Hodges Capital Management Upped By $901,098 Its Bank Of America (BAC) Stake; Panhandle Oil & Gas (PHX) Has 1.17 Sentiment

June 20, 2017 - By Maria Brooks

Hodges Capital Management Inc increased Bank Of America Corporation (BAC) stake by 33.69% reported in 2016Q4 SEC filing. Hodges Capital Management Inc acquired 40,959 shares as Bank Of America Corporation (BAC)’s stock declined 6.00%. The Hodges Capital Management Inc holds 162,547 shares with $3.59M value, up from 121,588 last quarter. Bank Of America Corporation now has $236.84B valuation. The stock increased 2.05% or $0.48 during the last trading session, reaching $23.91. About 54,844 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since June 20, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Panhandle Oil and Gas Inc. is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on its mineral and leasehold acreage. The company has market cap of $393.59 million. The Company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states. It has a 339.51 P/E ratio. The Company’s oil, natural gas liquids and natural gas production is primarily from wells located in Arkansas, Oklahoma and Texas.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.09, from 1.01 in 2016Q3. It is positive, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. Adams Diversified Equity Fund, Maryland-based fund reported 1.14M shares. Capital Intl Investors stated it has 2.85M shares. Legg Mason Asset (Japan) holds 85,200 shares. Sumitomo Life Com, Japan-based fund reported 396,594 shares. Price T Rowe Assocs Md, a Maryland-based fund reported 48.12 million shares. Lazard Asset Mgmt Ltd Llc reported 1.45% in Bank of America Corp (NYSE:BAC). Kcm Investment Advisors Lc reported 393,717 shares. Park National Oh owns 1.12% invested in Bank of America Corp (NYSE:BAC) for 834,899 shares. Brave Asset Mgmt owns 34,472 shares. Jpmorgan Chase & owns 176.00M shares. 846,339 are owned by Golub Gru Lc. Commonwealth Fincl Bank Of accumulated 0.44% or 1.61M shares. Bridgeway Cap invested in 1.24% or 4.29 million shares. First Quadrant Ltd Partnership Ca stated it has 0.41% of its portfolio in Bank of America Corp (NYSE:BAC). Hudson Canyon Invest Counselors Limited Liability Company holds 2.5% in Bank of America Corp (NYSE:BAC) or 78,168 shares.

Among 27 analysts covering Bank of America (NYSE:BAC), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Bank of America had 62 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein upgraded Bank of America Corp (NYSE:BAC) rating on Tuesday, August 25. Bernstein has “Mkt Perform” rating and $19.0 target. The rating was downgraded by Citigroup to “Neutral” on Tuesday, April 4. Robert W. Baird upgraded Bank of America Corp (NYSE:BAC) rating on Tuesday, August 25. Robert W. Baird has “Neutral” rating and $18.0 target. Standpoint Research downgraded Bank of America Corp (NYSE:BAC) on Thursday, December 1 to “Hold” rating. The company was upgraded on Tuesday, August 25 by Macquarie Research. The firm has “Buy” rating given on Wednesday, January 11 by Societe Generale. As per Wednesday, April 12, the company rating was maintained by BMO Capital Markets. Jefferies maintained Bank of America Corp (NYSE:BAC) rating on Wednesday, October 7. Jefferies has “Buy” rating and $18 target. The firm has “Buy” rating by Bernstein given on Tuesday, September 1. Citigroup maintained Bank of America Corp (NYSE:BAC) on Wednesday, January 11 with “Buy” rating.

Hodges Capital Management Inc decreased Steelcase Inc Cl A (NYSE:SCS) stake by 78,110 shares to 939,518 valued at $16.82M in 2016Q4. It also reduced Cf Industries Holdings Inc (NYSE:CF) stake by 138,640 shares and now owns 51,385 shares. Southwest Airlines Co (NYSE:LUV) was reduced too.

Since January 1, 0001, it had 5 insider purchases, and 0 sales for $603,446 activity.

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