As Ak Stl Hldg (AKS) Valuation Declined, Ellington Management Group Raised Stake; As Chevron New (CVX) Stock Price Declined, Empirical Financial Services Raised Position by $604,305

February 15, 2018 - By Linda Rogers

Empirical Financial Services Llc increased its stake in Chevron Corp New (CVX) by 48.23% based on its latest 2017Q3 regulatory filing with the SEC. Empirical Financial Services Llc bought 5,165 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 15,873 shares of the integrated oil company at the end of 2017Q3, valued at $1.87 million, up from 10,708 at the end of the previous reported quarter. Empirical Financial Services Llc who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $212.12 billion market cap company. The stock decreased 0.74% or $0.83 during the last trading session, reaching $111.68. About 2.79 million shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 15, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Mike Vranos increased its stake in Ak Stl Hldg Corp (AKS) by 643.84% based on its latest 2017Q3 regulatory filing with the SEC. Ellington Management Group Llc bought 94,000 shares as the company’s stock declined 37.22% while stock markets rallied. The hedge fund run by Mike Vranos held 108,600 shares of the steel and iron ore company at the end of 2017Q3, valued at $607,000, up from 14,600 at the end of the previous reported quarter. Ellington Management Group Llc who had been investing in Ak Stl Hldg Corp for a number of months, seems to be bullish on the $1.62 billion market cap company. The stock decreased 0.87% or $0.045 during the last trading session, reaching $5.135. About 7.90 million shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since February 15, 2017 and is uptrending. It has outperformed by 41.42% the S&P500.

Empirical Financial Services Llc, which manages about $933.31 million and $433.35M US Long portfolio, decreased its stake in Patterson Companies Inc (NASDAQ:PDCO) by 8,002 shares to 6,998 shares, valued at $270,000 in 2017Q3, according to the filing.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It worsened, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. 99,765 were reported by Goelzer Invest Incorporated. Roof Eidam Maycock Adv invested in 0.65% or 10,801 shares. David R Rahn & Associates Inc holds 0.14% of its portfolio in Chevron Corporation (NYSE:CVX) for 1,737 shares. Brown Advisory Inc holds 0.11% of its portfolio in Chevron Corporation (NYSE:CVX) for 291,174 shares. Swedbank, Sweden-based fund reported 1.06M shares. Jfs Wealth Advisors Limited stated it has 8,738 shares. Fagan Assocs accumulated 0.37% or 6,347 shares. Security National Tru invested 1.5% in Chevron Corporation (NYSE:CVX). Cibc Asset Management Inc has 0.18% invested in Chevron Corporation (NYSE:CVX). Stock Yards Bankshares Trust has invested 2.41% in Chevron Corporation (NYSE:CVX). Cim Mangement owns 0.49% invested in Chevron Corporation (NYSE:CVX) for 11,545 shares. Moreover, Susquehanna Intl Grp Incorporated Limited Liability Partnership has 0% invested in Chevron Corporation (NYSE:CVX). Brown Advisory Securities Llc owns 22,334 shares or 0.57% of their US portfolio. Wilkins Counsel reported 0.17% of its portfolio in Chevron Corporation (NYSE:CVX). Verus Fin Partners owns 3,492 shares.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup upgraded Chevron Corporation (NYSE:CVX) on Wednesday, December 2 to “Buy” rating. The rating was maintained by Barclays Capital on Monday, October 12 with “Equal-Weight”. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, March 9. On Tuesday, October 10 the stock rating was maintained by Piper Jaffray with “Buy”. The firm earned “Hold” rating on Tuesday, August 4 by S&P Research. Bank of America maintained it with “Buy” rating and $125 target in Tuesday, October 3 report. The rating was downgraded by Bank of America to “Hold” on Thursday, January 4. The company was maintained on Monday, February 5 by Piper Jaffray. The firm has “Buy” rating by Piper Jaffray given on Thursday, September 28. The stock has “Sell” rating by RBC Capital Markets on Friday, October 27.

Since August 16, 2017, it had 0 insider buys, and 1 insider sale for $3.06 million activity. Pate R. Hewitt sold $3.06 million worth of stock or 25,500 shares.

Among 20 analysts covering AK Steel Holding Corporation (NYSE:AKS), 8 have Buy rating, 2 Sell and 10 Hold. Therefore 40% are positive. AK Steel Holding Corporation had 82 analyst reports since July 29, 2015 according to SRatingsIntel. Deutsche Bank upgraded the shares of AKS in report on Monday, October 3 to “Hold” rating. As per Friday, October 28, the company rating was maintained by Deutsche Bank. The company was maintained on Wednesday, April 27 by Macquarie Research. The rating was downgraded by Morgan Stanley on Monday, February 13 to “Equal-Weight”. Deutsche Bank upgraded it to “Buy” rating and $10 target in Friday, June 23 report. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Neutral” rating by Nomura on Wednesday, March 9. KeyBanc Capital Markets maintained the stock with “Hold” rating in Thursday, October 19 report. Jefferies maintained AK Steel Holding Corporation (NYSE:AKS) on Monday, May 1 with “Buy” rating. Citigroup maintained the shares of AKS in report on Thursday, November 2 with “Neutral” rating. BMO Capital Markets maintained it with “Hold” rating and $7.0 target in Tuesday, August 29 report.

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.49, from 1.32 in 2017Q2. It worsened, as 40 investors sold AKS shares while 80 reduced holdings. 39 funds opened positions while 61 raised stakes. 197.43 million shares or 12.04% less from 224.47 million shares in 2017Q2 were reported. Dimensional Fund Advisors Ltd Partnership accumulated 0.01% or 6.08 million shares. Bluecrest Capital Mngmt Ltd, a Guernsey-based fund reported 1.01M shares. Blackrock reported 41.51 million shares. Kennedy Cap reported 0.04% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Texas Permanent School Fund invested 0.02% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Hsbc Hldgs Public Limited Com stated it has 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Menta Ltd stated it has 0.12% in AK Steel Holding Corporation (NYSE:AKS). Moreover, Bank Of America De has 0% invested in AK Steel Holding Corporation (NYSE:AKS). Truepoint holds 0.02% or 223,600 shares. Proshare Advisors Ltd Liability stated it has 28,196 shares or 0% of all its holdings. Geode Capital Mgmt Ltd Co reported 0.01% in AK Steel Holding Corporation (NYSE:AKS). Rafferty Asset Lc holds 129,623 shares. Ubs Asset Management Americas holds 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 1.02M shares. Canada Pension Plan Invest Board has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Wellington Management Grp Ltd Liability Partnership has invested 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS).

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