Founders Capital Management Raised Mckesson (MCK) Stake by $342,720 as Share Value Rose; As Gulfport Energy (GPOR) Stock Declined, Encompass Capital Advisors Increased Position

January 17, 2018 - By Darrin Black

Founders Capital Management Llc increased its stake in Mckesson Corporation (MCK) by 6% based on its latest 2017Q3 regulatory filing with the SEC. Founders Capital Management Llc bought 2,240 shares as the company’s stock rose 1.84% with the market. The institutional investor held 39,592 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $6.08 million, up from 37,352 at the end of the previous reported quarter. Founders Capital Management Llc who had been investing in Mckesson Corporation for a number of months, seems to be bullish on the $36.03 billion market cap company. The stock increased 1.27% or $2.17 during the last trading session, reaching $172.83. About 1.65 million shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since January 17, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Todd J. Kantor increased its stake in Gulfport Energy Corp (GPOR) by 7.72% based on its latest 2017Q3 regulatory filing with the SEC. Encompass Capital Advisors Llc bought 276,424 shares as the company’s stock declined 17.30% while stock markets rallied. The hedge fund run by Todd J. Kantor held 3.86 million shares of the oil & gas production company at the end of 2017Q3, valued at $55.30M, up from 3.58 million at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Gulfport Energy Corp for a number of months, seems to be bullish on the $2.39 billion market cap company. The stock decreased 0.23% or $0.03 during the last trading session, reaching $13.07. About 1.73 million shares traded. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 45.17% since January 17, 2017 and is downtrending. It has underperformed by 61.87% the S&P500.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 11 have Buy rating, 1 Sell and 10 Hold. Therefore 50% are positive. McKesson Corporation had 73 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Buy” rating by Needham on Monday, October 30. The rating was upgraded by Mizuho to “Buy” on Wednesday, November 9. The rating was downgraded by Standpoint Research to “Hold” on Friday, November 11. The rating was maintained by Jefferies with “Hold” on Tuesday, August 29. Goldman Sachs downgraded McKesson Corporation (NYSE:MCK) on Wednesday, November 4 to “Buy” rating. The stock of McKesson Corporation (NYSE:MCK) has “Mkt Perform” rating given on Tuesday, January 12 by Raymond James. As per Wednesday, November 23, the company rating was downgraded by Credit Suisse. The rating was upgraded by Jefferies on Friday, July 28 to “Buy”. FBR Capital maintained the shares of MCK in report on Thursday, July 30 with “Outperform” rating. On Monday, January 18 the stock rating was maintained by Mizuho with “Buy”.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.07, from 0.95 in 2017Q2. It turned negative, as 65 investors sold MCK shares while 296 reduced holdings. 72 funds opened positions while 246 raised stakes. 180.04 million shares or 2.23% more from 176.11 million shares in 2017Q2 were reported. Advisory Svcs Net holds 1,887 shares or 0.03% of its portfolio. Teacher Retirement Sys Of Texas holds 0.14% of its portfolio in McKesson Corporation (NYSE:MCK) for 147,684 shares. Gamco Et Al invested 0% in McKesson Corporation (NYSE:MCK). Manning Napier Advsr Limited Liability Corp stated it has 0.03% of its portfolio in McKesson Corporation (NYSE:MCK). Girard Prns holds 3,759 shares or 0.12% of its portfolio. First Midwest National Bank & Trust Trust Division accumulated 20,168 shares. Baupost Grp Inc Ltd Liability Ma reported 500,000 shares. Peapack Gladstone Corp invested 0.06% in McKesson Corporation (NYSE:MCK). Johnson Counsel Inc holds 0.01% of its portfolio in McKesson Corporation (NYSE:MCK) for 2,800 shares. Weatherly Asset LP holds 0.44% or 10,843 shares. Clearbridge Invs Lc has invested 0% in McKesson Corporation (NYSE:MCK). Essex Services has 0.06% invested in McKesson Corporation (NYSE:MCK) for 1,660 shares. Westpac holds 0.09% in McKesson Corporation (NYSE:MCK) or 26,791 shares. Bartlett Limited stated it has 1,614 shares. Roanoke Asset Mngmt Ny stated it has 8,100 shares.

Since August 21, 2017, it had 0 buys, and 6 selling transactions for $121.83 million activity. $157,500 worth of McKesson Corporation (NYSE:MCK) shares were sold by JACOBS M CHRISTINE. Lampert Erin M had sold 900 shares worth $140,089 on Thursday, September 7.

Founders Capital Management Llc, which manages about $193.00M and $210.28 million US Long portfolio, decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 14,755 shares to 4,339 shares, valued at $356,000 in 2017Q3, according to the filing. It also reduced its holding in Stryker Corp (NYSE:SYK) by 4,559 shares in the quarter, leaving it with 25,440 shares, and cut its stake in Home Depot Inc (NYSE:HD).

Investors sentiment increased to 1.74 in 2017 Q3. Its up 0.54, from 1.2 in 2017Q2. It improved, as 20 investors sold GPOR shares while 65 reduced holdings. 50 funds opened positions while 98 raised stakes. 155.36 million shares or 0.81% more from 154.12 million shares in 2017Q2 were reported. Tortoise Cap Limited Liability Corp holds 0% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR) for 27,353 shares. Point72 Asia (Hong Kong) Ltd reported 880 shares. Wedge Capital L Lp Nc stated it has 704,255 shares or 0.09% of all its holdings. D E Shaw And Inc has invested 0.11% in Gulfport Energy Corporation (NASDAQ:GPOR). New York-based Blackrock Incorporated has invested 0.01% in Gulfport Energy Corporation (NASDAQ:GPOR). Laurion Management LP reported 13,300 shares stake. Tiaa Cref Investment Mngmt Limited Com holds 642,743 shares or 0.01% of its portfolio. 1.46 million are held by Oslo Asset Mgmt As. Macquarie Gp stated it has 0% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Capital Advisors Ok reported 0.02% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Millennium Management Ltd Company reported 2.13M shares. Lazard Asset Mngmt Ltd Liability Com invested in 0% or 348 shares. Usca Ria Llc has invested 0.08% in Gulfport Energy Corporation (NASDAQ:GPOR). Glenmede Na has invested 0.12% in Gulfport Energy Corporation (NASDAQ:GPOR). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 6,756 shares.

Since December 15, 2017, it had 0 buys, and 8 sales for $2.05 million activity. 4,000 shares were sold by Baldwin Steve, worth $48,666. On Friday, December 15 the insider Zitkus Lester sold $76,218. $85,823 worth of Gulfport Energy Corporation (NASDAQ:GPOR) shares were sold by Groeschel Craig. Another trade for 5,700 shares valued at $69,273 was made by Jones Robert Alan on Friday, December 15. Crowell Keri sold $194,582 worth of Gulfport Energy Corporation (NASDAQ:GPOR) on Friday, December 15. 4,700 Gulfport Energy Corporation (NASDAQ:GPOR) shares with value of $57,164 were sold by Malone Mark.

Encompass Capital Advisors Llc, which manages about $1.18B and $614.38M US Long portfolio, decreased its stake in Laredo Petroleum Inc (NYSE:LPI) by 4.02M shares to 3.31M shares, valued at $42.80 million in 2017Q3, according to the filing. It also reduced its holding in Cimarex Energy Co (NYSE:XEC) by 35,917 shares in the quarter, leaving it with 219,460 shares, and cut its stake in Extraction Oil And Gas Inc.

Among 34 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 25 have Buy rating, 1 Sell and 8 Hold. Therefore 74% are positive. Gulfport Energy Corporation had 83 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Thursday, November 2. Jefferies maintained Gulfport Energy Corporation (NASDAQ:GPOR) rating on Tuesday, August 29. Jefferies has “Buy” rating and $20.0 target. The rating was upgraded by Jefferies on Friday, August 19 to “Hold”. The firm has “Overweight” rating by Piper Jaffray given on Friday, July 8. On Thursday, December 14 the stock rating was maintained by Morgan Stanley with “Underweight”. Morgan Stanley downgraded the stock to “Underweight” rating in Tuesday, March 28 report. The stock has “Buy” rating by RBC Capital Markets on Friday, June 2. The rating was upgraded by Goldman Sachs to “Neutral” on Wednesday, November 11. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) has “Buy” rating given on Monday, November 20 by KeyBanc Capital Markets. Deutsche Bank maintained Gulfport Energy Corporation (NASDAQ:GPOR) on Wednesday, October 14 with “Buy” rating.

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