Hawkins Capital LP Has Raised Its Stake in Transocean LTD (RIG) as Valuation Declined; As Western Gas Equity Partners (WGP) Valuation Declined, Salient Capital Advisors Has Cut Its Stake by $11.00 Million

January 20, 2018 - By Ellis Scott

Russell Hawkins increased its stake in Transocean Ltd (RIG) by 2047.95% based on its latest 2017Q3 regulatory filing with the SEC. Hawkins Capital Lp bought 37,375 shares as the company’s stock declined 20.06% while stock markets rallied. The hedge fund run by Russell Hawkins held 39,200 shares of the oil & gas production company at the end of 2017Q3, valued at $421,000, up from 1,825 at the end of the previous reported quarter. Hawkins Capital Lp who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $4.54 billion market cap company. The stock increased 2.47% or $0.28 during the last trading session, reaching $11.6. About 12.90M shares traded or 14.16% up from the average. Transocean Ltd. (NYSE:RIG) has risen 15.86% since January 20, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Salient Capital Advisors Llc decreased its stake in Western Gas Equity Partners (WGP) by 6.62% based on its latest 2017Q3 regulatory filing with the SEC. Salient Capital Advisors Llc sold 268,346 shares as the company’s stock declined 5.04% while stock markets rallied. The institutional investor held 3.78M shares of the public utilities company at the end of 2017Q3, valued at $155.83M, down from 4.05 million at the end of the previous reported quarter. Salient Capital Advisors Llc who had been investing in Western Gas Equity Partners for a number of months, seems to be less bullish one the $8.85B market cap company. The stock increased 1.25% or $0.5 during the last trading session, reaching $40.42. About 118,295 shares traded. Western Gas Equity Partners, LP (NYSE:WGP) has risen 3.31% since January 20, 2017 and is uptrending. It has underperformed by 13.39% the S&P500.

Among 19 analysts covering Western Gas Equity Partners (NYSE:WGP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Western Gas Equity Partners had 33 analyst reports since August 3, 2015 according to SRatingsIntel. The company was downgraded on Friday, March 11 by Goldman Sachs. The stock has “Hold” rating by Wunderlich on Wednesday, January 20. The stock of Western Gas Equity Partners, LP (NYSE:WGP) earned “Neutral” rating by MUFG on Friday, June 17. Credit Suisse downgraded the shares of WGP in report on Thursday, March 17 to “Neutral” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, November 2. On Thursday, April 7 the stock rating was maintained by Citigroup with “Neutral”. The rating was initiated by Morgan Stanley on Thursday, February 25 with “Equal-Weight”. The rating was downgraded by Wells Fargo on Friday, January 15 to “Market Perform”. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, October 13. UBS upgraded the shares of WGP in report on Wednesday, January 3 to “Buy” rating.

Analysts await Western Gas Equity Partners, LP (NYSE:WGP) to report earnings on February, 28. They expect $0.44 earnings per share, up 12.82% or $0.05 from last year’s $0.39 per share. WGP’s profit will be $96.33M for 22.97 P/E if the $0.44 EPS becomes a reality. After $0.44 actual earnings per share reported by Western Gas Equity Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.11, from 1.12 in 2017Q2. It improved, as 10 investors sold WGP shares while 30 reduced holdings. 13 funds opened positions while 36 raised stakes. 39.37 million shares or 2.95% more from 38.24 million shares in 2017Q2 were reported. Linscomb Williams owns 10,380 shares. Northern Corporation accumulated 68,549 shares. Bnp Paribas Arbitrage owns 4,058 shares or 0% of their US portfolio. Fincl Bank Of Montreal Can stated it has 32,288 shares. Hightower Advsr Ltd Com holds 0% in Western Gas Equity Partners, LP (NYSE:WGP) or 7,265 shares. Center Coast Cap LP stated it has 864,477 shares. Eagle Glob Advsrs Llc reported 0.18% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP). Arrowstreet Capital Ltd Partnership stated it has 0% in Western Gas Equity Partners, LP (NYSE:WGP). Angelo Gordon & Lp invested in 0.02% or 10,000 shares. Nelson Van Denburg And Campbell Wealth Mngmt Ltd Liability Com invested in 54 shares or 0% of the stock. Wetherby Asset Management holds 0.04% or 6,000 shares. Nbw Cap Ltd Llc owns 2.04% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 182,554 shares. Wells Fargo And Co Mn invested 0% in Western Gas Equity Partners, LP (NYSE:WGP). Manufacturers Life The reported 0% in Western Gas Equity Partners, LP (NYSE:WGP). Clearbridge Investments Ltd Liability invested in 10,250 shares or 0% of the stock.

Salient Capital Advisors Llc, which manages about $5.02B and $4.53B US Long portfolio, upped its stake in Pembina Pipeline Corp (NYSE:PBA) by 11,340 shares to 400,212 shares, valued at $14.05M in 2017Q3, according to the filing. It also increased its holding in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 207,713 shares in the quarter, for a total of 2.55M shares, and has risen its stake in Antero Midstream Partners Lp (NYSE:AM).

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 15 have Buy rating, 10 Sell and 15 Hold. Therefore 38% are positive. Transocean Ltd had 102 analyst reports since August 7, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock to “Underweight” rating in Thursday, February 2 report. The company was upgraded on Thursday, August 25 by Citigroup. Guggenheim upgraded the shares of RIG in report on Monday, November 30 to “Buy” rating. The rating was initiated by Sidoti with “Buy” on Friday, January 15. As per Friday, January 12, the company rating was maintained by Susquehanna. The stock of Transocean Ltd. (NYSE:RIG) has “Sell” rating given on Wednesday, April 19 by BMO Capital Markets. The firm earned “Hold” rating on Wednesday, October 18 by Cowen & Co. As per Friday, August 5, the company rating was upgraded by Susquehanna. The stock has “Reduce” rating by Nomura on Thursday, August 17. The company was maintained on Tuesday, July 11 by BMO Capital Markets.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.30, from 1.25 in 2017Q2. It dived, as 66 investors sold RIG shares while 107 reduced holdings. 54 funds opened positions while 110 raised stakes. 280.42 million shares or 7.79% more from 260.14 million shares in 2017Q2 were reported. Castleark Ltd Llc, a Illinois-based fund reported 11,600 shares. Oppenheimer Asset Mngmt has invested 0% of its portfolio in Transocean Ltd. (NYSE:RIG). Mngmt Professionals holds 0% or 242 shares in its portfolio. Corecommodity Limited Co has 41,155 shares. Parametric Assoc Ltd Limited Liability Company, Washington-based fund reported 1.49 million shares. Dekabank Deutsche Girozentrale invested 0.01% in Transocean Ltd. (NYSE:RIG). 10,186 were accumulated by Benjamin F Edwards And. Rhumbline Advisers holds 0.02% of its portfolio in Transocean Ltd. (NYSE:RIG) for 642,550 shares. Ellington Mgmt Gp Ltd Liability Corp holds 0.39% or 214,800 shares in its portfolio. Alyeska Invest Grp Lp has 2.48 million shares. Exane Derivatives stated it has 44,984 shares or 0.09% of all its holdings. Gsa Ptnrs Llp invested in 0.2% or 278,556 shares. Oppenheimer invested in 0.02% or 56,813 shares. Private Advisor Group Limited Company, New Jersey-based fund reported 29,899 shares. Hightower Ltd Liability Corp reported 83,692 shares.

Hawkins Capital Lp, which manages about $1.60 billion and $241.40M US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 58,100 shares to 49,200 shares, valued at $2.46 million in 2017Q3, according to the filing. It also reduced its holding in Plains All Amern Pipeline L (NYSE:PAA) by 191,100 shares in the quarter, leaving it with 18,700 shares, and cut its stake in Novartis A G (NYSE:NVS).

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