Evercore Wealth Management Decreased Stake in Johnson & Johnson (JNJ) by $599,808 as Share Value Declined; Encompass Capital Advisors Increases Position in Kosmos Energy LTD (KOS)

August 12, 2018 - By William Brooks

Kosmos Energy Ltd. (NYSE:KOS) Logo

Encompass Capital Advisors Llc increased its stake in Kosmos Energy Ltd (KOS) by 206.67% based on its latest 2018Q1 regulatory filing with the SEC. Encompass Capital Advisors Llc bought 2.58 million shares as the company’s stock rose 16.58% while stock markets declined. The hedge fund held 3.83M shares of the oil & gas production company at the end of 2018Q1, valued at $24.15 million, up from 1.25M at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Kosmos Energy Ltd for a number of months, seems to be bullish on the $3.37 billion market cap company. The stock increased 5.88% or $0.47 during the last trading session, reaching $8.46. About 2.96M shares traded or 23.32% up from the average. Kosmos Energy Ltd. (NYSE:KOS) has risen 6.77% since August 12, 2017 and is uptrending. It has underperformed by 5.80% the S&P500. Some Historical KOS News: 17/05/2018 – KOSMOS ENERGY LTD KOS.N : BARCLAYS RAISES TARGET PRICE TO $9.40 FROM $7.25; 21/05/2018 – KOSMOS ENERGY SAYS ANAPAI-1 WELL DRILLING IN BLOCK 45 OFFSHORE SURINAME ENCOUNTERED SHALLOW BORE HOLE STABILITY ISSUES BEFORE REACHING TARGET INTERVAL; 07/05/2018 – KOSMOS ENERGY 1Q ADJ LOSS/SHR 6C; 16/03/2018 Kosmos Energy Closes Above 50-Day Moving Average: Technicals; 14/05/2018 – Ophir Energy Enters Farm-Out With Kosmos Energy; 24/04/2018 – EU OIL & GAS EXPLORATION : CREDIT SUISSE SAYS TOP PICKS IN THE SECTOR ARE KOSMOS, CAIRN AND NOSTRUM; 21/05/2018 – KOSMOS WILL RE-SPUD ANAPAI-1 WELL OFF SURINAME; 09/05/2018 – KOSMOS ENERGY LTD KOS.L : CREDIT SUISSE RAISES TARGET PRICE TO 700P FROM 650P; 21/05/2018 – KOSMOS: ANAPAI-1 WELL ENCOUNTERED BORE-HOLE STABILITY ISSUES; 21/05/2018 – KOSMOS ENERGY LTD SAYS KOSMOS AND ITS PARTNER WILL RE-SPUD WELL, ANAPAI-1A, TARGETING SAME OBJECTIVES

Evercore Wealth Management Llc decreased its stake in Johnson & Johnson (JNJ) by 1.53% based on its latest 2018Q1 regulatory filing with the SEC. Evercore Wealth Management Llc sold 4,686 shares as the company’s stock declined 8.03% with the market. The institutional investor held 301,742 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $38.67M, down from 306,428 at the end of the previous reported quarter. Evercore Wealth Management Llc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $350.77B market cap company. The stock decreased 0.34% or $0.45 during the last trading session, reaching $130.75. About 4.32 million shares traded. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since August 12, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: 02/04/2018 – J J EXPORTERS LTD JJEX.BO SAYS CO APPROVES SALE OF PLANT, MACHINERY OF BHAGALPUR UNIT; 26/04/2018 – V-WAVE LTD – CO’S EXISTING INVESTORS, JOHNSON & JOHNSON INNOVATION (JJDC INC.) ,EDWARDS LIFESCIENCES ALSO PARTICIPATED IN FUNDING ROUND; 02/05/2018 – $JNJ acquires BeneVir for $140M upfront + $900M milestone $MRK acquires Viralytics for $394M Oncolytic virus back to be the hot thing in I/O again? More $AMGN T-Vec + PD1 combo data to come at #ASCO18; 05/03/2018 The Klein Law Firm Notifies Investors of a Class Action Filed on Behalf of Johnson & Johnson Shareholders and a Lead Plaintiff; 16/04/2018 – Bristol-Myers invites J&J into an alliance of giants on cardio drug development/commercialization program $BMY $JNJ; 07/03/2018 – Johnson & Johnson Vision Advocates on Behalf of Patients at FTC Public Workshop; 03/05/2018 – Johnson & Johnson to Participate in the 2018 UBS Global Health Care Conference; 02/04/2018 – April 9th Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit; 21/05/2018 – Globus Medical Announces Appointment of Orthopedic Trauma Division’s Vice President of Sales; 05/04/2018 – J&J, IMERYS FOUND LIABLE FOR CLAIMS TALC TAINTED BY ASBESTOS

Encompass Capital Advisors Llc, which manages about $1.18 billion and $820.02M US Long portfolio, decreased its stake in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 348,675 shares to 301,325 shares, valued at $8.24 million in 2018Q1, according to the filing. It also reduced its holding in Southwestern Energy Co (NYSE:SWN) by 1.22M shares in the quarter, leaving it with 7.58M shares, and cut its stake in Ring Energy Inc (NYSEMKT:REI).

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.90, from 1.78 in 2017Q4. It fall, as 28 investors sold KOS shares while 46 reduced holdings. 23 funds opened positions while 42 raised stakes. 385.37 million shares or 1.09% less from 389.60 million shares in 2017Q4 were reported. Legal & General Gru Public Llc has 114,002 shares for 0% of their portfolio. Pitcairn owns 41,526 shares or 0.03% of their US portfolio. Cubist Systematic Strategies Ltd reported 17,819 shares. Capital Research Glob Investors holds 0.05% of its portfolio in Kosmos Energy Ltd. (NYSE:KOS) for 30.60M shares. Jpmorgan Chase & Com holds 0% or 28,736 shares in its portfolio. Blackstone Gp Limited Partnership stated it has 53.05 million shares. Koch reported 17,910 shares. Parametric Assoc invested in 277,344 shares. The Tennessee-based Woodmont Invest Counsel Ltd has invested 0.16% in Kosmos Energy Ltd. (NYSE:KOS). Prudential holds 0% or 91,404 shares. Deutsche Bancorporation Ag reported 40,321 shares. Ellington Management Gp Lc holds 33,000 shares. Rhumbline Advisers holds 0% of its portfolio in Kosmos Energy Ltd. (NYSE:KOS) for 192,500 shares. Price T Rowe Assocs Md, a Maryland-based fund reported 12.12 million shares. 4.05 million are owned by Victory Cap Mgmt.

More recent Kosmos Energy Ltd. (NYSE:KOS) news were published by: Seekingalpha.com which released: “Kosmos Energy acquires Deep Gulf Energy for $1.225B” on August 06, 2018. Also Seekingalpha.com published the news titled: “Kosmos Energy 2018 Q2 – Results – Earnings Call Slides” on August 07, 2018. Benzinga.com‘s news article titled: “Merger Monday Returns With A Vengeance” with publication date: August 06, 2018 was also an interesting one.

Among 15 analysts covering Kosmos Energy (NYSE:KOS), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Kosmos Energy had 53 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Tuesday, March 29. The firm has “Buy” rating by Scotia Capital given on Thursday, October 26. Jefferies maintained Kosmos Energy Ltd. (NYSE:KOS) rating on Wednesday, December 20. Jefferies has “Hold” rating and $7.0 target. The firm has “Buy” rating by Jefferies given on Friday, July 21. As per Friday, June 16, the company rating was maintained by Jefferies. The rating was upgraded by Raymond James to “Strong Buy” on Wednesday, May 11. Citigroup upgraded Kosmos Energy Ltd. (NYSE:KOS) on Tuesday, December 20 to “Buy” rating. The company was maintained on Tuesday, February 23 by Credit Suisse. RBC Capital Markets maintained it with “Sector Perform” rating and $6 target in Thursday, February 25 report. The rating was initiated by Macquarie Research on Monday, August 7 with “Outperform”.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “Johnson & Johnson: Headline Risk But Business Solid” on August 07, 2018, also Benzinga.com with their article: “Earnings Preview: Healthcare Giant Johnson & Johnson Set To Report Tuesday Morning” published on July 16, 2018, Seekingalpha.com published: “Johnson & Johnson Looks Too Cheap” on July 17, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Johnson & Johnson – Aristocrat Looks Appealing” published on July 22, 2018 as well as Fool.com‘s news article titled: “Better Buy: Johnson & Johnson vs. Pfizer” with publication date: August 02, 2018.

Evercore Wealth Management Llc, which manages about $4.87 billion and $2.62 billion US Long portfolio, upped its stake in Ishares Tr (EFA) by 8,290 shares to 245,980 shares, valued at $17.14M in 2018Q1, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (SPY) by 5,437 shares in the quarter, for a total of 73,100 shares, and has risen its stake in Applied Matls Inc (NASDAQ:AMAT).

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on October, 16. They expect $2.03 EPS, up 6.84% or $0.13 from last year’s $1.9 per share. JNJ’s profit will be $5.45B for 16.10 P/E if the $2.03 EPS becomes a reality. After $2.10 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $20.17 million activity.

Among 24 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 4 Sell and 9 Hold. Therefore 46% are positive. Johnson & Johnson had 104 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, October 17. The rating was downgraded by JP Morgan on Tuesday, January 2 to “Neutral”. RBC Capital Markets maintained the stock with “Buy” rating in Friday, September 22 report. On Wednesday, April 20 the stock rating was maintained by Barclays Capital with “Overweight”. As per Wednesday, October 18, the company rating was maintained by Leerink Swann. The firm earned “Buy” rating on Friday, June 2 by BMO Capital Markets. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, November 29. The firm has “Buy” rating given on Tuesday, September 22 by UBS. The rating was upgraded by Credit Suisse to “Buy” on Thursday, April 12. BMO Capital Markets maintained it with “Buy” rating and $145.0 target in Thursday, October 5 report.

Investors sentiment increased to 0.93 in 2018 Q1. Its up 0.06, from 0.87 in 2017Q4. It increased, as 63 investors sold JNJ shares while 831 reduced holdings. 111 funds opened positions while 720 raised stakes. 1.71 billion shares or 0.80% less from 1.72 billion shares in 2017Q4 were reported. Veritas Mgmt (Uk) stated it has 2,860 shares. The California-based Osher Van De Voorde Inv Mgmt has invested 4.04% in Johnson & Johnson (NYSE:JNJ). Yorktown Mngmt Research Co has invested 0.32% in Johnson & Johnson (NYSE:JNJ). Cohen & Steers has invested 0.02% in Johnson & Johnson (NYSE:JNJ). Mechanics National Bank & Trust Tru Department holds 84,340 shares. Pecaut And has 2.95% invested in Johnson & Johnson (NYSE:JNJ) for 30,308 shares. Somerville Kurt F owns 138,330 shares. Nottingham Advisors invested in 5,424 shares or 0.12% of the stock. 1,831 are held by Diamond Hill Mngmt. Boston Lc stated it has 97,477 shares or 0.32% of all its holdings. Spears Abacus Advsr Ltd Liability Corporation has invested 0.97% of its portfolio in Johnson & Johnson (NYSE:JNJ). The Texas-based Rench Wealth Management has invested 2.77% in Johnson & Johnson (NYSE:JNJ). Bank & Trust Of Hawaii holds 1.05% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 97,807 shares. Guinness Asset Mgmt has 105,021 shares. Connecticut-based Gillespie Robinson And Grimm Inc has invested 3.91% in Johnson & Johnson (NYSE:JNJ).

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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