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Steinberg Global Asset Management Has Cut Its Stake in Conocophillips (COP) by $340,308 as Stock Price Rose; Caesars Entmt (CZR) Position Maintained by Anchorage Capital Group Llc

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Steinberg Global Asset Management decreased its stake in Conocophillips (COP) by 61.52% based on its latest 2017Q4 regulatory filing with the SEC. Steinberg Global Asset Management sold 6,302 shares as the company’s stock rose 6.56% while stock markets declined. The institutional investor held 3,942 shares of the integrated oil company at the end of 2017Q4, valued at $216,000, down from 10,244 at the end of the previous reported quarter. Steinberg Global Asset Management who had been investing in Conocophillips for a number of months, seems to be less bullish one the $81.66B market cap company. The stock decreased 1.23% or $0.8668 during the last trading session, reaching $69.7932. About 2.89M shares traded. ConocoPhillips (NYSE:COP) has risen 33.53% since May 18, 2017 and is uptrending. It has outperformed by 21.98% the S&P500.

Anchorage Capital Group Llc increased its stake in Caesars Entmt Corp (CZR) by 73.91% based on its latest 2017Q4 regulatory filing with the SEC. Anchorage Capital Group Llc bought 850,000 shares as the company’s stock declined 12.35% with the market. The hedge fund held 2.00M shares of the hotels and resorts company at the end of 2017Q4, valued at $25.30 million, up from 1.15M at the end of the previous reported quarter. Anchorage Capital Group Llc who had been investing in Caesars Entmt Corp for a number of months, seems to be bullish on the $8.82B market cap company. The stock decreased 2.28% or $0.3 during the last trading session, reaching $12.85. About 13.57M shares traded or 4.72% up from the average. Caesars Entertainment Corporation (NASDAQ:CZR) has risen 18.92% since May 18, 2017 and is uptrending. It has outperformed by 7.37% the S&P500.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on July, 26. They expect $0.88 earnings per share, up 528.57% or $0.74 from last year’s $0.14 per share. COP’s profit will be $1.03 billion for 19.83 P/E if the $0.88 EPS becomes a reality. After $0.96 actual earnings per share reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.

Steinberg Global Asset Management, which manages about $604.10M and $695.45M US Long portfolio, upped its stake in Ishares Tr (IDV) by 9,105 shares to 66,307 shares, valued at $2.24 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Intl Equity Index F (VEU) by 6,058 shares in the quarter, for a total of 37,636 shares, and has risen its stake in Ishares Tr (IEFA).

Since March 29, 2018, it had 0 insider buys, and 5 sales for $16.98 million activity. The insider Freeman Jody sold 3,716 shares worth $243,586. Shares for $1.47 million were sold by LUNDQUIST ANDREW D.

More notable recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “ConocoPhillips’s (COP) Presents at Annual Shareholders Meeting Conference (Transcript)” on May 15, 2018, also Seekingalpha.com with their article: “Thoughts On ConocoPhillips As 2018 Gets Underway” published on April 30, 2018, Seekingalpha.com published: “ConocoPhillips Seems Overbought Now” on May 07, 2018. More interesting news about ConocoPhillips (NYSE:COP) were released by: Seekingalpha.com and their article: “Conoco seizes PDVSA refinery products” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “ConocoPhillips: Let Profits Run” with publication date: April 23, 2018.

Investors sentiment increased to 0.72 in Q4 2017. Its up 0.09, from 0.63 in 2017Q3. It improved, as 42 investors sold COP shares while 534 reduced holdings. 121 funds opened positions while 296 raised stakes. 805.62 million shares or 1.13% less from 814.86 million shares in 2017Q3 were reported. Wedge Capital Mngmt L Ltd Partnership Nc stated it has 0.14% of its portfolio in ConocoPhillips (NYSE:COP). Paradigm Asset Mgmt Ltd Company invested in 0.06% or 3,900 shares. Tdam Usa has invested 0.07% in ConocoPhillips (NYSE:COP). Trustmark State Bank Tru Department accumulated 0.18% or 30,653 shares. Fred Alger Mgmt owns 28,673 shares or 0.01% of their US portfolio. Indiana Trust And Management owns 3,710 shares. Nomura Holdings invested 0.01% of its portfolio in ConocoPhillips (NYSE:COP). Grandfield Dodd invested in 51,497 shares. Bedell Frazier Invest Counseling Llc has 2.74% invested in ConocoPhillips (NYSE:COP) for 133,931 shares. Lee Danner Bass Inc owns 5,316 shares for 0.03% of their portfolio. North Star Management accumulated 48,888 shares or 0.33% of the stock. Hudson Valley Investment Inc Adv, New York-based fund reported 44,505 shares. Charter Trust holds 26,764 shares. United Fire Grp Inc holds 0.18% of its portfolio in ConocoPhillips (NYSE:COP) for 10,059 shares. Indexiq Advsr Ltd Liability holds 20,664 shares.

Among 26 analysts covering ConocoPhillips (NYSE:COP), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. ConocoPhillips had 101 analyst reports since August 4, 2015 according to SRatingsIntel. UBS maintained ConocoPhillips (NYSE:COP) on Friday, February 5 with “Neutral” rating. The firm has “Hold” rating given on Thursday, February 4 by Societe Generale. On Wednesday, January 11 the stock rating was upgraded by Societe Generale to “Buy”. The company was maintained on Monday, October 31 by RBC Capital Markets. The stock of ConocoPhillips (NYSE:COP) has “Outperform” rating given on Friday, March 31 by Cowen & Co. Goldman Sachs maintained the shares of COP in report on Thursday, June 22 with “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $6200 target in Friday, July 14 report. The stock of ConocoPhillips (NYSE:COP) earned “Underperform” rating by CLSA on Tuesday, November 15. The firm earned “Buy” rating on Thursday, November 9 by RBC Capital Markets. The stock has “Buy” rating by Cowen & Co on Sunday, August 20.

Investors sentiment increased to 4.4 in Q4 2017. Its up 2.81, from 1.59 in 2017Q3. It is positive, as 16 investors sold CZR shares while 29 reduced holdings. 115 funds opened positions while 83 raised stakes. 1.25 billion shares or 802.48% more from 138.17 million shares in 2017Q3 were reported. Water Island Capital Llc invested in 0.43% or 546,000 shares. Van Eck Associates holds 0.01% in Caesars Entertainment Corporation (NASDAQ:CZR) or 153,101 shares. Swiss Natl Bank invested 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Frontfour Ltd Liability Co owns 954,163 shares for 3.26% of their portfolio. Maplelane Cap Llc reported 1.43 million shares stake. Prudential Public Limited Co invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Aperio Group Ltd Llc holds 0% or 23,726 shares in its portfolio. Oak Hill Advisors Lp owns 3.21% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 300,467 shares. Moreover, Price T Rowe Associate Md has 0.08% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 40.13 million shares. The New York-based Highline Cap Management LP has invested 3.98% in Caesars Entertainment Corporation (NASDAQ:CZR). Soros Fund Mgmt Ltd holds 9.98% or 34.50 million shares in its portfolio. Moreover, Anchorage Capital Gru Ltd Llc has 0.75% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 2.00 million shares. Verition Fund Mgmt Ltd Liability Corporation stated it has 35,725 shares. Credit Suisse Ag accumulated 176,187 shares or 0% of the stock. Magnetar Financial Limited Company has 0.01% invested in Caesars Entertainment Corporation (NASDAQ:CZR).

Among 6 analysts covering Caesars Entertainment (NASDAQ:CZR), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Caesars Entertainment had 10 analyst reports since December 14, 2015 according to SRatingsIntel. The rating was initiated by Nomura with “Hold” on Friday, October 6. SunTrust maintained Caesars Entertainment Corporation (NASDAQ:CZR) on Monday, February 5 with “Buy” rating. As per Tuesday, June 6, the company rating was maintained by Oppenheimer. The rating was maintained by SunTrust on Tuesday, October 24 with “Buy”. The stock has “Buy” rating by Nomura on Wednesday, March 7. Barclays Capital maintained the shares of CZR in report on Monday, December 14 with “Underweight” rating. The stock of Caesars Entertainment Corporation (NASDAQ:CZR) has “Buy” rating given on Wednesday, May 31 by Oppenheimer.

More notable recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Fool.com which released: “Why Caesars Entertainment, NXP Semiconductor, and Symantec Jumped Today” on May 14, 2018, also Seekingalpha.com with their article: “Caesars preps for Japan marathon” published on May 11, 2018, Seekingalpha.com published: “Caesars Entertainment ready to pounce in sports betting” on May 18, 2018. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) were released by: Fool.com and their article: “Sports Betting Opens New World For Gaming Companies” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Highlights from Appaloosa’s Q1” with publication date: May 15, 2018.

ConocoPhillips (NYSE:COP) Institutional Positions Chart

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