As Bp Plc F Sponsored Adr 1 Adr R (BP) Share Value Declined, Doheny Asset Management Boosted Stake by $777,000; Exchange Capital Management Position in Dominion Resources (D) Has Raised as Shares Declined

May 16, 2018 - By Hazel Jackson

BP p.l.c. (NYSE:BP) Logo

Exchange Capital Management Inc increased its stake in Dominion Resources Inc (D) by 205.32% based on its latest 2017Q4 regulatory filing with the SEC. Exchange Capital Management Inc bought 16,604 shares as the company’s stock declined 13.95% with the market. The institutional investor held 24,691 shares of the public utilities company at the end of 2017Q4, valued at $2.00M, up from 8,087 at the end of the previous reported quarter. Exchange Capital Management Inc who had been investing in Dominion Resources Inc for a number of months, seems to be bullish on the $41.50B market cap company. The stock decreased 1.44% or $0.93 during the last trading session, reaching $63.59. About 1.64 million shares traded. Dominion Energy, Inc. (NYSE:D) has declined 11.17% since May 16, 2017 and is downtrending. It has underperformed by 22.72% the S&P500.

Doheny Asset Management increased its stake in Bp Plc F Sponsored Adr 1 Adr R (BP) by 19.39% based on its latest 2017Q4 regulatory filing with the SEC. Doheny Asset Management bought 18,500 shares as the company’s stock declined 3.20% with the market. The institutional investor held 113,900 shares of the integrated oil company at the end of 2017Q4, valued at $4.79 million, up from 95,400 at the end of the previous reported quarter. Doheny Asset Management who had been investing in Bp Plc F Sponsored Adr 1 Adr R for a number of months, seems to be bullish on the $155.32 billion market cap company. The stock decreased 0.29% or $0.135 during the last trading session, reaching $46.655. About 3.63 million shares traded. BP p.l.c. (NYSE:BP) has risen 18.43% since May 16, 2017 and is uptrending. It has outperformed by 6.88% the S&P500.

Among 30 analysts covering BP (NYSE:BP), 22 have Buy rating, 2 Sell and 6 Hold. Therefore 73% are positive. BP had 63 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Piper Jaffray to “Buy” on Friday, August 4. The firm has “Buy” rating by Liberum Capital given on Tuesday, September 15. As per Monday, September 28, the company rating was initiated by BMO Capital Markets. The stock of BP p.l.c. (NYSE:BP) has “Hold” rating given on Friday, January 19 by Jefferies. As per Wednesday, April 19, the company rating was downgraded by Citigroup. The stock has “Outperform” rating by CLSA on Tuesday, November 15. The firm has “Outperform” rating by Bernstein given on Thursday, September 10. The firm earned “Buy” rating on Wednesday, December 21 by UBS. Morgan Stanley downgraded BP p.l.c. (NYSE:BP) on Tuesday, February 13 to “Equal-Weight” rating. The rating was initiated by Macquarie Research with “Neutral” on Wednesday, September 23.

Doheny Asset Management, which manages about $245.55 million and $214.55M US Long portfolio, decreased its stake in Microchip Technology (NASDAQ:MCHP) by 13,715 shares to 86,835 shares, valued at $7.63M in 2017Q4, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 2,990 shares in the quarter, leaving it with 87,224 shares, and cut its stake in Lexington Realty Tr Reit (NYSE:LXP).

More notable recent BP p.l.c. (NYSE:BP) news were published by: Fool.com which released: “Why BP plc (ADR)’s Stock Rose 10% in April” on May 08, 2018, also Seekingalpha.com with their article: “BP: Growth Momentum And 5% Dividend Yield” published on May 02, 2018, Seekingalpha.com published: “BP’s Russian Connection; Rosneft Exposed” on May 14, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: 247Wallst.com and their article: “BP Earnings on Deck: Is That Big Dividend Safe?” published on April 30, 2018 as well as Seekingalpha.com‘s news article titled: “BP upgraded to Buy at Goldman as ‘turnaround story'” with publication date: April 24, 2018.

Among 21 analysts covering Dominion Midstream (NYSE:D), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. Dominion Midstream had 47 analyst reports since July 23, 2015 according to SRatingsIntel. J.P. Morgan downgraded Dominion Energy, Inc. (NYSE:D) on Friday, March 16 to “Hold” rating. The rating was downgraded by Bank of America to “Neutral” on Tuesday, March 20. The firm has “Neutral” rating given on Tuesday, October 17 by Citigroup. Tudor Pickering downgraded Dominion Energy, Inc. (NYSE:D) on Monday, April 3 to “Hold” rating. The company was maintained on Tuesday, January 2 by Guggenheim. On Friday, March 18 the stock rating was maintained by Barclays Capital with “Overweight”. The company was maintained on Thursday, February 4 by Barclays Capital. The company was upgraded on Thursday, December 14 by JP Morgan. The stock of Dominion Energy, Inc. (NYSE:D) earned “Sector Outperform” rating by Scotia Capital on Tuesday, November 17. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 10 report.

Since February 28, 2018, it had 2 insider buys, and 0 sales for $453,739 activity. 2,679 shares were bought by RIGBY JOSEPH M, worth $199,987 on Wednesday, February 28.

More news for Dominion Energy, Inc. (NYSE:D) were recently published by: Seekingalpha.com, which released: “Protecting Your Dominion Energy Position” on May 14, 2018. Streetinsider.com‘s article titled: “Dominion Energy (D) Statement in Response to US Fourth Circuit Court of Appeals Atlantic Coast Pipeline Order” and published on May 16, 2018 is yet another important article.

Exchange Capital Management Inc, which manages about $312.48M and $279.39M US Long portfolio, decreased its stake in Health Care Select Sector Spdr(R) Etf (XLV) by 23,785 shares to 9,430 shares, valued at $780,000 in 2017Q4, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 26,661 shares in the quarter, leaving it with 57,139 shares, and cut its stake in Delta Air Lines Inc (NYSE:DAL).

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.16, from 1.16 in 2017Q3. It improved, as 41 investors sold D shares while 278 reduced holdings. 86 funds opened positions while 336 raised stakes. 415.15 million shares or 1.17% more from 410.35 million shares in 2017Q3 were reported. Assetmark accumulated 1,156 shares or 0% of the stock. Reilly Fincl Lc owns 2,183 shares for 0.03% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 141,007 shares. The Maryland-based Brown Advisory has invested 0.03% in Dominion Energy, Inc. (NYSE:D). 2.01 million were reported by Raymond James & Assocs. Hm Payson Company stated it has 0.19% of its portfolio in Dominion Energy, Inc. (NYSE:D). Lucas Cap Mngmt accumulated 3,200 shares. First Republic Inv Management invested 0.04% of its portfolio in Dominion Energy, Inc. (NYSE:D). Cullen Frost Bankers has 23,051 shares. Thomas J Herzfeld invested 0% in Dominion Energy, Inc. (NYSE:D). The Ohio-based Carnegie Cap Asset Mngmt Ltd Limited Liability Company has invested 0.16% in Dominion Energy, Inc. (NYSE:D). The Arizona-based Arizona State Retirement Sys has invested 0.15% in Dominion Energy, Inc. (NYSE:D). State Of Alaska Department Of Revenue reported 0.14% stake. Spinnaker stated it has 0.04% of its portfolio in Dominion Energy, Inc. (NYSE:D). Endurance Wealth Mgmt owns 60 shares.

Dominion Energy, Inc. (NYSE:D) Institutional Positions Chart

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