Qv Investors Increased Its Now (DNOW) Stake by $8.77 Million; Stock Price Declined; Pbf Energy (PBF) Share Value Declined While Old West Investment Management Lowered Position by $1.16 Million

January 20, 2018 - By Maria Brooks

Qv Investors Inc increased its stake in Now Inc (DNOW) by 44.84% based on its latest 2017Q3 regulatory filing with the SEC. Qv Investors Inc bought 674,348 shares as the company’s stock declined 12.97% while stock markets rallied. The institutional investor held 2.18M shares of the metal fabrications company at the end of 2017Q3, valued at $30.08 million, up from 1.50M at the end of the previous reported quarter. Qv Investors Inc who had been investing in Now Inc for a number of months, seems to be bullish on the $1.34B market cap company. The stock increased 1.72% or $0.21 during the last trading session, reaching $12.39. About 887,385 shares traded. NOW Inc. (NYSE:DNOW) has risen 9.86% since January 20, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Old West Investment Management Llc decreased its stake in Pbf Energy Inc (PBF) by 8.97% based on its latest 2017Q3 regulatory filing with the SEC. Old West Investment Management Llc sold 43,098 shares as the company’s stock declined 10.10% while stock markets rallied. The hedge fund held 437,361 shares of the integrated oil company at the end of 2017Q3, valued at $12.08M, down from 480,459 at the end of the previous reported quarter. Old West Investment Management Llc who had been investing in Pbf Energy Inc for a number of months, seems to be less bullish one the $3.83B market cap company. The stock decreased 0.91% or $0.31 during the last trading session, reaching $33.6. About 1.66 million shares traded. PBF Energy Inc. (NYSE:PBF) has declined 20.84% since January 20, 2017 and is downtrending. It has underperformed by 37.54% the S&P500.

Qv Investors Inc, which manages about $1.19B US Long portfolio, decreased its stake in National Oilwell Varco Inc (NYSE:NOV) by 57,296 shares to 840,057 shares, valued at $30.02M in 2017Q3, according to the filing. It also reduced its holding in Stryker Corp (NYSE:SYK) by 39,780 shares in the quarter, leaving it with 191,304 shares, and cut its stake in Berkshire Hathaway Inc (BRKB).

Among 11 analysts covering Now Inc (NYSE:DNOW), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Now Inc had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Equal Weight” rating on Thursday, August 6 by Stephens. Credit Suisse initiated NOW Inc. (NYSE:DNOW) rating on Tuesday, September 15. Credit Suisse has “Neutral” rating and $20 target. The rating was maintained by KeyBanc Capital Markets on Friday, September 15 with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Sunday, October 15 report. Stifel Nicolaus maintained the shares of DNOW in report on Thursday, July 6 with “Buy” rating. The rating was maintained by Robert W. Baird on Monday, October 9 with “Buy”. The firm has “Hold” rating given on Friday, October 6 by Cowen & Co. Robert W. Baird downgraded the shares of DNOW in report on Friday, October 13 to “Neutral” rating. The firm has “Market Perform” rating by Cowen & Co given on Friday, September 16. The stock of NOW Inc. (NYSE:DNOW) earned “Neutral” rating by Seaport Global on Wednesday, June 21.

Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.09, from 1.13 in 2017Q2. It increased, as 35 investors sold DNOW shares while 62 reduced holdings. 31 funds opened positions while 87 raised stakes. 109.72 million shares or 3.22% more from 106.30 million shares in 2017Q2 were reported. Winslow Evans & Crocker owns 402 shares. Knightsbridge Asset Mgmt Limited Co holds 294,540 shares. Ubs Asset Mngmt Americas Inc reported 0% in NOW Inc. (NYSE:DNOW). Employees Retirement System Of Texas owns 460,000 shares or 0.08% of their US portfolio. Tower Research Cap Ltd Co (Trc) reported 0.01% stake. Whittier Tru reported 1,256 shares or 0% of all its holdings. Texas Permanent School Fund owns 0.01% invested in NOW Inc. (NYSE:DNOW) for 78,602 shares. Gru One Trading Limited Partnership invested in 1,213 shares. Alberta – Canada-based Qv Invsts has invested 2.52% in NOW Inc. (NYSE:DNOW). Stevens Capital Management Limited Partnership owns 79,894 shares or 0.04% of their US portfolio. The California-based California State Teachers Retirement Sys has invested 0.01% in NOW Inc. (NYSE:DNOW). Shufro Rose & Co Limited Co, New York-based fund reported 142,305 shares. Peoples Svcs invested 0% in NOW Inc. (NYSE:DNOW). Sei Invs has 0% invested in NOW Inc. (NYSE:DNOW). 40,659 were accumulated by Schwerin Boyle Capital Mgmt.

Analysts await PBF Energy Inc. (NYSE:PBF) to report earnings on February, 15. They expect $0.54 EPS, up 176.06% or $1.25 from last year’s $-0.71 per share. PBF’s profit will be $61.49M for 15.56 P/E if the $0.54 EPS becomes a reality. After $1.44 actual EPS reported by PBF Energy Inc. for the previous quarter, Wall Street now forecasts -62.50% negative EPS growth.

Old West Investment Management Llc, which manages about $207.40 million and $190.43M US Long portfolio, upped its stake in Novagold Resources Inc (NYSEMKT:NG) by 192,826 shares to 1.31 million shares, valued at $5.39 million in 2017Q3, according to the filing. It also increased its holding in Western Union Co/The (NYSE:WU) by 85,559 shares in the quarter, for a total of 129,906 shares, and has risen its stake in Idt Corporation (NYSE:IDT).

Among 16 analysts covering PBF Energy Inc (NYSE:PBF), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. PBF Energy Inc had 57 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, June 29. As per Thursday, September 7, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Wolfe Research to “Outperform” on Monday, November 14. The firm has “Hold” rating given on Monday, November 6 by RBC Capital Markets. The stock has “Underweight” rating by Barclays Capital on Tuesday, October 10. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, April 5 report. The rating was downgraded by Zacks to “Buy” on Tuesday, August 11. Piper Jaffray maintained PBF Energy Inc. (NYSE:PBF) on Friday, May 26 with “Neutral” rating. Citigroup maintained PBF Energy Inc. (NYSE:PBF) rating on Monday, August 7. Citigroup has “Buy” rating and $33 target. Credit Suisse maintained PBF Energy Inc. (NYSE:PBF) rating on Monday, April 25. Credit Suisse has “Outperform” rating and $38 target.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 1.10, from 1.94 in 2017Q2. It turned negative, as 32 investors sold PBF shares while 82 reduced holdings. 30 funds opened positions while 66 raised stakes. 116.04 million shares or 2.69% less from 119.24 million shares in 2017Q2 were reported. Citadel Advisors Ltd Com reported 0.01% of its portfolio in PBF Energy Inc. (NYSE:PBF). Tiaa Cref Invest Mgmt Ltd Liability Com invested 0.01% of its portfolio in PBF Energy Inc. (NYSE:PBF). New York State Common Retirement Fund reported 227,500 shares. Automobile Association reported 288,460 shares stake. Old Mutual Customised Solutions (Proprietary) Ltd has 0.02% invested in PBF Energy Inc. (NYSE:PBF) for 5,100 shares. Gsa Llp invested 0.04% of its portfolio in PBF Energy Inc. (NYSE:PBF). Deutsche National Bank & Trust Ag has 0% invested in PBF Energy Inc. (NYSE:PBF) for 158,218 shares. Parametric Associate Ltd Liability Corporation accumulated 0.03% or 865,085 shares. Ameriprise Inc has 0.01% invested in PBF Energy Inc. (NYSE:PBF) for 1.09M shares. Winslow Evans & Crocker Incorporated holds 1,000 shares. Ameritas Investment Ptnrs owns 32,100 shares. 62,213 were accumulated by Arizona State Retirement. Credit Cap Invs Ltd Liability Corporation invested 0.82% of its portfolio in PBF Energy Inc. (NYSE:PBF). Jane Street Gru Limited Liability Corp has invested 0% of its portfolio in PBF Energy Inc. (NYSE:PBF). Advantus Capital owns 0.01% invested in PBF Energy Inc. (NYSE:PBF) for 13,847 shares.

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