Holowesko Partners LTD Raised Wells Fargo Co New (WFC) Position; Petrus Trust Company Lta Cut By $424,440 Its Tenneco (TEN) Holding

February 24, 2018 - By Neil V. Hobbs

Holowesko Partners Ltd increased Wells Fargo Co New (WFC) stake by 16.03% reported in 2017Q3 SEC filing. Holowesko Partners Ltd acquired 329,000 shares as Wells Fargo Co New (WFC)’s stock declined 8.66%. The Holowesko Partners Ltd holds 2.38 million shares with $131.37M value, up from 2.05M last quarter. Wells Fargo Co New now has $289.44 billion valuation. The stock increased 0.61% or $0.36 during the last trading session, reaching $59.17. About 21.10M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 24, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Petrus Trust Company Lta decreased Tenneco Inc (TEN) stake by 67.24% reported in 2017Q3 SEC filing. Petrus Trust Company Lta sold 7,074 shares as Tenneco Inc (TEN)’s stock declined 16.10%. The Petrus Trust Company Lta holds 3,447 shares with $209,000 value, down from 10,521 last quarter. Tenneco Inc now has $2.90B valuation. The stock decreased 1.15% or $0.65 during the last trading session, reaching $56.11. About 404,630 shares traded. Tenneco Inc. (NYSE:TEN) has risen 7.45% since February 24, 2017 and is uptrending. It has underperformed by 9.25% the S&P500.

Since August 31, 2017, it had 0 insider purchases, and 8 insider sales for $4.98 million activity. Another trade for 6,368 shares valued at $388,448 was made by Kunz John E on Wednesday, September 27. 27,443 shares were sold by Sherrill Gregg M, worth $1.50 million. Harrington James D. sold 13,765 shares worth $782,816. Another trade for 5,558 shares valued at $320,629 was made by Guo Peng on Wednesday, December 13.

Petrus Trust Company Lta increased Intel Corp (NASDAQ:INTC) stake by 8,073 shares to 138,611 valued at $5.28M in 2017Q3. It also upped Apogee Enterprises Inc (NASDAQ:APOG) stake by 8,691 shares and now owns 12,353 shares. Altaba Inc was raised too.

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.02, from 0.97 in 2017Q2. It improved, as 29 investors sold TEN shares while 92 reduced holdings. 37 funds opened positions while 83 raised stakes. 47.82 million shares or 5.29% less from 50.49 million shares in 2017Q2 were reported. North Star Invest Management owns 50 shares for 0% of their portfolio. Johnson Financial Gru reported 0.01% of its portfolio in Tenneco Inc. (NYSE:TEN). Jacobs Levy Equity reported 217,819 shares or 0.26% of all its holdings. Fmr Ltd, Massachusetts-based fund reported 2.91M shares. Dimensional Fund LP has 0.03% invested in Tenneco Inc. (NYSE:TEN). Dean has invested 2.48% in Tenneco Inc. (NYSE:TEN). Renaissance Limited Liability Corporation reported 5,814 shares stake. Cantab Ptnrs Limited Liability Partnership stated it has 466 shares or 0% of all its holdings. Point72 Asia (Hong Kong) has 100 shares for 0% of their portfolio. Evanston Dba Evanston holds 0.75% or 51,334 shares. Dreman Value Mgmt L L C accumulated 5,385 shares or 0.18% of the stock. 136,098 are held by D E Shaw &. 72,500 are owned by Point72 Asset Lp. New Amsterdam Prtnrs Ltd Company Ny invested 2.35% in Tenneco Inc. (NYSE:TEN). Blackrock has 0.02% invested in Tenneco Inc. (NYSE:TEN).

Analysts await Tenneco Inc. (NYSE:TEN) to report earnings on May, 7. They expect $1.69 earnings per share, up 10.46% or $0.16 from last year’s $1.53 per share. TEN’s profit will be $87.20 million for 8.30 P/E if the $1.69 EPS becomes a reality. After $1.89 actual earnings per share reported by Tenneco Inc. for the previous quarter, Wall Street now forecasts -10.58% negative EPS growth.

Among 11 analysts covering Tenneco Inc (NYSE:TEN), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Tenneco Inc had 45 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, October 30. The company was maintained on Tuesday, May 2 by RBC Capital Markets. Susquehanna downgraded the shares of TEN in report on Wednesday, January 25 to “Neutral” rating. The firm has “Hold” rating given on Wednesday, August 30 by RBC Capital Markets. Jefferies maintained the shares of TEN in report on Thursday, July 6 with “Hold” rating. The stock of Tenneco Inc. (NYSE:TEN) has “Market Perform” rating given on Wednesday, April 27 by Wells Fargo. As per Wednesday, November 30, the company rating was initiated by Jefferies. As per Sunday, October 1, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Friday, February 9. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 26 report.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 3 report. The company was maintained on Monday, October 9 by Citigroup. The firm earned “Hold” rating on Monday, April 11 by Sandler O’Neill. The rating was reinitiated by UBS with “Neutral” on Wednesday, January 11. The company was maintained on Sunday, July 30 by BMO Capital Markets. BMO Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, January 12. BMO Capital Markets has “Hold” rating and $62.0 target. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Wednesday, July 29 by Guggenheim. The firm earned “Outperform” rating on Tuesday, January 12 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Tuesday, January 19 by Argus Research. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Guggenheim on Thursday, October 15.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It worsened, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. 299,657 are held by Acadian Asset Mgmt Lc. Sumitomo Mitsui Asset Mgmt Communications holds 608,703 shares. Van Den Berg Management I has 3.77% invested in Wells Fargo & Company (NYSE:WFC). Crawford Inv Counsel Inc owns 417,602 shares. Sumitomo Mitsui Tru Holdg reported 13.47 million shares. Annex Advisory Services Limited holds 0.08% or 6,646 shares. Bangor Bancorp holds 0.47% or 41,742 shares in its portfolio. Ashfield Ptnrs Lc holds 99,190 shares or 0.73% of its portfolio. Franklin Street Advsr Nc holds 23,880 shares or 0.22% of its portfolio. S&T Bancshares Pa owns 0.38% invested in Wells Fargo & Company (NYSE:WFC) for 38,190 shares. Rmb Cap Ltd Liability Com accumulated 196,404 shares. Alley Ltd Liability Corp owns 2.03% invested in Wells Fargo & Company (NYSE:WFC) for 101,355 shares. Mawer Investment Mngmt Limited owns 5.09 million shares for 2.39% of their portfolio. Goldstein Munger And Associate holds 4,900 shares or 0.12% of its portfolio. Banced holds 0.37% or 3,844 shares.

Since November 17, 2017, it had 0 insider buys, and 1 sale for $292,234 activity. 5,393 shares were sold by Codel Franklin R, worth $292,234.

Holowesko Partners Ltd decreased Astrazeneca Plc (NYSE:AZN) stake by 220,000 shares to 1.90M valued at $64.30M in 2017Q3. It also reduced Embraer S A (NYSE:ERJ) stake by 630,000 shares and now owns 3.21M shares. General Dynamics Corp (NYSE:GD) was reduced too.

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