Luminus Management Lifted By $3.39 Million Its Cliffs Nat Res (CLF) Stake; Montag A & Associates Has Cut Its Bp Amoco Plc (BP) Stake

December 11, 2017 - By Adrian Mccoy

Luminus Management Llc increased Cliffs Nat Res Inc (CLF) stake by 29.15% reported in 2017Q2 SEC filing. Luminus Management Llc acquired 564,300 shares as Cliffs Nat Res Inc (CLF)’s stock declined 43.52%. The Luminus Management Llc holds 2.50 million shares with $17.30 million value, up from 1.94M last quarter. Cliffs Nat Res Inc now has $1.90B valuation. The stock increased 4.57% or $0.28 during the last trading session, reaching $6.41. About 12.71M shares traded or 16.06% up from the average. Cleveland-Cliffs Inc. (NYSE:CLF) has risen 122.26% since December 11, 2016 and is uptrending. It has outperformed by 105.56% the S&P500.

Montag A & Associates Inc decreased Bp Amoco Plc (BP) stake by 31.26% reported in 2017Q2 SEC filing. Montag A & Associates Inc sold 23,167 shares as Bp Amoco Plc (BP)’s stock rose 10.53%. The Montag A & Associates Inc holds 50,943 shares with $1.77 million value, down from 74,110 last quarter. Bp Amoco Plc now has $127.45 billion valuation. The stock increased 0.84% or $0.33 during the last trading session, reaching $39.64. About 3.51M shares traded. BP p.l.c. (NYSE:BP) has risen 15.51% since December 11, 2016 and is uptrending. It has underperformed by 1.19% the S&P500.

Among 29 analysts covering BP (NYSE:BP), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 66% are positive. BP had 50 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was initiated by Macquarie Research on Wednesday, September 23 with “Neutral”. The company was initiated on Friday, March 18 by Nomura. The company was downgraded on Friday, June 30 by Bank of America. Howard Weil maintained it with “Sector Perform” rating and $40.0 target in Wednesday, October 28 report. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, July 29 report. Jefferies maintained the stock with “Hold” rating in Thursday, October 19 report. The stock of BP p.l.c. (NYSE:BP) has “Underperform” rating given on Friday, September 4 by Bank of America. As per Tuesday, November 3, the company rating was upgraded by Evercore. On Monday, January 30 the stock rating was upgraded by Societe Generale to “Buy”. On Wednesday, July 26 the stock rating was downgraded by Societe Generale to “Hold”.

Montag A & Associates Inc increased Amerisourcebergen Corp. (NYSE:ABC) stake by 43,683 shares to 84,853 valued at $8.02 million in 2017Q2. It also upped Sunopta Inc Com (NASDAQ:STKL) stake by 273,277 shares and now owns 580,648 shares. Berkshire Hathaway Inc Cl B (BRKB) was raised too.

Among 12 analysts covering Cliffs Natural Resources Inc (NYSE:CLF), 3 have Buy rating, 3 Sell and 6 Hold. Therefore 25% are positive. Cliffs Natural Resources Inc had 30 analyst reports since August 4, 2015 according to SRatingsIntel. Vetr downgraded Cleveland-Cliffs Inc. (NYSE:CLF) on Monday, August 31 to “Hold” rating. The firm has “Equal-Weight” rating given on Monday, November 14 by Morgan Stanley. FBR Capital maintained Cleveland-Cliffs Inc. (NYSE:CLF) on Monday, November 2 with “Mkt Perform” rating. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) has “Neutral” rating given on Friday, January 8 by Macquarie Research. JP Morgan upgraded it to “Overweight” rating and $7 target in Tuesday, May 31 report. As per Friday, March 11, the company rating was initiated by Credit Suisse. KeyBanc Capital Markets maintained the shares of CLF in report on Thursday, October 19 with “Hold” rating. Cowen & Co maintained Cleveland-Cliffs Inc. (NYSE:CLF) rating on Friday, April 29. Cowen & Co has “Market Perform” rating and $6 target. Wolfe Research initiated the stock with “Sell” rating in Thursday, August 27 report. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, October 13.

Investors sentiment decreased to 0.01 in 2017 Q2. Its down 1.10, from 1.11 in 2017Q1. It turned negative, as 57 investors sold CLF shares while 57 reduced holdings. 37 funds opened positions while 90 raised stakes. 168.80 million shares or 9.84% less from 187.23 million shares in 2017Q1 were reported. Century Capital Mngmt Ltd holds 69,443 shares or 0.08% of its portfolio. Commonwealth Equity Ser invested in 46,319 shares. State Of Wisconsin Invest Board invested in 0% or 10,000 shares. Cibc World Inc stated it has 28,900 shares or 0% of all its holdings. Deutsche Fincl Bank Ag owns 460,280 shares. Ing Groep Nv, Netherlands-based fund reported 22,000 shares. 59,500 were accumulated by Grantham Mayo Van Otterloo & Limited Liability Corp. Emerald Mutual Fund Advisers Tru reported 0.38% stake. The Arizona-based Tci Wealth Incorporated has invested 0% in Cleveland-Cliffs Inc. (NYSE:CLF). Comerica Bankshares invested in 0% or 15,493 shares. Montgomery Investment Mgmt invested 0.17% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF). Ifc Inc Fl has invested 0.01% in Cleveland-Cliffs Inc. (NYSE:CLF). Raymond James Fincl Advsrs accumulated 0.01% or 186,382 shares. Parametric Portfolio Associates Lc holds 1.30M shares or 0.01% of its portfolio. Moors & Cabot Inc has 0.02% invested in Cleveland-Cliffs Inc. (NYSE:CLF) for 18,495 shares.

Luminus Management Llc decreased Hawaiian Elec Industries (NYSE:HE) stake by 50,000 shares to 150,000 valued at $4.86 million in 2017Q2. It also reduced Ishares Tr (IWM) stake by 36,200 shares and now owns 39,700 shares. Methanex Corp (NASDAQ:MEOH) was reduced too.

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