Cacti Asset Management Cut Stake in National Oilwell Varco (NOV) as Share Value Rose; Enbridge Energy Partnerslp (EEP) Stock Declined While Adams Asset Advisors Has Trimmed by $434,700 Its Position

June 24, 2018 - By Winifred Garcia

National Oilwell Varco, Inc. (NYSE:NOV) Logo

Cacti Asset Management Llc decreased its stake in National Oilwell Varco Inc (NOV) by 98.63% based on its latest 2018Q1 regulatory filing with the SEC. Cacti Asset Management Llc sold 314,009 shares as the company’s stock rose 14.04% while stock markets declined. The institutional investor held 4,350 shares of the energy company at the end of 2018Q1, valued at $156,000, down from 318,359 at the end of the previous reported quarter. Cacti Asset Management Llc who had been investing in National Oilwell Varco Inc for a number of months, seems to be less bullish one the $16.27 billion market cap company. The stock increased 2.18% or $0.91 during the last trading session, reaching $42.6. About 3.99 million shares traded or 31.75% up from the average. National Oilwell Varco, Inc. (NYSE:NOV) has risen 26.56% since June 24, 2017 and is uptrending. It has outperformed by 13.99% the S&P500. Some Historical NOV News: 16/04/2018 – National Oilwell Varco: Industry Fundamentals Continue to Improve; 16/04/2018 – National Oilwell Varco Provides Operational Update for the First Quarter 2018; 16/04/2018 – National Oilwell Varco Also Cites Customer-Delayed Deliveries of Equipment; 26/04/2018 – National Oilwell Varco 1Q Loss/Shr 18c; 16/04/2018 – National Oilwell Varco Expects Quarterly Revenue Below Expectations; 27/04/2018 – NATIONAL OILWELL VARCO EARNIGS CONFERENCE CALL BEGINS; 27/04/2018 – NOV: SAW EXPLORERS DEPLOY DRILL PIPE FROM STACKED RIGS IN 1Q; 26/04/2018 – NATIONAL OILWELL VARCO INC NOV.N – BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR RIG TECHNOLOGIES AT MARCH 31, 2018 WAS $2.05 BLN; 27/04/2018 – NATIONAL OILWELL VARCO CEO CLAY WILLIAMS COMMENTS ON CALL; 26/04/2018 – NATIONAL OILWELL 1Q REV. $1.80B, EST. $1.81B

Adams Asset Advisors Llc decreased its stake in Enbridge Energy Partnerslp (EEP) by 9.43% based on its latest 2018Q1 regulatory filing with the SEC. Adams Asset Advisors Llc sold 48,300 shares as the company’s stock declined 25.61% with the market. The institutional investor held 463,766 shares of the energy company at the end of 2018Q1, valued at $4.47 million, down from 512,066 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Enbridge Energy Partnerslp for a number of months, seems to be less bullish one the $4.29B market cap company. The stock increased 1.72% or $0.17 during the last trading session, reaching $10.07. About 1.65M shares traded or 3.60% up from the average. Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 43.96% since June 24, 2017 and is downtrending. It has underperformed by 56.53% the S&P500. Some Historical EEP News: 18/05/2018 – Enbridge Income Fund Holdings Cut to Tender From Sector Perform by National Bank; 06/03/2018 ENBRIDGE ANNOUNCES PRICING OF OFFER BY SPECTRA ENERGY CAPITAL, LLC TO PURCHASE NOTES DUE IN 2032 AND 2038; 16/03/2018 – Enbridge Energy Partners Prior 2018 Distributable Cash Flow View Was $720M-$770M; 16/03/2018 – Enbridge Energy Partners Cuts 2018 Total Distribution Coverage View to About 1.0x From About 1.15x; 03/04/2018 – ENBRIDGE HIRES RBC TO SELL WESTERN CANADIAN GAS ASSETS; CANADIAN ASSETS COULD FETCH MORE THAN C$2 BILLION IN SALE – BLOOMBERG, CITING; 17/04/2018 – Michigan.gov: Schuette: Vanenkevort Tug and Barge Faces Legal Action for Dragging Anchor Across ATC, Enbridge Lines in Straits; 09/05/2018 – ENBRIDGE INCOME FUND HOLDINGS INC – UPON CLOSING OF DEAL, FUND WILL UTILIZE PROCEEDS TO REDEEM TRUST UNITS AND PAY BACK DEBT; 09/05/2018 – ENBRIDGE INC – ENBRIDGE AND ITS AFFILIATES WILL CONTINUE TO MANAGE, OPERATE AND PROVIDE ADMINISTRATIVE SERVICES FOR RENEWABLE POWER ASSETS; 07/03/2018 – ENBRIDGE CEO AL MONACO COMMENTS AT CERAWEEK EVENT; 09/05/2018 – ENBRIDGE INC – ENBRIDGE ANTICIPATES A MINIMAL AMOUNT OF CASH TAXES ARISING FROM SALE OF RENEWABLE ASSETS

Investors sentiment increased to 0.86 in 2018 Q1. Its up 0.16, from 0.7 in 2017Q4. It is positive, as 42 investors sold NOV shares while 182 reduced holdings. 54 funds opened positions while 138 raised stakes. 354.58 million shares or 1.45% more from 349.52 million shares in 2017Q4 were reported. 145,090 are held by Schroder Investment Gru. Guggenheim Capital Lc owns 1.34 million shares. Estabrook holds 0% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 26,854 shares. Mutual Of America Capital Mngmt Ltd Liability Company holds 92,173 shares. Alps Advisors stated it has 17,354 shares. Northern Tru owns 0.05% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 5.09M shares. Becker Mgmt Incorporated owns 965,385 shares. Connable Office Incorporated reported 68,623 shares stake. Montag A & Associate holds 0.02% or 5,449 shares in its portfolio. Thompson Rubinstein Or has invested 0.88% in National Oilwell Varco, Inc. (NYSE:NOV). M&R Capital Management owns 403 shares for 0% of their portfolio. Oppenheimer Comm stated it has 0.09% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Stephens Ar holds 0.25% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 181,488 shares. Private Harbour Investment And Counsel Ltd Company stated it has 0.23% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Hanson Doremus Inv invested in 0.16% or 13,807 shares.

Since February 28, 2018, it had 0 insider buys, and 3 sales for $2.14 million activity. Shares for $1.66M were sold by Duff Scott K..

Among 36 analysts covering National Oilwell Varco (NYSE:NOV), 8 have Buy rating, 5 Sell and 23 Hold. Therefore 22% are positive. National Oilwell Varco had 125 analyst reports since July 31, 2015 according to SRatingsIntel. FBR Capital maintained the shares of NOV in report on Thursday, July 30 with “Outperform” rating. Suntrust Robinson downgraded the stock to “Sell” rating in Monday, August 7 report. The firm earned “Sell” rating on Wednesday, May 4 by Societe Generale. The firm has “Hold” rating given on Wednesday, February 7 by Jefferies. Argus Research downgraded the stock to “Hold” rating in Wednesday, August 5 report. The rating was maintained by RBC Capital Markets on Thursday, February 4 with “Sector Perform”. The company was maintained on Thursday, February 16 by FBR Capital. The firm has “Hold” rating given on Monday, April 16 by SunTrust. The firm has “Neutral” rating given on Monday, October 30 by JP Morgan. The stock of National Oilwell Varco, Inc. (NYSE:NOV) has “Sector Weight” rating given on Tuesday, January 5 by KeyBanc Capital Markets.

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on July, 26 after the close. They expect $0.02 earnings per share, up 114.29% or $0.16 from last year’s $-0.14 per share. NOV’s profit will be $7.64M for 532.50 P/E if the $0.02 EPS becomes a reality. After $-0.18 actual earnings per share reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -111.11% EPS growth.

More recent National Oilwell Varco, Inc. (NYSE:NOV) news were published by: Businesswire.com which released: “NOV Introduces GoConnect for Intervention and Stimulation Equipment Condition Monitoring and Predictive …” on June 19, 2018. Also Seekingalpha.com published the news titled: “National Oilwell Varco buys Dutch rig design and engineering firm” on June 01, 2018. Bizjournals.com‘s news article titled: “Study: These Houston companies rank among America’s most valuable brands” with publication date: June 21, 2018 was also an interesting one.

Cacti Asset Management Llc, which manages about $925.34M and $1.19B US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 5,930 shares to 44,691 shares, valued at $4.09 million in 2018Q1, according to the filing. It also increased its holding in Halliburton Co (NYSE:HAL) by 38,775 shares in the quarter, for a total of 843,205 shares, and has risen its stake in United Parcel Service Inc (NYSE:UPS).

More news for Enbridge Energy Partners, L.P. (NYSE:EEP) were recently published by: Seekingalpha.com, which released: “MLP Monthly Report: May 2018” on June 05, 2018. Bizjournals.com‘s article titled: “Cheniere Energy to acquire remainder of MLP holding company” and published on June 19, 2018 is yet another important article.

Investors sentiment decreased to 0.52 in 2018 Q1. Its down 0.20, from 0.72 in 2017Q4. It worsened, as 30 investors sold EEP shares while 70 reduced holdings. 20 funds opened positions while 32 raised stakes. 127.87 million shares or 7.22% less from 137.83 million shares in 2017Q4 were reported. Delta Asset Ltd Liability Company Tn invested 0% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). 5,031 were reported by Duncker Streett & Inc. Fifth Third State Bank owns 750 shares for 0% of their portfolio. Valley National Advisers holds 0% or 500 shares in its portfolio. Brookfield Asset Mgmt stated it has 0.31% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). Rothschild Invest Corporation Il has 0.04% invested in Enbridge Energy Partners, L.P. (NYSE:EEP). Miller Howard Inc Ny stated it has 523,583 shares or 0.12% of all its holdings. Wells Fargo And Com Mn reported 284,141 shares. Hudock Grp Ltd Co has 0.01% invested in Enbridge Energy Partners, L.P. (NYSE:EEP). Whitnell & owns 1,200 shares for 0.01% of their portfolio. Cohen Mgmt Inc has 0.39% invested in Enbridge Energy Partners, L.P. (NYSE:EEP) for 157,976 shares. Community Bank & Trust Na has invested 0% in Enbridge Energy Partners, L.P. (NYSE:EEP). Winslow Evans And Crocker has 20,226 shares. Washington Tru National Bank reported 0% in Enbridge Energy Partners, L.P. (NYSE:EEP). California Public Employees Retirement Sys invested in 0.01% or 597,887 shares.

Adams Asset Advisors Llc, which manages about $828.72M and $734.54M US Long portfolio, upped its stake in Cbl & Associates (NYSE:CBL) by 100,160 shares to 1.61M shares, valued at $6.71 million in 2018Q1, according to the filing. It also increased its holding in Ishares Iboxx Invest Grade Corp (LQD) by 5,479 shares in the quarter, for a total of 7,264 shares, and has risen its stake in Energy Transfer Equity.

Among 19 analysts covering Enbridge Energy Partners (NYSE:EEP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Enbridge Energy Partners had 55 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Monday, December 21. The firm has “Underweight” rating given on Friday, June 8 by Morgan Stanley. The firm has “Neutral” rating by Credit Suisse given on Friday, April 7. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, November 3. The firm earned “Sector Perform” rating on Wednesday, January 25 by National Bank Canada. The company was reinitiated on Friday, June 23 by JP Morgan. The firm has “Neutral” rating given on Monday, January 30 by Mizuho. The rating was maintained by Mizuho with “Hold” on Friday, March 16. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Overweight” rating given on Wednesday, September 7 by iperJaffray. The firm earned “Equal-Weight” rating on Tuesday, April 17 by Barclays Capital.

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