National Asset Management Has Lowered Position in Bp Plc (BP) by $2.05 Million; As Freeport (FCX) Market Value Rose, Shareholder British Columbia Investment Management Lowered Stake

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British Columbia Investment Management Corp decreased its stake in Freeport (FCX) by 9.53% based on its latest 2018Q4 regulatory filing with the SEC. British Columbia Investment Management Corp sold 57,627 shares as the company’s stock rose 6.77% with the market. The institutional investor held 547,346 shares of the basic industries company at the end of 2018Q4, valued at $5.64 million, down from 604,973 at the end of the previous reported quarter. British Columbia Investment Management Corp who had been investing in Freeport for a number of months, seems to be less bullish one the $17.90 billion market cap company. The stock increased 0.24% or $0.03 during the last trading session, reaching $12.35. About 15.39 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has declined 31.07% since March 17, 2018 and is downtrending. It has underperformed by 35.44% the S&P500. Some Historical FCX News: 07/05/2018 – INDONESIA’S INALUM CONSIDERING FURTHER MINING EXPLORATION IN PAPUA; 24/04/2018 – FREEPORT CEO SAYS THERE IS RISK NEW CONTRACT OF WORK WITH INDONESIA GETS DELAYED DUE TO 2019 INDONESIA PRESIDENTIAL ELECTION; 24/04/2018 – FREEPORT-MCMORAN INC – FCX HAS COMMENCED AN INITIAL PROJECT TO DEVELOP LONE STAR OXIDE ORES WITH FIRST PRODUCTION EXPECTED BY END OF 2020; 24/04/2018 – FREEPORT 1Q REV. $4.87B, EST. $4.92B; 11/05/2018 – INDONESIA DECREE SAYS WILL FINE COMPANIES 20 PCT OF MINERAL EXPORT REVENUE IF NOT ENOUGH PROGRESS BUILDING SMELTERS; 15/05/2018 – Icahn Adds Newell Brands, Exits AIG, Cuts Freeport: 13F; 15/05/2018 – FREEPORT: INDONESIA SUPREME RULED ITS TAX PETITION JUSTIFIED; 25/04/2018 – MINISTRY OFFICIALS MET FREEPORT YESTERDAY TO EXPLAIN DECREES; 31/05/2018 – GOLAR LNG LTD – LOOKING FURTHER AHEAD, A 9-MONTH DELAY TO START-UP OF 13.2MTPA FREEPORT LNG PLANT HAS BEEN CONFIRMED; 24/04/2018 – FREEPORT-MCMORAN INC – AT MARCH 31, 2018, CONSOLIDATED DEBT TOTALED $11.6 BLN AND CONSOLIDATED CASH TOTALED $3.7 BLN

National Asset Management Inc decreased its stake in Bp Plc (BP) by 47.85% based on its latest 2018Q4 regulatory filing with the SEC. National Asset Management Inc sold 55,535 shares as the company’s stock rose 4.41% with the market. The institutional investor held 60,527 shares of the integrated oil company at the end of 2018Q4, valued at $2.30M, down from 116,062 at the end of the previous reported quarter. National Asset Management Inc who had been investing in Bp Plc for a number of months, seems to be less bullish one the $146.23 billion market cap company. The stock decreased 0.18% or $0.08 during the last trading session, reaching $43.87. About 4.31M shares traded. BP p.l.c. (NYSE:BP) has risen 9.50% since March 17, 2018 and is uptrending. It has outperformed by 5.13% the S&P500. Some Historical BP News: 05/04/2018 – BP at Group Lunch Hosted By Capital Alpha Today; 10/04/2018 – BP PLC -BP WIND ENERGY, THROUGH UNIT, SIGNED A PURCHASE AGREEMENT TO INSTALL A HIGH-STORAGE BATTERY AT ITS TITAN 1 WIND FARM IN SOUTH DAKOTA; 03/04/2018 – POLAND’S PKO BP SAYS RECOMMENDS TO PAY OUT DIVIDEND OF 0.55 ZLOTYS PER SHARE FOR 2017; 21/05/2018 – VENTURE GLOBAL LNG – ENTERS 20-YR SPA FOR SUPPLY OF 2 MTPA FROM UNIT’S LNG EXPORT FACILITY, CURRENTLY UNDER DEVELOPMENT IN CAMERON PARISH, LOUISIANA, USA; 21/05/2018 – Yahoo! UK: Exclusive: BP back on its feet but CEO senses no respite; 06/03/2018 – BP CEO BOB DUDLEY CONCLUDES APPEARANCE AT CERAWEEK GATHERING; 10/04/2018 – BP: OIL PLAYS IMPORTANT PART OF FUTURE IN MOST SCENARIOS; 14/05/2018 – BP CEO on Iran Sanctions, Earnings, Oil Prices, LNG Trade (Video); 22/03/2018 – UBI BANCA SAYS MODEL CHANGE AND IFRS9 FTA ARE EXPECTED TO DETERMINE AT END 2018 TOTAL NEGATIVE IMPACT OF 12 BPS FULLY LOADED AND LESS THAN 1 BP TRANSITIONAL IN FIRST YEAR OF TRANSITION PERIOD; 27/03/2018 – TOTAL, BP, PAN AMERICAN WIN OIL BLOCK 34 IN MEXICO AUCTION

Analysts await BP p.l.c. (NYSE:BP) to report earnings on May, 7. They expect $0.67 EPS, down 14.10% or $0.11 from last year’s $0.78 per share. BP’s profit will be $2.23 billion for 16.37 P/E if the $0.67 EPS becomes a reality. After $1.04 actual EPS reported by BP p.l.c. for the previous quarter, Wall Street now forecasts -35.58% negative EPS growth.

National Asset Management Inc, which manages about $702.66M US Long portfolio, upped its stake in Boeing Co (NYSE:BA) by 1,803 shares to 17,238 shares, valued at $5.56M in 2018Q4, according to the filing. It also increased its holding in Ishares Tr (IEFA) by 52,242 shares in the quarter, for a total of 89,890 shares, and has risen its stake in First Tr Exchange Traded Fd (FXH).

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “BP: Golden Years Appear To Be Back – Seeking Alpha” on February 27, 2019, also Investorplace.com with their article: “7 Winning High-Yield Dividend Stocks With Payouts Over 5% – Investorplace.com” published on March 13, 2019, Seekingalpha.com published: “BP ready to sell new 0.5% sulfur bunker fuel – Seeking Alpha” on March 11, 2019. More interesting news about BP p.l.c. (NYSE:BP) were released by: Fool.com and their article: “Is BP a Buy? – Motley Fool” published on February 28, 2019 as well as Seekingalpha.com‘s news article titled: “Bloomberg:Bidders emerge for BP’s US Shale assets divestiture – Seeking Alpha” with publication date: March 01, 2019.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on April, 23. They expect $0.05 EPS, down 89.13% or $0.41 from last year’s $0.46 per share. FCX’s profit will be $72.45M for 61.75 P/E if the $0.05 EPS becomes a reality. After $0.11 actual EPS reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts -54.55% negative EPS growth.

British Columbia Investment Management Corp, which manages about $8.82 billion US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 197,862 shares to 2.54M shares, valued at $19.19 million in 2018Q4, according to the filing. It also increased its holding in Marathon Pete Corp (NYSE:MPC) by 73,141 shares in the quarter, for a total of 290,287 shares, and has risen its stake in Eversource Energy.

More notable recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Seekingalpha.com which released: “Is Barrick Gold Close To Buying Freeport-McMoRan? – Seeking Alpha” on February 18, 2019, also Globenewswire.com with their article: “Investor Expectations to Drive Momentum within Freeport-McMoRan, Snap, Maxim Integrated Products, Simon Property Group, Golden Ocean Group, and Federated Investors — Discovering Underlying Factors of Influence – GlobeNewswire” published on February 28, 2019, Seekingalpha.com published: “Copper Makes A Move – Seeking Alpha” on February 26, 2019. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) were released by: Investorplace.com and their article: “3 Big Stock Charts for Wednesday: Freeport-McMoRan, Cabot Oil & Gas and Microsoft – Investorplace.com” published on February 20, 2019 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Applied Materials, CSX, Freeport-McMoRan, Frontier Communications, Lululemon, McDonald’s, T-Mobile, Ulta, Windstream and More – 24/7 Wall St.” with publication date: February 19, 2019.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Positions Chart