Key Group Holdings Cayman LTD Raised Its Qep Res (QEP) Stake; As Wells Fargo & Co New (WFC) Shares Declined, Berkshire Hathaway Has Decreased Its Stake by $206.53 Million

February 15, 2018 - By Lawrence Diaz

Warren Buffett decreased its stake in Wells Fargo & Co New (WFC) by 0.8% based on its latest 2017Q3 regulatory filing with the SEC. Berkshire Hathaway Inc sold 3.76M shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by Warren Buffett held 464.23M shares of the major banks company at the end of 2017Q3, valued at $25.60B, down from 467.99M at the end of the previous reported quarter. Berkshire Hathaway Inc who had been investing in Wells Fargo & Co New for a number of months, seems to be less bullish one the $291.30 billion market cap company. The stock increased 2.67% or $1.55 during the last trading session, reaching $59.55. About 23.68M shares traded or 3.35% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 15, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Key Group Holdings Cayman Ltd increased its stake in Qep Res Inc (QEP) by 155% based on its latest 2017Q3 regulatory filing with the SEC. Key Group Holdings Cayman Ltd bought 5.37 million shares as the company’s stock declined 33.02% while stock markets rallied. The hedge fund held 8.83 million shares of the energy company at the end of 2017Q3, valued at $75.68M, up from 3.46M at the end of the previous reported quarter. Key Group Holdings Cayman Ltd who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $1.91B market cap company. The stock increased 5.33% or $0.4 during the last trading session, reaching $7.91. About 5.39M shares traded or 0.09% up from the average. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since February 15, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Boston Prns reported 1.32% stake. Wetherby Asset Mgmt accumulated 72,968 shares. Smith Salley & Associate has 1.62% invested in Wells Fargo & Company (NYSE:WFC). Jacobus Wealth Mngmt accumulated 29,264 shares. Avalon Advisors Limited Liability Company has 362,542 shares for 0.64% of their portfolio. Alyeska Investment Grp Lp has 0.33% invested in Wells Fargo & Company (NYSE:WFC). Cedar Hill Ltd Liability Corporation invested in 0.07% or 7,071 shares. Point72 Asia (Hong Kong) Ltd holds 0.3% or 7,741 shares. Monarch Cap Management Inc accumulated 1.22% or 59,090 shares. Schmidt P J Inc has invested 0.86% of its portfolio in Wells Fargo & Company (NYSE:WFC). Endurance Wealth Mngmt holds 0.63% or 69,362 shares in its portfolio. Arcadia Inv Management Mi stated it has 9,287 shares or 0.16% of all its holdings. Boyd Watterson Asset Limited Liability Corp Oh stated it has 28,796 shares or 0.78% of all its holdings. 52,830 are owned by Sterneck Cap Management Limited Com. Everett Harris Ca reported 152,868 shares stake.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $75 target in Friday, February 2 report. UBS maintained it with “Neutral” rating and $55 target in Monday, October 16 report. The company was maintained on Monday, February 5 by Robert W. Baird. RBC Capital Markets maintained the shares of WFC in report on Thursday, July 27 with “Buy” rating. BMO Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Sunday, February 4. BMO Capital Markets has “Hold” rating and $60.0 target. The stock of Wells Fargo & Company (NYSE:WFC) earned “Sell” rating by J.P. Morgan on Monday, February 5. The stock has “Buy” rating by Vertical Group on Thursday, December 7. Citigroup upgraded Wells Fargo & Company (NYSE:WFC) on Thursday, January 7 to “Buy” rating. Jefferies maintained the stock with “Hold” rating in Tuesday, June 6 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, February 5.

Among 25 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. QEP Resources had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by FBR Capital on Thursday, July 21 with “Mkt Perform”. The stock has “Buy” rating by Cantor Fitzgerald on Wednesday, December 23. The stock has “Buy” rating by Mizuho on Tuesday, November 21. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, November 7. The stock has “Buy” rating by BMO Capital Markets on Thursday, January 11. Deutsche Bank maintained QEP Resources, Inc. (NYSE:QEP) rating on Tuesday, June 14. Deutsche Bank has “Buy” rating and $23 target. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. The firm has “Buy” rating given on Tuesday, October 10 by BMO Capital Markets. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 9. On Wednesday, March 16 the stock rating was initiated by KLR Group with “Buy”.

Key Group Holdings Cayman Ltd, which manages about $1.99 billion and $919.48M US Long portfolio, decreased its stake in Rsp Permian Inc (NYSE:RSPP) by 392,300 shares to 70,200 shares, valued at $2.43 million in 2017Q3, according to the filing. It also reduced its holding in Pioneer Nat Res Co (NYSE:PXD) by 395,300 shares in the quarter, leaving it with 24,700 shares, and cut its stake in Whiting Pete Corp New (NYSE:WLL).

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.07, from 1.3 in 2017Q2. It worsened, as 37 investors sold QEP shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported. Bnp Paribas Arbitrage reported 147,816 shares or 0% of all its holdings. State Treasurer State Of Michigan invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Passport Capital Ltd Liability reported 512,684 shares or 1.21% of all its holdings. Pinnacle Holdg Limited Liability holds 0% or 1,500 shares. Tortoise Capital Ltd Liability Corp stated it has 68 shares. Barclays Public Limited holds 4,286 shares or 0% of its portfolio. Susquehanna Gp Llp has invested 0% in QEP Resources, Inc. (NYSE:QEP). Connecticut-based Aqr Capital Ltd Liability Corporation has invested 0.05% in QEP Resources, Inc. (NYSE:QEP). Northern Corp has invested 0% in QEP Resources, Inc. (NYSE:QEP). J Goldman & Co Ltd Partnership reported 0.01% in QEP Resources, Inc. (NYSE:QEP). Lombard Odier Asset (Usa) holds 0.55% or 900,000 shares. Bogle Investment Management Limited Partnership De invested in 0.58% or 999,254 shares. Hudson Bay Management LP holds 0.11% or 497,400 shares. Nuveen Asset Management Ltd invested 0% in QEP Resources, Inc. (NYSE:QEP). Cornerstone Capital Management Holdings Lc has 0.01% invested in QEP Resources, Inc. (NYSE:QEP).

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