Penn Davis Mcfarland Inc Buys Celgene, Bristol-Myers Squibb Company, Sells Teva Pharmaceutical Industries, Skechers USA, Chevron

• New Purchases: CELG, BMY,
• Added Positions: GILD,
• Reduced Positions: EPD, AAPL, QCOM, GOOG, KMI, GOOGL, MON, CHKP, SLB, DVMT,
• Sold Out: TEVA, SKX, CVX, FIT, HCP,

For the details of PENN DAVIS MCFARLAND INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PENN+DAVIS+MCFARLAND+INC

1. Enterprise Products Partners LP (EPD) - 1,111,741 shares, 9.26% of the total portfolio. Shares reduced by 9.83%
2. Apple Inc (AAPL) - 204,918 shares, 8.88% of the total portfolio. Shares reduced by 10.99%
3. Qualcomm Inc (QCOM) - 504,857 shares, 8.73% of the total portfolio. Shares reduced by 8.24%
4. Alphabet Inc (GOOG) - 30,089 shares, 7.53% of the total portfolio. Shares reduced by 9.26%
5. Kinder Morgan Inc (KMI) - 1,018,250 shares, 6.68% of the total portfolio. Shares reduced by 9.64%

Penn Davis Mcfarland Inc initiated holdings in Celgene Corp. The purchase prices were between $111.53 and $126.88, with an estimated average price of $119.67. The stock is now traded at around $123.54. The impact to the portfolio due to this purchase was 2.62%. The holdings were 69,716 shares as of 2017-03-31.

Penn Davis Mcfarland Inc initiated holdings in Bristol-Myers Squibb Company. The purchase prices were between $46.82 and $60.13, with an estimated average price of $54.85. The stock is now traded at around $53.53. The impact to the portfolio due to this purchase was 2.29%. The holdings were 139,558 shares as of 2017-03-31.

Penn Davis Mcfarland Inc sold out the holdings in Teva Pharmaceutical Industries Ltd. The sale prices were between $32.09 and $37.96, with an estimated average price of $34.13.

Penn Davis Mcfarland Inc sold out the holdings in Skechers USA Inc. The sale prices were between $22.54 and $29.96, with an estimated average price of $25.92.

Penn Davis Mcfarland Inc sold out the holdings in Chevron Corp. The sale prices were between $106.28 and $117.85, with an estimated average price of $112.17.

Penn Davis Mcfarland Inc sold out the holdings in Fitbit Inc. The sale prices were between $5.39 and $8.12, with an estimated average price of $6.34.

Penn Davis Mcfarland Inc sold out the holdings in HCP Inc. The sale prices were between $29.51 and $32.79, with an estimated average price of $30.71.