Chevron New (CVX) Holder Biondo Investment Advisors Has Cut Stake as Market Valuation Declined; Icon Plc (ICLR) Shareholder Wasatch Advisors Has Lowered Stake by $12.82 Million as Stock Value Rose

September 14, 2018 - By Gregory Tomko

ICON Public Limited Company (NASDAQ:ICLR) Logo

Wasatch Advisors Inc decreased its stake in Icon Plc (ICLR) by 5.86% based on its latest 2018Q2 regulatory filing with the SEC. Wasatch Advisors Inc sold 97,143 shares as the company’s stock rose 9.61% with the market. The institutional investor held 1.56 million shares of the commercial physical & biological resarch company at the end of 2018Q2, valued at $207.01 million, down from 1.66 million at the end of the previous reported quarter. Wasatch Advisors Inc who had been investing in Icon Plc for a number of months, seems to be less bullish one the $7.95 billion market cap company. The stock increased 0.21% or $0.31 during the last trading session, reaching $146.28. About 48,266 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 29.15% since September 14, 2017 and is uptrending. It has outperformed by 13.53% the S&P500. Some Historical ICLR News: 15/05/2018 – Saama Technologies and ICON Commercialization and Outcomes Partner to Unlock the Value of Real World Evidence (RWE); 17/04/2018 – ICON Announces Agreement with Intel Allowing Integration of the lntelĀ® Pharma Analytics Platform for Clinical Trials; 17/04/2018 – INTEL TO ENABLE ICON TO OFFER INTEL PHARMA ANALYTICS PLATFORM; 17/04/2018 – ICON Announces Agreement With Intel Allowing Integration of the Intel(R) Pharma Analytics Platform for Clinical Trials; 17/04/2018 – ICON PLC – AGREED ON PRELIMINARY DEAL TERMS WITH INTEL TO ENABLE ICON TO OFFER INTEL PHARMA ANALYTICS PLATFORM FOR USE IN CLINICAL TRIALS; 02/05/2018 – ICON 1Q ADJ EPS $1.44, EST. $1.42; 14/05/2018 – ICON Announces Clinical Research partnership with DuPage Medical Group; 30/05/2018 – Icon at Goldman Sachs Global Health Care Conference Jun 14; 07/03/2018 Icon Non-Deal Roadshow Scheduled By SunTrust for Mar. 14; 02/05/2018 – Icon 1Q EPS $1.42

Biondo Investment Advisors Llc decreased its stake in Chevron Corp New (CVX) by 7.84% based on its latest 2018Q2 regulatory filing with the SEC. Biondo Investment Advisors Llc sold 3,885 shares as the company’s stock declined 8.88% while stock markets rallied. The institutional investor held 45,645 shares of the integrated oil company at the end of 2018Q2, valued at $5.82 million, down from 49,530 at the end of the previous reported quarter. Biondo Investment Advisors Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $223.77B market cap company. The stock increased 0.41% or $0.48 during the last trading session, reaching $116.78. About 2.21 million shares traded. Chevron Corporation (NYSE:CVX) has risen 2.93% since September 14, 2017 and is uptrending. It has underperformed by 12.69% the S&P500. Some Historical CVX News: 05/03/2018 – CHEVRON IS SAID TO BE IN TALKS TO SELL CANADA LNG STAKE: RTRS; 06/03/2018 – Chevron Phillips Chemical Announces that Maricela Caballero will Succeed Greg Wagner as Vice President of Human Re; 07/03/2018 – CHEVRON NORTH AMERICA HEAD SHELLEBARGER SPEAKS IN INTERVIEW; 06/03/2018 – CHEVRON – CO IS ADVANCING DEVELOPMENT OF UNCONVENTIONAL RESOURCES, PARTICULARLY IN U.S. PERMIAN BASIN; 12/04/2018 – Channel NewsAsia: Exclusive: Chevron, Exxon seek ‘small refinery’ waivers from US biofuels law; 23/04/2018 – CNBC Wires: EXCLUSIVE-Arrested Chevron workers could face treason charge in Venezuela; 16/05/2018 – CHEVRON, PTTEP, MUBADALA, TOTAL, OMV SUBMIT THAI AUCTION DOCS; 27/04/2018 – Chevron reported earnings of $1.90 per share, compared with $1.48 forecast by Thomson Reuters; 23/04/2018 – Yahoo! UK: Exclusive – Arrested Chevron workers could face treason charge in Venezuela; 21/03/2018 – Tengizchevroil to double LPG export through Taman port in 2018 – traders

Among 12 analysts covering Icon plc (NASDAQ:ICLR), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Icon plc had 44 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of ICLR in report on Friday, October 27 with “Equal-Weight” rating. Jefferies downgraded the shares of ICLR in report on Friday, June 3 to “Hold” rating. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Buy” rating given on Thursday, February 15 by Robert W. Baird. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Buy” rating given on Thursday, February 15 by Credit Suisse. Robert W. Baird maintained it with “Buy” rating and $134.0 target in Thursday, October 26 report. Jefferies maintained ICON Public Limited Company (NASDAQ:ICLR) rating on Monday, September 11. Jefferies has “Buy” rating and $122.0 target. On Monday, October 16 the stock rating was maintained by Credit Suisse with “Buy”. The company was maintained on Wednesday, July 27 by Jefferies. The stock of ICON Public Limited Company (NASDAQ:ICLR) earned “Buy” rating by Robert W. Baird on Thursday, August 31. KeyBanc Capital Markets maintained it with “Buy” rating and $125.0 target in Monday, November 13 report.

Wasatch Advisors Inc, which manages about $19.28B and $8.31 billion US Long portfolio, upped its stake in Ebix Inc. (NASDAQ:EBIX) by 16,498 shares to 229,925 shares, valued at $17.53 million in 2018Q2, according to the filing. It also increased its holding in Entergy Corp. (NYSE:ETR) by 37,500 shares in the quarter, for a total of 69,500 shares, and has risen its stake in Bandwidth Inc..

Analysts await ICON Public Limited Company (NASDAQ:ICLR) to report earnings on October, 25. They expect $1.54 earnings per share, up 14.07% or $0.19 from last year’s $1.35 per share. ICLR’s profit will be $83.66M for 23.75 P/E if the $1.54 EPS becomes a reality. After $1.51 actual earnings per share reported by ICON Public Limited Company for the previous quarter, Wall Street now forecasts 1.99% EPS growth.

Since April 17, 2018, it had 0 buys, and 10 insider sales for $50.35 million activity. JOHNSON JAMES WILLIAM sold $603,067 worth of stock. Wirth Michael K sold $16.64 million worth of stock or 130,000 shares. 12,000 shares were sold by Geagea Joseph C, worth $1.54M. Yarrington Patricia E sold $17.55M worth of Chevron Corporation (NYSE:CVX) on Friday, May 11. Pate R. Hewitt also sold $3.31M worth of Chevron Corporation (NYSE:CVX) shares.

Among 37 analysts covering Chevron Corporation (NYSE:CVX), 27 have Buy rating, 0 Sell and 10 Hold. Therefore 73% are positive. Chevron Corporation had 129 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Wednesday, March 9 by Credit Suisse. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Monday, July 11 by Jefferies. As per Friday, July 21, the company rating was maintained by Citigroup. BMO Capital Markets upgraded the stock to “Buy” rating in Thursday, January 11 report. The firm earned “Neutral” rating on Wednesday, March 7 by Credit Suisse. Societe Generale upgraded the shares of CVX in report on Friday, February 2 to “Buy” rating. The company was upgraded on Monday, December 21 by Macquarie Research. The company was maintained on Wednesday, July 11 by Barclays Capital. On Wednesday, April 12 the stock rating was maintained by Jefferies with “Buy”. The firm has “Overweight” rating given on Tuesday, November 1 by Morgan Stanley.

Biondo Investment Advisors Llc, which manages about $423.40M and $396.54 million US Long portfolio, upped its stake in Alphabet Inc Cap Stk by 818 shares to 12,601 shares, valued at $14.23M in 2018Q2, according to the filing. It also increased its holding in Schlumberger Ltd (NYSE:SLB) by 4,545 shares in the quarter, for a total of 104,287 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Investors sentiment increased to 1.03 in Q2 2018. Its up 0.13, from 0.9 in 2018Q1. It increased, as 33 investors sold CVX shares while 684 reduced holdings. 136 funds opened positions while 604 raised stakes. 1.19 billion shares or 0.47% more from 1.19 billion shares in 2018Q1 were reported. 154,219 are owned by Private Asset Mngmt. Pitcairn has invested 0.17% in Chevron Corporation (NYSE:CVX). 3G Cap Ptnrs Limited Partnership has invested 2.62% in Chevron Corporation (NYSE:CVX). Aimz Invest Ltd Com reported 2,824 shares. Creative Planning accumulated 0.13% or 267,214 shares. Hexavest invested in 408,678 shares or 0.67% of the stock. Abner Herrman Brock Ltd Liability Corp invested 0.74% of its portfolio in Chevron Corporation (NYSE:CVX). Kistler invested in 0.79% or 14,139 shares. Stephens Ar owns 179,109 shares for 0.68% of their portfolio. State Of New Jersey Common Pension Fund D invested in 0.77% or 1.61M shares. Kayne Anderson Rudnick Ltd Liability Company accumulated 0.05% or 61,579 shares. Saturna Cap holds 0.02% of its portfolio in Chevron Corporation (NYSE:CVX) for 4,294 shares. Moreover, Diligent Investors Ltd Com has 0.7% invested in Chevron Corporation (NYSE:CVX). Cv Starr & invested 1.7% of its portfolio in Chevron Corporation (NYSE:CVX). Fifth Third Comml Bank holds 983,766 shares.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron: Cash Flow Is King” on September 06, 2018, also Finance.Yahoo.com with their article: “Is Chevron Corporation (NYSE:CVX) A Smart Pick For Income Investors?” published on September 08, 2018, Seekingalpha.com published: “Chevron: Options To Boost The Yield” on August 30, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron signs with Sempra’s iEnova for Mexican refined fuels terminal” with publication date: September 14, 2018.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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