Dekabank Deutsche Girozentrale Has Boosted Position in Conocophillips (COP) by $14.10 Million as Valuation Rose; Cannell Capital Holding in Craft Brew Alliance (BREW) Trimmed as Market Value Declined

September 14, 2018 - By Ricky Cave

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Cannell Capital Llc decreased its stake in Craft Brew Alliance Inc (BREW) by 17.81% based on its latest 2018Q2 regulatory filing with the SEC. Cannell Capital Llc sold 130,497 shares as the company’s stock declined 8.33% while stock markets rallied. The hedge fund held 602,148 shares of the consumer non-durables company at the end of 2018Q2, valued at $12.43M, down from 732,645 at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Craft Brew Alliance Inc for a number of months, seems to be less bullish one the $343.69 million market cap company. The stock decreased 1.39% or $0.25 during the last trading session, reaching $17.75. About 51,821 shares traded. Craft Brew Alliance, Inc. (NASDAQ:BREW) has risen 5.52% since September 14, 2017 and is uptrending. It has underperformed by 10.10% the S&P500.

Dekabank Deutsche Girozentrale increased its stake in Conocophillips (COP) by 89.55% based on its latest 2018Q2 regulatory filing with the SEC. Dekabank Deutsche Girozentrale bought 204,420 shares as the company’s stock rose 3.38% with the market. The institutional investor held 432,697 shares of the integrated oil company at the end of 2018Q2, valued at $29.99M, up from 228,277 at the end of the previous reported quarter. Dekabank Deutsche Girozentrale who had been investing in Conocophillips for a number of months, seems to be bullish on the $85.41B market cap company. The stock increased 1.31% or $0.95 during the last trading session, reaching $73.5. About 4.47M shares traded. ConocoPhillips (NYSE:COP) has risen 60.18% since September 14, 2017 and is uptrending. It has outperformed by 44.56% the S&P500. Some Historical COP News: 11/05/2018 – PDVSA HAS TRANSFERRED OWNERSHIP OF OIL INVENTORIES AT ISLA REFINERY TO AVOID POTENTIAL SEIZURES; 02/04/2018 – COP RECENTLY BOUGHT ~35K NET ACRES IN MONTNEY PLAY FOR ~$120M; 28/03/2018 – CONOCOPHILLIPS REPORTS PRICING OF CASH TENDER OFFER UP TO $400M; 07/05/2018 – SHIPPERS, ISLA REFINERY IN CURACAO EXPECT ATTACHMENT ORDERS BY CONOCO OVER ARBITRATION AWARD AGAINST PDVSA TO BE RE-SUBMITTED IN COMING DAYS; 23/05/2018 – ConocoPhillips Announces Cash Tender Offer for Up to $1.75 B of Debt Securities; 08/05/2018 – Venezuela’s PDVSA diverts crude tanker from Curacao -shipper, data; 28/03/2018 – CONOCOPHILLIPS – EARLY RESULTS OF TENDER OFFER CO TO PURCHASE UP TO $400 MLN IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING DEBT SECURITIES; 15/05/2018 – CONOCOPHILLIPS COP.N CEO SAYS BELIEVES HAS ‘INDUSTRY-LEADING’ POSITION IN LOW OPERATING COSTS; 08/05/2018 – CURACAO READY TO BUY FUEL ON GLOBAL MARKET IF ISLA REFINERY CANNOT CONTINUE OPERATIONS- PRIME MINISTER; 15/05/2018 – CONOCOPHILLIPS ON PACE TO CUT DEBT TO $15B BY YR END: SLIDES

Since March 29, 2018, it had 0 buys, and 12 insider sales for $41.74 million activity. KELLY JANET LANGFORD sold $7.97M worth of stock or 114,184 shares. LUNDQUIST ANDREW D sold $1.47 million worth of stock or 25,000 shares. On Monday, April 30 Freeman Jody sold $243,586 worth of ConocoPhillips (NYSE:COP) or 3,716 shares. The insider Schwarz Glenda Mae sold 18,882 shares worth $1.34M. Lance Ryan Michael sold $11.54M worth of ConocoPhillips (NYSE:COP) on Wednesday, August 22.

Investors sentiment increased to 0.87 in Q2 2018. Its up 0.20, from 0.67 in 2018Q1. It is positive, as 28 investors sold COP shares while 507 reduced holdings. 133 funds opened positions while 334 raised stakes. 801.11 million shares or 0.56% less from 805.59 million shares in 2018Q1 were reported. Fmr has invested 0.38% in ConocoPhillips (NYSE:COP). Livingston Group Inc Asset (Operating As Southport Capital Management) has invested 0.48% of its portfolio in ConocoPhillips (NYSE:COP). Miles Cap holds 0.16% of its portfolio in ConocoPhillips (NYSE:COP) for 3,785 shares. 35,605 were accumulated by Amica Pension Fund Board Of Trustees. Richard Bernstein Advsrs Lc reported 100,106 shares stake. Signaturefd Limited Liability Corporation owns 6,693 shares. Usa Portformulas Corp holds 11,294 shares. Salem Counselors has invested 0.23% in ConocoPhillips (NYSE:COP). Secor Capital LP owns 4 shares or 0% of their US portfolio. Ghp Inv Advsr Incorporated accumulated 0.18% or 18,524 shares. Hartford Inv Management invested in 153,537 shares or 0.33% of the stock. Capstone Ltd Limited Liability Company holds 0.01% or 5,424 shares in its portfolio. Washington Tru Co reported 18,220 shares. Invesco Ltd owns 11.32M shares or 0.26% of their US portfolio. Moreover, Finemark Commercial Bank Trust has 0.11% invested in ConocoPhillips (NYSE:COP) for 26,010 shares.

Among 28 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 10 Hold. Therefore 61% are positive. ConocoPhillips had 111 analyst reports since August 4, 2015 according to SRatingsIntel. As per Monday, August 24, the company rating was upgraded by Vetr. The firm earned “Overweight” rating on Friday, February 2 by Barclays Capital. Cowen & Co upgraded it to “Outperform” rating and $59 target in Monday, December 12 report. Jefferies maintained the stock with “Buy” rating in Wednesday, December 20 report. Bernstein upgraded it to “Outperform” rating and $82 target in Friday, June 8 report. On Friday, October 27 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating by Jefferies given on Tuesday, August 29. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Jefferies on Friday, October 6. As per Thursday, January 18, the company rating was maintained by Cowen & Co. The firm has “Overweight” rating by Piper Jaffray given on Friday, October 28.

More notable recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “ConocoPhillips’s Big Windfall?” on August 21, 2018, also Seekingalpha.com with their article: “BP Set To Expand Massive UK Oil Field” published on September 14, 2018, Seekingalpha.com published: “Exxon reaches deal with Alaska to feed LNG project” on September 10, 2018. More interesting news about ConocoPhillips (NYSE:COP) were released by: Fool.com and their article: “Forget ConocoPhillips, Consider These 2 Energy Stocks Instead” published on September 12, 2018 as well as Seekingalpha.com‘s news article titled: “ConocoPhillips – My Analysis After 2nd Quarter Results” with publication date: August 20, 2018.

Dekabank Deutsche Girozentrale, which manages about $15.38 billion US Long portfolio, decreased its stake in Invesco Ltd (NYSE:IVZ) by 20,292 shares to 57,762 shares, valued at $1.61M in 2018Q2, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 288,939 shares in the quarter, leaving it with 1.84 million shares, and cut its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

More news for Craft Brew Alliance, Inc. (NASDAQ:BREW) were recently published by: Fool.com, which released: “Is Craft Brew Alliance the Craft Brewer to Watch?” on August 20, 2018. Fool.com‘s article titled: “3 Top Small-Cap Stocks to Buy Right Now” and published on August 23, 2018 is yet another important article.

Cannell Capital Llc, which manages about $347.86 million and $390.14M US Long portfolio, upped its stake in Heritage Crystal Clean Inc (NASDAQ:HCCI) by 80,135 shares to 690,199 shares, valued at $13.87 million in 2018Q2, according to the filing. It also increased its holding in Exterran Corp by 163,896 shares in the quarter, for a total of 498,929 shares, and has risen its stake in Sparton Corp (NYSE:SPA).

Analysts await Craft Brew Alliance, Inc. (NASDAQ:BREW) to report earnings on November, 14. They expect $0.13 EPS, up 44.44% or $0.04 from last year’s $0.09 per share. BREW’s profit will be $2.52 million for 34.13 P/E if the $0.13 EPS becomes a reality. After $0.23 actual EPS reported by Craft Brew Alliance, Inc. for the previous quarter, Wall Street now forecasts -43.48% negative EPS growth.

Since March 23, 2018, it had 1 insider buy, and 0 sales for $4,278 activity.

Craft Brew Alliance, Inc. (NASDAQ:BREW) Institutional Positions Chart

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