Hotchkis & Wiley Capital Management Has Upped By $8.27 Million Its Goodyear Tire & Rubr Co (GT) Stake; Mid-con Energy Partners LP (MCEP)’s Sentiment Is 1.44

August 7, 2017 - By Marguerite Chambers

Hotchkis & Wiley Capital Management Llc increased Goodyear Tire & Rubr Co (GT) stake by 7.58% reported in 2016Q4 SEC filing. Hotchkis & Wiley Capital Management Llc acquired 275,500 shares as Goodyear Tire & Rubr Co (GT)’s stock declined 12.03%. The Hotchkis & Wiley Capital Management Llc holds 3.91M shares with $120.70M value, up from 3.63M last quarter. Goodyear Tire & Rubr Co now has $7.94B valuation. The stock rose 1.06% or $0.33 reaching $31.53 per share. About 1.43 million shares traded. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since August 7, 2016 and is uptrending. It has outperformed by 0.56% the S&P500.

Mid-Con Energy Partners, LP is engaged in the ownership, acquisition, exploitation and development of producing oil and natural gas properties in North America, with a focus on enhanced oil recovery . The company has market cap of $32.34 million. The Company’s properties are located in the Mid-Continent and Permian Basin regions of the United States in over five areas: Southern Oklahoma; Northeastern Oklahoma; parts of Oklahoma, Colorado and Texas within the Hugoton; Texas Gulf Coast, and Texas within the Eastern Shelf of the Permian. It currently has negative earnings. The Firm operates approximately 100% of its properties, as calculated on a barrel of oil equivalent (Boe) basis, through its affiliate, Mid-Con Energy Operating, LLC (Mid-Con Energy Operating).

Among 10 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Goodyear Tire had 20 analyst reports since October 28, 2015 according to SRatingsIntel. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) earned “Buy” rating by CLSA on Wednesday, June 21. Standpoint Research upgraded it to “Buy” rating and $34 target in Thursday, January 14 report. Jefferies maintained the stock with “Buy” rating in Friday, July 28 report. The company was maintained on Friday, July 28 by Morgan Stanley. The rating was upgraded by Jefferies to “Buy” on Tuesday, June 20. Argus Research maintained the shares of GT in report on Tuesday, November 10 with “Buy” rating. The firm has “Neutral” rating by Goldman Sachs given on Thursday, March 30. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has “Hold” rating given on Wednesday, March 1 by Standpoint Research. Standpoint Research downgraded Goodyear Tire & Rubber Co (NASDAQ:GT) on Wednesday, October 28 to “Hold” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, June 1.

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.15, from 0.73 in 2016Q3. It is positive, as 53 investors sold GT shares while 163 reduced holdings. 53 funds opened positions while 136 raised stakes. 230.74 million shares or 2.50% less from 236.64 million shares in 2016Q3 were reported. Commonwealth Equity Svcs holds 0.02% or 72,354 shares. Howe Rusling owns 257 shares or 0% of their US portfolio. Hsbc Public Ltd Com reported 314,479 shares stake. Pictet Asset Management reported 137,241 shares. Texas-based Bbva Compass State Bank Inc has invested 0.17% in Goodyear Tire & Rubber Co (NASDAQ:GT). Verition Fund Mgmt Lc, a Connecticut-based fund reported 8,103 shares. Teacher Retirement System Of Texas has 866,496 shares for 0.19% of their portfolio. Regions Fincl has invested 0% in Goodyear Tire & Rubber Co (NASDAQ:GT). Alyeska Invest Group Inc Lp reported 3.57 million shares. Wilen Mngmt holds 442,607 shares. Fiduciary Tru has invested 0.01% in Goodyear Tire & Rubber Co (NASDAQ:GT). Daiwa Securities Group holds 0% in Goodyear Tire & Rubber Co (NASDAQ:GT) or 7,300 shares. Towle And owns 875,333 shares for 3.62% of their portfolio. Prudential Finance Inc has 0.04% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 845,698 shares. Voya Inv Mgmt Ltd Liability Corporation stated it has 150,678 shares or 0.01% of all its holdings.

Since February 14, 2017, it had 0 buys, and 5 selling transactions for $1.73 million activity. 4,721 shares were sold by NOECHEL RICHARD J, worth $174,137. BIALOSKY DAVID L sold 25,000 shares worth $891,985. The insider McClellan Stephen R sold 6,250 shares worth $220,566.

Hotchkis & Wiley Capital Management Llc decreased Bank Amer Corp (NYSE:BAC) stake by 20.63M shares to 35.09M valued at $775.40M in 2016Q4. It also reduced Parker Hannifin Corp (NYSE:PH) stake by 247,700 shares and now owns 1.92 million shares. Navistar Intl Corp New (NYSE:NAV) was reduced too.