Beach Investment Counsel Lifted Its Citigroup (C) Position by $899,280; Valuation Rose; As Fluor (FLR) Valuation Declined, Energy Opportunities Capital Management Has Upped Stake by $1.04 Million

January 18, 2018 - By Adrian Mccoy

Beach Investment Counsel Inc increased its stake in Citigroup (C) by 3.57% based on its latest 2017Q3 regulatory filing with the SEC. Beach Investment Counsel Inc bought 12,490 shares as the company’s stock rose 1.55% with the market. The hedge fund held 362,104 shares of the major banks company at the end of 2017Q3, valued at $26.34 million, up from 349,614 at the end of the previous reported quarter. Beach Investment Counsel Inc who had been investing in Citigroup for a number of months, seems to be bullish on the $204.25B market cap company. The stock decreased 0.28% or $0.22 during the last trading session, reaching $77.25. About 12.23 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since January 18, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Energy Opportunities Capital Management Llc increased its stake in Fluor Corp (FLR) by 83.52% based on its latest 2017Q3 regulatory filing with the SEC. Energy Opportunities Capital Management Llc bought 24,649 shares as the company’s stock declined 18.75% while stock markets rallied. The institutional investor held 54,160 shares of the military and government and technical company at the end of 2017Q3, valued at $2.28 million, up from 29,511 at the end of the previous reported quarter. Energy Opportunities Capital Management Llc who had been investing in Fluor Corp for a number of months, seems to be bullish on the $8.42 billion market cap company. The stock increased 3.49% or $2.03 during the last trading session, reaching $60.16. About 1.96M shares traded or 45.04% up from the average. Fluor Corporation (NYSE:FLR) has declined 7.15% since January 18, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Among 18 analysts covering Fluor Corporation (NYSE:FLR), 8 have Buy rating, 0 Sell and 10 Hold. Therefore 44% are positive. Fluor Corporation had 48 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, November 3 by UBS. The stock of Fluor Corporation (NYSE:FLR) earned “Hold” rating by Deutsche Bank on Friday, July 31. The stock of Fluor Corporation (NYSE:FLR) has “Buy” rating given on Thursday, October 8 by S&P Research. M Partners initiated the stock with “Neutral” rating in Wednesday, June 29 report. On Monday, August 7 the stock rating was downgraded by Johnson Rice to “Accumulate”. The company was maintained on Monday, July 31 by Canaccord Genuity. On Tuesday, September 5 the stock rating was maintained by Robert W. Baird with “Hold”. As per Friday, July 31, the company rating was maintained by FBR Capital. The firm has “Neutral” rating given on Friday, November 3 by Robert W. Baird. The stock of Fluor Corporation (NYSE:FLR) has “Market Perform” rating given on Friday, February 19 by FBR Capital.

Energy Opportunities Capital Management Llc, which manages about $585.78 million and $153.74 million US Long portfolio, decreased its stake in Forum Energy Technolog Com (NYSE:FET) by 47,775 shares to 232,463 shares, valued at $3.70M in 2017Q3, according to the filing. It also reduced its holding in Helix Energy Solu Grp Com (NYSE:HLX) by 50,769 shares in the quarter, leaving it with 329,402 shares, and cut its stake in Kbr Inc Com (NYSE:KBR).

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.32, from 1.13 in 2017Q2. It dropped, as 59 investors sold FLR shares while 144 reduced holdings. 35 funds opened positions while 129 raised stakes. 115.07 million shares or 1.01% less from 116.24 million shares in 2017Q2 were reported. Ubs Asset Americas Inc owns 855,043 shares. Chicago Equity Prtn Ltd Com reported 0.01% of its portfolio in Fluor Corporation (NYSE:FLR). The Australia-based Macquarie Group Ltd has invested 0% in Fluor Corporation (NYSE:FLR). State Of Wisconsin Inv Board has 196,883 shares. Whittier Tru Comm reported 0% in Fluor Corporation (NYSE:FLR). Polaris Greystone Gp Ltd Liability Company reported 5,676 shares stake. Contravisory Invest Mgmt Inc holds 0% of its portfolio in Fluor Corporation (NYSE:FLR) for 66 shares. Moreover, M&T Comml Bank has 0% invested in Fluor Corporation (NYSE:FLR). Fisher Asset Ltd reported 13,703 shares. Stonebridge Mngmt holds 63,248 shares or 1% of its portfolio. 25,566 are held by Aviance Management Limited. Argi Invest Services Lc reported 12,409 shares stake. Raymond James Financial Service Advisors Inc accumulated 18,713 shares. Wells Fargo & Comm Mn has invested 0.02% in Fluor Corporation (NYSE:FLR). Td Asset Incorporated has invested 0.02% in Fluor Corporation (NYSE:FLR).

Beach Investment Counsel Inc, which manages about $1.43 billion and $951.00M US Long portfolio, decreased its stake in Facebook (NASDAQ:FB) by 9,845 shares to 111,785 shares, valued at $19.10M in 2017Q3, according to the filing. It also reduced its holding in Walt Disney (NYSE:DIS) by 39,383 shares in the quarter, leaving it with 13,204 shares, and cut its stake in Enbridge Inc. (NYSE:ENB).

Among 39 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 3 Sell and 18 Hold. Therefore 46% are positive. Citigroup Inc. had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Vertical Group initiated the shares of C in report on Tuesday, September 5 with “Buy” rating. The stock of Citigroup Inc. (NYSE:C) has “Market Perform” rating given on Friday, October 13 by BMO Capital Markets. Deutsche Bank maintained Citigroup Inc. (NYSE:C) rating on Wednesday, August 12. Deutsche Bank has “Hold” rating and $60 target. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Buy”. Wells Fargo maintained Citigroup Inc. (NYSE:C) on Wednesday, January 17 with “Buy” rating. On Thursday, June 1 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Citigroup Inc. (NYSE:C) has “Market Perform” rating given on Monday, April 18 by Wood. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Wells Fargo on Wednesday, December 20. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Tuesday, January 5. Vetr upgraded Citigroup Inc. (NYSE:C) on Monday, August 24 to “Hold” rating.

Since August 4, 2017, it had 0 insider buys, and 2 selling transactions for $3.05 million activity. $344,870 worth of stock was sold by WALSH JEFFREY R on Friday, August 4.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It increased, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Moreover, Gardner Lewis Asset Mgmt Limited Partnership has 0.52% invested in Citigroup Inc. (NYSE:C). Heritage Investors Management reported 212,580 shares stake. Private Trust Na reported 9,482 shares. Signaturefd Ltd holds 0.08% or 8,299 shares in its portfolio. North Star Inv has invested 0.07% of its portfolio in Citigroup Inc. (NYSE:C). Covalent Partners Limited Company holds 1.5% of its portfolio in Citigroup Inc. (NYSE:C) for 30,311 shares. Patten Gru Inc has invested 0.08% in Citigroup Inc. (NYSE:C). Columbia Partners L L C Invest owns 0.29% invested in Citigroup Inc. (NYSE:C) for 30,122 shares. Wellington Shields Ltd Llc accumulated 9,150 shares. Raymond James Svcs Advisors stated it has 238,430 shares. Seabridge Inv Advsr Ltd Llc invested in 2.9% or 170,676 shares. Mariner Wealth Advsrs invested 0.07% in Citigroup Inc. (NYSE:C). Gmt Corporation accumulated 4.07% or 2.63M shares. Hanson Doremus Invest stated it has 8,707 shares or 0.22% of all its holdings. Poplar Forest Cap Limited Liability Company accumulated 843,741 shares.

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