Costco Whsl New (COST) Stock Rose While Argentiere Capital Ag Cut Position; Hite Hedge Asset Management Stake in Viper Energy Partners LP (VNOM) Has Cut as Share Price Rose

November 15, 2017 - By Nellie Frank

Argentiere Capital Ag decreased its stake in Costco Whsl Corp New (COST) by 84.27% based on its latest 2017Q2 regulatory filing with the SEC. Argentiere Capital Ag sold 63,205 shares as the company’s stock rose 1.54% with the market. The hedge fund held 11,795 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $1.89M, down from 75,000 at the end of the previous reported quarter. Argentiere Capital Ag who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $73.66 billion market cap company. The stock declined 1.69% or $2.89 reaching $168.55 per share. About 24,015 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since November 15, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Hite Hedge Asset Management Llc decreased its stake in Viper Energy Partners Lp (VNOM) by 32.58% based on its latest 2017Q2 regulatory filing with the SEC. Hite Hedge Asset Management Llc sold 229,124 shares as the company’s stock rose 2.39% with the market. The hedge fund held 474,232 shares of the oil & gas production company at the end of 2017Q2, valued at $7.45M, down from 703,356 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Viper Energy Partners Lp for a number of months, seems to be less bullish one the $2.17 billion market cap company. The stock declined 0.77% or $0.15 reaching $19.06 per share. About shares traded. Viper Energy Partners LP (NASDAQ:VNOM) has declined 0.22% since November 15, 2016 and is downtrending. It has underperformed by 16.92% the S&P500.

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.40, from 0.88 in 2017Q1. It increased, as 64 investors sold COST shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported. The Oregon-based Becker Cap Management has invested 0.19% in Costco Wholesale Corporation (NASDAQ:COST). Logan Capital Mgmt stated it has 0.06% in Costco Wholesale Corporation (NASDAQ:COST). Gotham Asset Mngmt Llc reported 0.01% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Cranbrook Wealth Limited Liability Co reported 50 shares. Beck Mack And Oliver Ltd Company reported 12,960 shares. 7,217 were accumulated by Profit Investment Management Lc. The Illinois-based Cedar Hill Associates Llc has invested 0.06% in Costco Wholesale Corporation (NASDAQ:COST). Wealthfront, a California-based fund reported 14,269 shares. Ny State Common Retirement Fund owns 1.34 million shares. Federated Invsts Pa holds 0.06% or 121,499 shares in its portfolio. Mackenzie holds 800,764 shares. Piedmont Advsrs Limited Liability Company accumulated 93,344 shares. Martingale Asset Mgmt Limited Partnership has 152,170 shares. Weik Invest Ser reported 14,123 shares stake. Legal General Grp Public Ltd Company has invested 0.3% in Costco Wholesale Corporation (NASDAQ:COST).

Among 28 analysts covering Costco Wholesale (NASDAQ:COST), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Costco Wholesale had 101 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Hold” rating by Wells Fargo on Monday, June 26. Deutsche Bank maintained Costco Wholesale Corporation (NASDAQ:COST) on Wednesday, December 9 with “Buy” rating. The rating was maintained by BMO Capital Markets on Monday, August 28 with “Hold”. The stock has “Buy” rating by RBC Capital Markets on Thursday, August 3. Oppenheimer maintained it with “Outperform” rating and $160 target in Friday, February 12 report. The rating was maintained by Jefferies with “Hold” on Tuesday, August 22. The rating was maintained by Oppenheimer with “Buy” on Thursday, July 6. The company was maintained on Thursday, December 3 by Stifel Nicolaus. The firm has “Buy” rating by Oppenheimer given on Thursday, August 31. Deutsche Bank maintained it with “Hold” rating and $144.0 target in Wednesday, September 30 report.

Since June 5, 2017, it had 0 insider buys, and 3 selling transactions for $2.36 million activity. McKay John D sold 3,000 shares worth $544,810. Hines Daniel M. had sold 5,000 shares worth $906,598 on Tuesday, June 6.

Argentiere Capital Ag, which manages about $464.87M and $298.41M US Long portfolio, upped its stake in Monsanto Co New (NYSE:MON) by 90,000 shares to 260,000 shares, valued at $30.77 million in 2017Q2, according to the filing. It also increased its holding in Time Warner Inc (NYSE:TWX) by 215,000 shares in the quarter, for a total of 430,000 shares, and has risen its stake in Ishares (Put) (EWZ).

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Costco Remains An Above-Average Operation” on November 08, 2017, also Seekingalpha.com with their article: “Costco Posts Great October Numbers” published on November 06, 2017, Investorplace.com published: “Costco Wholesale Corporation (COST) Is a Great Buy, Post Rally” on October 27, 2017. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Fool.com and their article: “Better Buy: Costco Wholesale Corporation vs. Wal-Mart” published on November 01, 2017 as well as Investorplace.com‘s news article titled: “Costco Wholesale Corporation Stock Isn’t Cheap Enough, Yet” with publication date: October 19, 2017.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on December, 6. They expect $1.31 earnings per share, up 11.97% or $0.14 from last year’s $1.17 per share. COST’s profit will be $572.50M for 32.17 P/E if the $1.31 EPS becomes a reality. After $2.08 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts -37.02% negative EPS growth.

More notable recent Viper Energy Partners LP (NASDAQ:VNOM) news were published by: Seekingalpha.com which released: “Viper Energy Partners’ (VNOM) CEO Travis Stice on Q3 2017 Results – Earnings …” on October 25, 2017, also Forbes.com with their article: “Ex-Dividend Reminder: Viper Energy Partners, Sunoco and Energy Transfer Partners” published on November 02, 2017, Seekingalpha.com published: “Viper Energy Partners: Growing, Growing, Gone” on August 28, 2017. More interesting news about Viper Energy Partners LP (NASDAQ:VNOM) were released by: Globenewswire.com and their article: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Schedules …” published on October 16, 2017 as well as Seekingalpha.com‘s news article titled: “Viper Energy Partners’ (VNOM) CEO Travis Stice on Q2 2017 Results – Earnings …” with publication date: August 05, 2017.

Hite Hedge Asset Management Llc, which manages about $778.61 million and $298.70 million US Long portfolio, upped its stake in Hi (NYSE:HCLP) by 383,044 shares to 587,625 shares, valued at $6.38M in 2017Q2, according to the filing. It also increased its holding in Enbridge Energy Management L (NYSE:EEQ) by 879,777 shares in the quarter, for a total of 894,555 shares, and has risen its stake in Enviva Partners Lp.

Among 13 analysts covering Viper Energy Partners (NASDAQ:VNOM), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Viper Energy Partners had 31 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was reinitiated by Piper Jaffray on Monday, July 11 with “Overweight”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 13. The firm earned “Overweight” rating on Monday, September 18 by PiperJaffray. The rating was upgraded by Mizuho to “Buy” on Wednesday, August 23. The firm earned “Buy” rating on Monday, October 30 by Citigroup. The stock of Viper Energy Partners LP (NASDAQ:VNOM) has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. As per Wednesday, August 2, the company rating was maintained by Stifel Nicolaus. Northland Capital maintained Viper Energy Partners LP (NASDAQ:VNOM) on Thursday, August 3 with “Buy” rating. The stock has “Buy” rating by Northland Capital on Tuesday, September 5. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 8.

Analysts await Viper Energy Partners LP (NASDAQ:VNOM) to report earnings on February, 13. They expect $0.28 EPS, up 47.37% or $0.09 from last year’s $0.19 per share. VNOM’s profit will be $31.88 million for 17.02 P/E if the $0.28 EPS becomes a reality. After $0.24 actual EPS reported by Viper Energy Partners LP for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

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