National Oilwell Varco (NOV) Shareholder Public Sector Pension Investment Board Cut Its Holding as Stock Price Declined; Jet Capital Investors LP Has Trimmed Holding in At&T (Call) (T) by $43.52 Million

January 22, 2018 - By Vivian Park

Public Sector Pension Investment Board decreased its stake in National Oilwell Varco Inc (NOV) by 53.64% based on its latest 2017Q3 regulatory filing with the SEC. Public Sector Pension Investment Board sold 22,980 shares as the company’s stock declined 11.45% while stock markets rallied. The institutional investor held 19,861 shares of the energy company at the end of 2017Q3, valued at $710,000, down from 42,841 at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in National Oilwell Varco Inc for a number of months, seems to be less bullish one the $14.54B market cap company. The stock increased 0.71% or $0.27 during the last trading session, reaching $38.25. About 1.15 million shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since January 22, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

Matthew Mark decreased its stake in At&T Inc (Call) (T) by 52.74% based on its latest 2017Q3 regulatory filing with the SEC. Jet Capital Investors LP sold 1.12 million shares as the company’s stock declined 7.81% while stock markets rallied. The hedge fund run by Matthew Mark held 1.00 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $39.17M, down from 2.12M at the end of the previous reported quarter. Jet Capital Investors LP who had been investing in At&T Inc (Call) for a number of months, seems to be less bullish one the $230.06B market cap company. The stock increased 0.71% or $0.26 during the last trading session, reaching $37.47. About 13.23 million shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since January 22, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Public Sector Pension Investment Board, which manages about $23.07 billion US Long portfolio, upped its stake in Hawaiian Holdings Inc (NASDAQ:HA) by 30,487 shares to 58,087 shares, valued at $2.18 million in 2017Q3, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 1.37M shares in the quarter, for a total of 2.26M shares, and has risen its stake in Tesla Inc (NASDAQ:TSLA).

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on February, 5 after the close. They expect $-0.04 EPS, up 73.33% or $0.11 from last year’s $-0.15 per share. After $-0.07 actual EPS reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth.

Investors sentiment increased to 0.85 in Q3 2017. Its up 0.18, from 0.67 in 2017Q2. It improved, as 53 investors sold NOV shares while 189 reduced holdings. 49 funds opened positions while 157 raised stakes. 348.73 million shares or 2.54% more from 340.10 million shares in 2017Q2 were reported. Montag A & Assoc, a Georgia-based fund reported 8,058 shares. Pictet Asset Mgmt Ltd owns 0.02% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 202,062 shares. Speece Thorson Capital Group Inc holds 3.96% or 531,727 shares in its portfolio. Prudential Financial invested in 573,379 shares. Georgia-based Voya Invest Management Ltd Company has invested 0.02% in National Oilwell Varco, Inc. (NYSE:NOV). Whittier Tru Of Nevada Inc accumulated 0% or 106 shares. Reliance Tru Of Delaware holds 29,773 shares or 0.16% of its portfolio. Cobblestone Advisors Ltd Com holds 126,840 shares. Calamos Advsrs Lc reported 78,317 shares or 0.02% of all its holdings. Fmr Ltd Com accumulated 8.93 million shares. Horan Capital Advsrs Ltd Limited Liability Company reported 300 shares. Texas Permanent School Fund holds 0.05% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 105,321 shares. Welch Forbes Lc reported 67,250 shares or 0.06% of all its holdings. Westpac Bk Corp invested 0.09% in National Oilwell Varco, Inc. (NYSE:NOV). Huntington Savings Bank reported 987 shares.

Among 34 analysts covering National Oilwell Varco (NYSE:NOV), 10 have Buy rating, 5 Sell and 19 Hold. Therefore 29% are positive. National Oilwell Varco had 112 analyst reports since July 31, 2015 according to SRatingsIntel. BMO Capital Markets maintained National Oilwell Varco, Inc. (NYSE:NOV) rating on Monday, January 15. BMO Capital Markets has “Sell” rating and $30.0 target. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, January 5 report. Piper Jaffray maintained the shares of NOV in report on Thursday, October 26 with “Buy” rating. The stock of National Oilwell Varco, Inc. (NYSE:NOV) has “Neutral” rating given on Monday, October 30 by JP Morgan. The stock of National Oilwell Varco, Inc. (NYSE:NOV) has “Hold” rating given on Wednesday, January 18 by SunTrust. The rating was maintained by RBC Capital Markets on Thursday, December 21 with “Hold”. On Wednesday, August 5 the stock rating was downgraded by Argus Research to “Hold”. The rating was downgraded by Suntrust Robinson to “Sell” on Monday, August 7. Guggenheim upgraded the shares of NOV in report on Monday, November 30 to “Buy” rating. The firm earned “Underperform” rating on Monday, June 13 by Bank of America.

Analysts await AT&T Inc. (NYSE:T) to report earnings on January, 24. They expect $0.65 earnings per share, down 1.52% or $0.01 from last year’s $0.66 per share. T’s profit will be $3.99B for 14.41 P/E if the $0.65 EPS becomes a reality. After $0.74 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2. It increased, as 77 investors sold T shares while 609 reduced holdings. 106 funds opened positions while 696 raised stakes. 3.34 billion shares or 1.04% more from 3.31 billion shares in 2017Q2 were reported. Rock Point Advsr Limited Co holds 6,834 shares. Bp Pcl reported 0.99% stake. Lazard Asset holds 14.30 million shares. Amp Ltd reported 2.40M shares or 0.53% of all its holdings. Amica Retiree Medical Trust invested 1.31% of its portfolio in AT&T Inc. (NYSE:T). Boyd Watterson Asset Mgmt Ltd Liability Company Oh holds 8,630 shares. Pennsylvania-based Weik Service Inc has invested 0.35% in AT&T Inc. (NYSE:T). Becker Capital Mngmt stated it has 1.17M shares or 1.58% of all its holdings. Greenwood Gearhart stated it has 134,260 shares or 1.9% of all its holdings. Shine Invest Advisory owns 1,035 shares or 0.02% of their US portfolio. Burney has invested 0.6% of its portfolio in AT&T Inc. (NYSE:T). Trust Communications Of Toledo Na Oh holds 96,932 shares or 0.96% of its portfolio. Colorado-based Centurylink Investment Mgmt has invested 0.79% in AT&T Inc. (NYSE:T). California-based Cheviot Value Ltd Liability Corp has invested 0.87% in AT&T Inc. (NYSE:T). Umb Natl Bank N A Mo, Missouri-based fund reported 524,837 shares.

Jet Capital Investors L P, which manages about $1.55B and $2.12B US Long portfolio, upped its stake in Hrg Group Inc (NYSE:HRG) by 350,000 shares to 4.45M shares, valued at $69.47 million in 2017Q3, according to the filing. It also increased its holding in At&T Inc (Put) (NYSE:T) by 398,500 shares in the quarter, for a total of 2.51 million shares, and has risen its stake in Alps Etf Tr (Put) (AMLP).

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