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Are Institutional Investors Bailing on Encana Stock?

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Statistics for Encana

In 2Q17, 151 funds were “buyers” of Encana (ECA) stock, while 144 funds were “sellers.” In 2Q17, the total buying funds outnumbered the total selling funds by seven. As of June 30, 2017, 324 13F filers held Encana in their portfolio. Seven filers have Encana in their top ten holdings.

From the aggregate number of shares, 13F filers decreased their aggregate Encana holdings 2.8% or from ~668.48 million shares to ~649.52 million shares for 2Q17.

As of June 30, 2017, Encana had ~973 million common shares outstanding.

Form 13F is a SEC mandate that needs to be submitted by all of the institutional investors who manage more than $100 million in assets.

In 2Q17, 13F filers increased their aggregate holdings in other oil and gas production companies operating in Permian Basin like RSP Permian (RSPP), Diamondback Energy (FANG), and EOG Resources (EOG) 5.3%, 11.8%, and 0.10%, respectively.

Read The Dirt on the Permian Basin: Hot or Not? to learn why institutional investors are upbeat on oil and gas producers in the Permian Basin.

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