Tortoise Capital Advisors Maintains Position in Range Res (RRC); Arcelormittal Sa Luxembourg (Put) (MT) Holder Pomelo Capital Has Decreased Stake by $21.35 Million

December 16, 2017 - By Marie Mckinney

Philip Rosenstrach decreased its stake in Arcelormittal Sa Luxembourg (Put) (MT) by 67% based on its latest 2017Q2 regulatory filing with the SEC. Pomelo Capital Llc sold 970,495 shares as the company’s stock declined 17.23% while stock markets rallied. The hedge fund run by Philip Rosenstrach held 478,005 shares of the steel and iron ore company at the end of 2017Q2, valued at $10.87M, down from 1.45 million at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Arcelormittal Sa Luxembourg (Put) for a number of months, seems to be less bullish one the $31.87B market cap company. The stock decreased 1.60% or $0.51 during the last trading session, reaching $31.38. About 1.30M shares traded. ArcelorMittal (NYSE:MT) has risen 67.93% since December 16, 2016 and is uptrending. It has outperformed by 51.23% the S&P500.

Tortoise Capital Advisors Llc increased its stake in Range Res Corp (RRC) by 32.51% based on its latest 2017Q2 regulatory filing with the SEC. Tortoise Capital Advisors Llc bought 90,510 shares as the company’s stock declined 18.29% while stock markets rallied. The hedge fund held 368,941 shares of the oil & gas production company at the end of 2017Q2, valued at $8.55M, up from 278,431 at the end of the previous reported quarter. Tortoise Capital Advisors Llc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.82B market cap company. The stock decreased 2.25% or $0.36 during the last trading session, reaching $15.63. About 15.36 million shares traded or 140.16% up from the average. Range Resources Corporation (NYSE:RRC) has declined 36.05% since December 16, 2016 and is downtrending. It has underperformed by 52.75% the S&P500.

Tortoise Capital Advisors Llc, which manages about $15.07B and $15.43 billion US Long portfolio, decreased its stake in Hess Corp (NYSE:HES) by 60,000 shares to 7,413 shares, valued at $325,000 in 2017Q2, according to the filing. It also reduced its holding in Oneok Partners Lp (NYSE:OKS) by 1.34M shares in the quarter, leaving it with 13.58M shares, and cut its stake in Noble Energy Inc (NYSE:NBL).

Investors sentiment decreased to 1.35 in Q2 2017. Its down 0.01, from 1.36 in 2017Q1. It turned negative, as 59 investors sold RRC shares while 108 reduced holdings. 45 funds opened positions while 180 raised stakes. 230.61 million shares or 4.36% more from 220.97 million shares in 2017Q1 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% in Range Resources Corporation (NYSE:RRC). Commonwealth National Bank Of Australia reported 0% in Range Resources Corporation (NYSE:RRC). The Massachusetts-based Fmr Llc has invested 0% in Range Resources Corporation (NYSE:RRC). North Carolina-based Kingfisher Limited has invested 0.67% in Range Resources Corporation (NYSE:RRC). Exxonmobil Investment Mgmt Tx accumulated 36,128 shares. Oarsman has invested 1.37% in Range Resources Corporation (NYSE:RRC). Ironwood Fin Limited Liability Corp, Arizona-based fund reported 99 shares. State Of Tennessee Treasury Department stated it has 0.08% of its portfolio in Range Resources Corporation (NYSE:RRC). Utah Retirement holds 0.02% or 41,783 shares. 1.99 million are owned by Chevy Chase Trust Inc. Adams Natural Resources Fund reported 322,100 shares. 61,807 were accumulated by State Treasurer State Of Michigan. Scotia Inc invested in 29,783 shares. Dnb Asset Management As, a Norway-based fund reported 23,020 shares. Retirement Systems Of Alabama accumulated 91,236 shares.

Among 40 analysts covering Range Resources Corp. (NYSE:RRC), 26 have Buy rating, 1 Sell and 13 Hold. Therefore 65% are positive. Range Resources Corp. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained Range Resources Corporation (NYSE:RRC) on Thursday, October 26 with “Equal-Weight” rating. Piper Jaffray maintained the shares of RRC in report on Friday, April 28 with “Overweight” rating. The stock of Range Resources Corporation (NYSE:RRC) earned “Neutral” rating by Goldman Sachs on Friday, September 8. The stock of Range Resources Corporation (NYSE:RRC) earned “Overweight” rating by PiperJaffray on Monday, September 18. The stock of Range Resources Corporation (NYSE:RRC) earned “Underweight” rating by Barclays Capital on Thursday, August 3. Tudor Pickering downgraded the stock to “Hold” rating in Friday, April 15 report. Cowen & Co maintained the shares of RRC in report on Friday, November 3 with “Buy” rating. RBC Capital Markets maintained the shares of RRC in report on Thursday, July 30 with “Sector Perform” rating. Scotia Capital maintained it with “Buy” rating and $44 target in Monday, April 24 report. Barclays Capital maintained Range Resources Corporation (NYSE:RRC) rating on Monday, May 2. Barclays Capital has “Underweight” rating and $30 target.

Among 16 analysts covering Arcelormittal (NYSE:MT), 12 have Buy rating, 2 Sell and 2 Hold. Therefore 75% are positive. Arcelormittal had 50 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Friday, November 25 by RBC Capital Markets. Jefferies maintained the shares of MT in report on Tuesday, July 18 with “Buy” rating. The company was downgraded on Tuesday, November 8 by Bank of America. The firm has “Overweight” rating given on Friday, October 9 by JP Morgan. Macquarie Research upgraded the stock to “Outperform” rating in Friday, May 26 report. As per Tuesday, April 12, the company rating was upgraded by Goldman Sachs. The firm has “Neutral” rating by Citigroup given on Wednesday, December 2. The firm has “Market Perform” rating given on Friday, September 22 by Cowen & Co. The firm earned “Buy” rating on Friday, June 23 by Jefferies. The stock of ArcelorMittal (NYSE:MT) earned “Buy” rating by Citigroup on Monday, October 5.

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