Viking Fund Management Lowered Its Wells Fargo & Co (WFC) Stake; Minerals Technologies Inc. (MTX) Had 1 Bullish Analysts

May 18, 2018 - By Stephen Andrade

Minerals Technologies Inc. (NYSE:MTX) Logo

Viking Fund Management Llc decreased Wells Fargo & Co (WFC) stake by 40.38% reported in 2017Q4 SEC filing. Viking Fund Management Llc sold 21,000 shares as Wells Fargo & Co (WFC)’s stock declined 16.98%. The Viking Fund Management Llc holds 31,000 shares with $1.88M value, down from 52,000 last quarter. Wells Fargo & Co now has $264.21B valuation. The stock decreased 1.49% or $0.82 during the last trading session, reaching $54.22. About 21.62M shares traded or 7.40% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 18, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Among 3 analysts covering Minerals Technologies (NYSE:MTX), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Minerals Technologies had 8 analyst reports since August 31, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, March 24 by JP Morgan. KeyBanc Capital Markets downgraded the shares of MTX in report on Monday, September 19 to “Sector Weight” rating. KeyBanc Capital Markets maintained the shares of MTX in report on Wednesday, September 6 with “Hold” rating. The firm earned “Overweight” rating on Tuesday, October 13 by KeyBanc Capital Markets. Wedbush downgraded the stock to “Neutral” rating in Thursday, May 12 report. The rating was maintained by Wedbush with “Outperform” on Monday, August 31. On Tuesday, December 29 the stock rating was maintained by Wedbush with “Outperform”. JP Morgan downgraded the shares of MTX in report on Friday, December 2 to “Neutral” rating. See Minerals Technologies Inc. (NYSE:MTX) latest ratings:

The stock increased 0.21% or $0.15 during the last trading session, reaching $72.55. About 234,414 shares traded or 93.62% up from the average. Minerals Technologies Inc. (NYSE:MTX) has declined 11.28% since May 18, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company has market cap of $2.57 billion. The companyÂ’s Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. It has a 13.24 P/E ratio. This segmentÂ’s products are used in paper, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries.

More news for Minerals Technologies Inc. (NYSE:MTX) were recently published by: Globenewswire.com, which released: “Minerals Technologies Completes Acquisition of Sivomatic Holding BV” on May 01, 2018. Seekingalpha.com‘s article titled: “Minerals Technologies’ (MTX) CEO Douglas Dietrich on Q1 2018 Results – Earnings Call Transcript” and published on May 06, 2018 is yet another important article.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.20, from 1.24 in 2017Q3. It improved, as 11 investors sold Minerals Technologies Inc. shares while 67 reduced holdings. 32 funds opened positions while 80 raised stakes. 32.61 million shares or 0.66% less from 32.83 million shares in 2017Q3 were reported. Royal Fincl Bank Of Canada holds 11,428 shares. Pacad Investment Ltd has invested 0.04% in Minerals Technologies Inc. (NYSE:MTX). Silvercrest Asset Mgmt Grp Limited Company has 1.27 million shares for 0.81% of their portfolio. Hutchin Hill Capital Ltd Partnership holds 0.1% or 5,300 shares in its portfolio. Manufacturers Life Insurance The has invested 0.01% in Minerals Technologies Inc. (NYSE:MTX). Bnp Paribas Arbitrage holds 0.01% or 49,842 shares. Bluecrest Cap Mgmt reported 8,072 shares. Bank & Trust Of America De has 0% invested in Minerals Technologies Inc. (NYSE:MTX). 3,000 were accumulated by Schulhoff And. Laurion Mgmt Limited Partnership reported 14,263 shares. Brant Point Limited Liability Company has invested 0.33% in Minerals Technologies Inc. (NYSE:MTX). Gabelli Funds Limited Liability Corp invested in 102,000 shares or 0.04% of the stock. Victory has 3,765 shares for 0% of their portfolio. Voya Mgmt Ltd has invested 0.11% in Minerals Technologies Inc. (NYSE:MTX). Geode Capital Management Ltd Llc reported 321,857 shares.

Since February 7, 2018, it had 1 insider buy, and 0 sales for $55,488 activity. $55,488 worth of Minerals Technologies Inc. (NYSE:MTX) was bought by Breunig Joseph C. on Wednesday, February 7.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 EPS, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.10 P/E if the $1.12 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It increased, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Blume Mgmt holds 4.07% or 131,179 shares in its portfolio. Westport Asset Mngmt holds 1,000 shares or 0.04% of its portfolio. Badgley Phelps & Bell holds 0.56% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 135,003 shares. Cornerstone Cap Limited invested 0.64% in Wells Fargo & Company (NYSE:WFC). Argent Capital Mngmt Ltd Limited Liability Company reported 0.89% of its portfolio in Wells Fargo & Company (NYSE:WFC). Ci owns 3.94% invested in Wells Fargo & Company (NYSE:WFC) for 6.80 million shares. 14,843 were reported by Jnba Advsrs. 29,882 were reported by Carlson Mgmt. 28,546 are owned by Webster Bancorporation N A. Palladium Prtnrs Ltd Liability Co accumulated 363,617 shares. Pointstate Ltd Partnership invested in 7.57M shares or 4.46% of the stock. Kamunting Street Mgmt Limited Partnership has 15,000 shares. Schwab Charles Investment Incorporated has invested 0.76% in Wells Fargo & Company (NYSE:WFC). Tdam Usa has 1.13% invested in Wells Fargo & Company (NYSE:WFC) for 326,661 shares. 15,525 were reported by Colony Gp Lc.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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