As Wpx Energy (WPX) Valuation Declined, Jvl Advisors Has Boosted Position by $7.00 Million; Lazard Asset Management Continues to Hold Stake in Icici Bank Adr (IBN)

February 18, 2018 - By Michael Collier

Jvl Advisors Llc increased its stake in Wpx Energy Inc (WPX) by 14.15% based on its latest 2017Q3 regulatory filing with the SEC. Jvl Advisors Llc bought 636,153 shares as the company’s stock declined 6.43% while stock markets rallied. The hedge fund held 5.13M shares of the energy company at the end of 2017Q3, valued at $59.03M, up from 4.50M at the end of the previous reported quarter. Jvl Advisors Llc who had been investing in Wpx Energy Inc for a number of months, seems to be bullish on the $5.55B market cap company. The stock decreased 0.85% or $0.12 during the last trading session, reaching $13.95. About 6.35M shares traded or 9.37% up from the average. WPX Energy, Inc. (NYSE:WPX) has risen 29.74% since February 18, 2017 and is uptrending. It has outperformed by 13.04% the S&P500.

Lazard Asset Management Llc increased its stake in Icici Bank Adr (IBN) by 43.02% based on its latest 2017Q3 regulatory filing with the SEC. Lazard Asset Management Llc bought 8.49M shares as the company’s stock rose 14.25% with the market. The institutional investor held 28.23M shares of the commercial banks company at the end of 2017Q3, valued at $241.63M, up from 19.74 million at the end of the previous reported quarter. Lazard Asset Management Llc who had been investing in Icici Bank Adr for a number of months, seems to be bullish on the $31.91B market cap company. The stock decreased 2.50% or $0.26 during the last trading session, reaching $10.15. About 9.16 million shares traded or 39.31% up from the average. ICICI Bank Limited (NYSE:IBN) has risen 45.32% since February 18, 2017 and is uptrending. It has outperformed by 28.62% the S&P500.

Among 7 analysts covering ICICI Bank (NYSE:IBN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. ICICI Bank had 11 analyst reports since August 19, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, May 3 by Goldman Sachs. The firm has “Buy” rating by UBS given on Friday, October 21. On Wednesday, August 26 the stock rating was upgraded by Standpoint Research to “Hold”. The firm earned “Buy” rating on Monday, October 24 by Goldman Sachs. The rating was upgraded by Goldman Sachs on Monday, September 14 to “Buy”. The rating was initiated by Morgan Stanley on Tuesday, January 16 with “Buy”. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, April 21 report. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. Zacks upgraded the shares of IBN in report on Wednesday, August 19 to “Sell” rating. The firm has “Hold” rating by Zacks given on Thursday, September 3.

Lazard Asset Management Llc, which manages about $50.27 billion US Long portfolio, decreased its stake in Us Bancorp (NYSE:USB) by 58,407 shares to 366,169 shares, valued at $19.62M in 2017Q3, according to the filing. It also reduced its holding in Idcc 1.5 3/1/20 (Prn) by 2.50M shares in the quarter, leaving it with 7.50M shares, and cut its stake in Bb&T Corp (NYSE:BBT).

Among 32 analysts covering WPX Energy (NYSE:WPX), 27 have Buy rating, 0 Sell and 5 Hold. Therefore 84% are positive. WPX Energy had 112 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Friday, March 11 with “Hold”. The stock has “Buy” rating by BMO Capital Markets on Tuesday, October 10. Seaport Global downgraded WPX Energy, Inc. (NYSE:WPX) rating on Wednesday, June 21. Seaport Global has “Sell” rating and $6.5000 target. Goldman Sachs maintained the shares of WPX in report on Tuesday, March 29 with “Neutral” rating. The firm earned “Outperform” rating on Thursday, July 21 by Robert W. Baird. Citigroup initiated the shares of WPX in report on Tuesday, September 22 with “Neutral” rating. The rating was maintained by Bank of America with “Buy” on Tuesday, November 14. The company was maintained on Monday, August 21 by Northland Capital. The stock of WPX Energy, Inc. (NYSE:WPX) has “Hold” rating given on Saturday, August 29 by TheStreet. The stock has “Buy” rating by SunTrust on Wednesday, November 1.

Since September 15, 2017, it had 0 buys, and 1 sale for $366,765 activity.

Investors sentiment decreased to 1.29 in Q3 2017. Its down 0.15, from 1.44 in 2017Q2. It turned negative, as 36 investors sold WPX shares while 82 reduced holdings. 34 funds opened positions while 118 raised stakes. 385.12 million shares or 1.57% more from 379.18 million shares in 2017Q2 were reported. Goldman Sachs Grp Inc Inc invested in 11.09M shares or 0.03% of the stock. Counselors holds 0.01% or 12,073 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Paloma Prtn Mgmt Company invested 0.02% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Penn Capital Management Communication has 1.22M shares. Capital Ok holds 0.01% or 11,971 shares in its portfolio. Moreover, Systematic Fincl Mngmt Ltd Partnership has 0.89% invested in WPX Energy, Inc. (NYSE:WPX) for 3.83 million shares. Mackenzie Corp accumulated 0.07% or 1.11M shares. The Switzerland-based Credit Suisse Ag has invested 0% in WPX Energy, Inc. (NYSE:WPX). Cubist Systematic Strategies Ltd Liability Corporation holds 150,186 shares. Bnp Paribas Arbitrage reported 0.02% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Boothbay Fund Ltd Liability Corporation holds 0.08% in WPX Energy, Inc. (NYSE:WPX) or 39,325 shares. Lmr Prtnrs Limited Liability Partnership has 39,815 shares. Cap Advsrs Lc owns 0.01% invested in WPX Energy, Inc. (NYSE:WPX) for 10,205 shares. 55 are owned by D Scott Neal Inc.

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