGE RIG REVENUE PER DAY INCREASED BY OVER $500 PER DAY OR OVER 2% SEQUENTIALLY; 26/04/2018 – HELMERICH & PAYNE EARNINGS CONFERENCE CALL BEGINS; 19/04/2018 – HP WAS INTERESTED IN REVERSE MORRIS TRUST WITH XEROX: LAWSUIT; 26/04/2018 – Helmerich & Payne Still Sees FY18 Capital Expenditures of Approximately $400M-$450M; 27/03/2018 – Helmerich & Payne Again Raises FY18 Capital Spending View; 27/04/2018 – HELMERICH AND PAYNE INC HP.N : DEUTSCHE BANK RAISES TARGET PRICE TO $66 FROM $60; 26/04/2018 – Helmerich & Payne 2Q Rev $577.5M; 26/04/2018 – HELMERICH AND PAYNE INC QTRLY REV $577.5 MLN VS $405.3 MLN; 28/03/2018 – HELMERICH INCREASED FISCAL ’18 CAPEX TO RANGE $400M TO $450M

Grace & White Inc, which manages about $820.58 million and $487.21M US Long portfolio, upped its stake in Summit Hotel Pptys Inc Com (NYSE:INN) by 55,700 shares to 297,749 shares, valued at $4.05 million in 2018Q1, according to the filing. It also increased its holding in Murphy Oil Corp Com (NYSE:MUR) by 43,500 shares in the quarter, for a total of 355,656 shares, and has risen its stake in Brighthouse Finl Inc Com.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on July, 26. They expect $0.03 earnings per share, up 116.67% or $0.21 from last year’s $-0.18 per share. HP’s profit will be $3.27 million for 538.33 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual earnings per share reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts -160.00% EPS growth.

More notable recent Helmerich & Payne, Inc. (NYSE:HP) news were published by: Seekingalpha.com which released: “Nvidia: The Rally Might Just Be Getting Started” on June 17, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Diamondback Energy, Dr Pepper, Fortinet, KB Home, Netflix, Sirius XM and …” published on June 19, 2018, Globenewswire.com published: “New Research: Key Drivers of Growth for Columbia Banking System, Helmerich & Payne, Spirit Airlines, Keane Group …” on June 18, 2018. More interesting news about Helmerich & Payne, Inc. (NYSE:HP) were released by: Streetinsider.com and their article: “Jefferies Upgrades Helmerich & Payne (HP) to Buy” published on June 19, 2018 as well as 247Wallst.com‘s news article titled: “Jefferies Says Buy Land Drillers Now in Huge Contrarian Call” with publication date: June 20, 2018.

Among 37 analysts covering Helmerich & Payne (NYSE:HP), 11 have Buy rating, 7 Sell and 19 Hold. Therefore 30% are positive. Helmerich & Payne has $94 highest and $14 lowest target. $60.29’s average target is -6.67% below currents $64.6 stock price. Helmerich & Payne had 137 analyst reports since August 3, 2015 according to SRatingsIntel. Argus Research upgraded Helmerich & Payne, Inc. (NYSE:HP) on Thursday, September 15 to “Buy” rating. Jefferies maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Monday, July 11. Jefferies has “Underweight” rating and $43 target. The rating was upgraded by Argus Research to “Buy” on Monday, January 9. The company was upgraded on Wednesday, August 26 by JP Morgan. The firm has “Outperform” rating given on Friday, January 29 by FBR Capital. The stock has “Hold” rating by Jefferies on Tuesday, June 6. Stephens upgraded the shares of HP in report on Friday, August 28 to “Overweight” rating. Bank of America downgraded the shares of HP in report on Friday, June 30 to “Neutral” rating. Morgan Stanley downgraded Helmerich & Payne, Inc. (NYSE:HP) on Thursday, March 17 to “Underweight” rating. The firm earned “Buy” rating on Monday, December 14 by KLR Group.

Since February 2, 2018, it had 0 buys, and 4 sales for $5.10 million activity. On Friday, February 2 MARSHALL CHAPMAN PAULA sold $294,306 worth of Helmerich & Payne, Inc. (NYSE:HP) or 4,122 shares. Another trade for 10,880 shares valued at $717,018 was sold by Tardio Juan Pablo.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.03, from 0.96 in 2017Q4. It dropped, as 37 investors sold HP shares while 168 reduced holdings. 75 funds opened positions while 115 raised stakes. 101.56 million shares or 9.96% less from 112.80 million shares in 2017Q4 were reported. Two Sigma Ltd Company holds 0.01% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 15,238 shares. 3,840 are held by Meiji Yasuda Life Insur Communications. Mackenzie Financial stated it has 180,483 shares or 0.03% of all its holdings. Reliance Com Of Delaware invested in 4,209 shares or 0.04% of the stock. Hanson Mcclain, a California-based fund reported 60 shares. Mitsubishi Ufj Tru And Banking, Japan-based fund reported 227,913 shares. Abner Herrman Brock Ltd accumulated 3,500 shares. 19,380 are owned by State Of Alaska Department Of Revenue. Alphamark Advsrs Ltd Liability invested in 2,809 shares. Ent Financial Services Corp, a Missouri-based fund reported 256 shares. Rech Mngmt owns 30,015 shares. Honeywell International reported 0.45% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Bankshares Of Nova Scotia has 10,982 shares. Bankshares Of Montreal Can owns 307,236 shares for 0.02% of their portfolio. Bollard Group Ltd Com holds 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 176 shares.

Among 37 analysts covering Kroger (NYSE:KR), 18 have Buy rating, 0 Sell and 19 Hold. Therefore 49% are positive. Kroger has $48 highest and $19.0 lowest target. $31.44’s average target is 20.09% above currents $26.18 stock price. Kroger had 112 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of The Kroger Co. (NYSE:KR) earned “Market Perform” rating by Telsey Advisory Group on Friday, June 16. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, July 26 report. The company was maintained on Tuesday, December 26 by Citigroup. The stock of The Kroger Co. (NYSE:KR) has “Outperform” rating given on Thursday, March 23 by RBC Capital Markets. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, September 7. Stephens maintained the stock with “Hold” rating in Friday, March 9 report. On Monday, September 14 the stock rating was maintained by Jefferies with “Hold”. Northcoast upgraded the shares of KR in report on Monday, December 7 to “Buy” rating. As per Friday, December 1, the company rating was maintained by Telsey Advisory Group. Deutsche Bank maintained The Kroger Co. (NYSE:KR) rating on Thursday, September 17. Deutsche Bank has “Buy” rating and $45 target.

Since January 22, 2018, it had 0 buys, and 5 selling transactions for $2.36 million activity. $471,200 worth of stock was sold by Foley Todd A on Tuesday, January 30. The insider Clark Robert W sold 11,000 shares worth $325,292. HJELM CHRISTOPHER T sold $245,120 worth of stock or 8,000 shares.

More important recent The Kroger Co. (NYSE:KR) news were published by: Streetinsider.com which released: “Kroger (KR) PT Raised to $30 at Pivotal Research” on June 20, 2018, also Benzinga.com published article titled: “Earnings Scheduled For June 21, 2018”, Seekingalpha.com published: “Kroger: Investment Drive Should Fuel Profits” on May 31, 2018. More interesting news about The Kroger Co. (NYSE:KR) was released by: Fool.com and their article: “A Single Tea Leaf in Kroger’s Upcoming Earnings” with publication date: June 20, 2018.

The Kroger Co. (NYSE:KR) Institutional Positions Chart

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