Hess (HES) Stock Declined While Outfitter Advisors LTD Lowered Its Position by $308,200; Beutel Goodman & Co LTD Upped Its Lyondellbasell Indus (LYB) Position by $3.43 Million; Market Value Declined

February 15, 2018 - By Adrian Erickson

Outfitter Advisors Ltd decreased its stake in Hess Corp (HES) by 10.52% based on its latest 2017Q3 regulatory filing with the SEC. Outfitter Advisors Ltd sold 6,700 shares as the company’s stock declined 5.45% while stock markets rallied. The institutional investor held 56,989 shares of the integrated oil company at the end of 2017Q3, valued at $2.67M, down from 63,689 at the end of the previous reported quarter. Outfitter Advisors Ltd who had been investing in Hess Corp for a number of months, seems to be less bullish one the $14.10B market cap company. The stock decreased 2.18% or $0.99 during the last trading session, reaching $44.38. About 1.27M shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since February 15, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Beutel Goodman & Co Ltd increased its stake in Lyondellbasell Indus (LYB) by 2.74% based on its latest 2017Q3 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 43,448 shares as the company’s stock declined 12.71% while stock markets rallied. The institutional investor held 1.63M shares of the major chemicals company at the end of 2017Q3, valued at $128.78M, up from 1.58M at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Lyondellbasell Indus for a number of months, seems to be bullish on the $43.40 billion market cap company. The stock decreased 1.78% or $1.99 during the last trading session, reaching $110.01. About 1.18 million shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 0.33% since February 15, 2017 and is uptrending. It has underperformed by 16.37% the S&P500.

Among 24 analysts covering LyondellBasell (NYSE:LYB), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. LyondellBasell had 73 analyst reports since September 1, 2015 according to SRatingsIntel. The company was maintained on Sunday, July 30 by RBC Capital Markets. The firm has “Hold” rating given on Tuesday, October 3 by Cowen & Co. Susquehanna maintained LyondellBasell Industries N.V. (NYSE:LYB) on Friday, August 26 with “Positive” rating. On Monday, September 18 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of LyondellBasell Industries N.V. (NYSE:LYB) has “Hold” rating given on Wednesday, January 3 by Vertical Research. The rating was downgraded by Bank of America on Monday, May 8 to “Underperform”. The firm earned “Hold” rating on Tuesday, September 13 by Deutsche Bank. The firm earned “Overweight” rating on Monday, February 5 by Barclays Capital. Citigroup upgraded the stock to “Buy” rating in Monday, December 18 report. The rating was maintained by Jefferies on Friday, June 16 with “Hold”.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.12, from 0.96 in 2017Q2. It turned negative, as 52 investors sold LYB shares while 276 reduced holdings. 88 funds opened positions while 187 raised stakes. 287.42 million shares or 0.30% less from 288.30 million shares in 2017Q2 were reported. American Natl Tx stated it has 0.2% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Fmr invested 0.36% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Leuthold Gp Ltd Liability Corp invested 0.15% in LyondellBasell Industries N.V. (NYSE:LYB). Rampart Invest Commerce Limited Co reported 4,475 shares or 0.15% of all its holdings. Bnp Paribas Asset Holdg Sa holds 603,983 shares or 0.51% of its portfolio. Kepos Cap LP invested in 0.28% or 17,062 shares. Regentatlantic Capital reported 2,467 shares. Pinebridge Ltd Partnership reported 170,474 shares stake. Lipe And Dalton stated it has 33,335 shares or 2.32% of all its holdings. Kirr Marbach Ltd Liability Company In invested 4.15% in LyondellBasell Industries N.V. (NYSE:LYB). Private Advsr holds 1.89% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 55,810 shares. State Street Corporation has 0.12% invested in LyondellBasell Industries N.V. (NYSE:LYB). Moreover, Amica Mutual Insur has 0.14% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 16,012 shares. 7,126 were accumulated by E&G Advsrs Lp. Woodmont Invest Counsel Lc has invested 0.28% in LyondellBasell Industries N.V. (NYSE:LYB).

Beutel Goodman & Co Ltd, which manages about $36.47 billion and $13.17B US Long portfolio, decreased its stake in Franco Nevada Corp (NYSE:FNV) by 23,130 shares to 2.08 million shares, valued at $160.82 million in 2017Q3, according to the filing. It also reduced its holding in Royal Bank Cda (NYSE:RY) by 213,725 shares in the quarter, leaving it with 18.29M shares, and cut its stake in Molson Coors Canada.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, January 25 by JP Morgan. On Monday, September 25 the stock rating was maintained by Cowen & Co with “Hold”. As per Saturday, August 8, the company rating was downgraded by Zacks. The company was maintained on Friday, September 1 by BMO Capital Markets. Cowen & Co maintained Hess Corporation (NYSE:HES) on Tuesday, July 18 with “Hold” rating. Oppenheimer downgraded Hess Corporation (NYSE:HES) on Tuesday, November 17 to “Perform” rating. The firm earned “Outperform” rating on Tuesday, April 11 by Wolfe Research. J.P. Morgan downgraded the stock to “Hold” rating in Thursday, September 14 report. The stock has “Neutral” rating by Citigroup on Friday, July 21. As per Tuesday, February 6, the company rating was maintained by Piper Jaffray.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.12, from 1 in 2017Q2. It worsened, as 43 investors sold HES shares while 162 reduced holdings. 48 funds opened positions while 133 raised stakes. 254.48 million shares or 1.67% more from 250.30 million shares in 2017Q2 were reported. 24,321 are owned by M&T Commercial Bank. 12,923 were accumulated by Qcm Cayman. 248,870 were accumulated by Nikko Asset Americas. Invesco Limited reported 0.11% stake. Commonwealth Comml Bank Of invested 0.01% in Hess Corporation (NYSE:HES). North Star Inv Mgmt, a Illinois-based fund reported 200 shares. Jennison Ltd Company invested in 523,188 shares or 0.03% of the stock. Parametric Port Ltd Liability Company has invested 0.04% of its portfolio in Hess Corporation (NYSE:HES). Moreover, Virginia Retirement Systems Et Al has 0% invested in Hess Corporation (NYSE:HES) for 6,362 shares. 782,000 were reported by Factory Mutual Ins. Equitec Specialists Ltd Liability Company holds 14,934 shares or 0.11% of its portfolio. Bnp Paribas Asset Mngmt Hldgs Sa accumulated 1.68M shares or 0.67% of the stock. Mufg Americas Corp reported 131,117 shares. Fayez Sarofim & Co holds 33,004 shares or 0.01% of its portfolio. Cannell Peter B has 0.01% invested in Hess Corporation (NYSE:HES).

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