Shikiar Asset Management Lowered Its Rio Tinto Plc (RIO) Position; Glg Decreased Energen (EGN) Stake

February 23, 2018 - By Hugh Holland

Shikiar Asset Management Inc decreased Rio Tinto Plc (RIO) stake by 55.29% reported in 2017Q3 SEC filing. Shikiar Asset Management Inc sold 8,750 shares as Rio Tinto Plc (RIO)’s stock declined 9.05%. The Shikiar Asset Management Inc holds 7,075 shares with $334,000 value, down from 15,825 last quarter. Rio Tinto Plc now has $99.16 billion valuation. The stock increased 1.14% or $0.64 during the last trading session, reaching $56.61. About 2.32M shares traded. Rio Tinto plc (NYSE:RIO) has risen 43.73% since February 23, 2017 and is uptrending. It has outperformed by 27.03% the S&P500.

Glg Llc decreased Energen Corp (EGN) stake by 15.33% reported in 2017Q3 SEC filing. Glg Llc sold 24,062 shares as Energen Corp (EGN)’s stock rose 5.63%. The Glg Llc holds 132,938 shares with $7.27M value, down from 157,000 last quarter. Energen Corp now has $5.28 billion valuation. The stock increased 3.45% or $1.81 during the last trading session, reaching $54.3. About 1.41M shares traded or 52.18% up from the average. Energen Corporation (NYSE:EGN) has risen 35.21% since February 23, 2017 and is uptrending. It has outperformed by 18.51% the S&P500.

Among 38 analysts covering Energen Corporation (NYSE:EGN), 27 have Buy rating, 2 Sell and 9 Hold. Therefore 71% are positive. Energen Corporation had 119 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Energen Corporation (NYSE:EGN) rating on Thursday, July 20. RBC Capital Markets has “Hold” rating and $5500 target. Deutsche Bank maintained Energen Corporation (NYSE:EGN) rating on Wednesday, December 9. Deutsche Bank has “Buy” rating and $70 target. BMO Capital Markets maintained the shares of EGN in report on Wednesday, June 21 with “Hold” rating. The firm earned “Equal-Weight” rating on Tuesday, August 16 by Barclays Capital. The rating was downgraded by JP Morgan to “Underweight” on Friday, December 15. The stock of Energen Corporation (NYSE:EGN) earned “Hold” rating by BMO Capital Markets on Friday, November 10. The rating was initiated by Credit Suisse on Friday, April 1 with “Outperform”. Susquehanna upgraded Energen Corporation (NYSE:EGN) on Wednesday, May 11 to “Positive” rating. Stifel Nicolaus maintained it with “Buy” rating and $79.0 target in Friday, September 1 report. Credit Suisse initiated the stock with “Hold” rating in Monday, December 11 report.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.19, from 1.21 in 2017Q2. It worsened, as 34 investors sold EGN shares while 86 reduced holdings. 41 funds opened positions while 81 raised stakes. 89.38 million shares or 7.87% less from 97.02 million shares in 2017Q2 were reported. Oakworth Cap Inc reported 17,017 shares. Caxton Assocs Ltd Partnership reported 0.44% of its portfolio in Energen Corporation (NYSE:EGN). 1.28 million are held by Franklin Res. Moreover, Swiss Bancshares has 0.01% invested in Energen Corporation (NYSE:EGN) for 161,900 shares. 415,180 are owned by Principal Finance. Cipher Cap Ltd Partnership holds 0.29% of its portfolio in Energen Corporation (NYSE:EGN) for 71,121 shares. Teachers Retirement Of The State Of Kentucky reported 0.01% in Energen Corporation (NYSE:EGN). Nomura has 61,847 shares for 0.01% of their portfolio. Utah Retirement Systems accumulated 17,822 shares. Financial Bank Of America Corporation De has 580,954 shares for 0.01% of their portfolio. 44,447 are owned by Ameritas Invest Partners. Tower Research Cap Limited Liability Co (Trc) has invested 0% in Energen Corporation (NYSE:EGN). Walleye Trading Lc, Minnesota-based fund reported 91,754 shares. Vanguard Group accumulated 8.13 million shares or 0.02% of the stock. Cubist Systematic Strategies accumulated 0.04% or 12,202 shares.

Glg Llc increased Biogen Inc (NASDAQ:BIIB) stake by 7,107 shares to 36,128 valued at $11.31M in 2017Q3. It also upped Rockwell Automation Inc (NYSE:ROK) stake by 15,429 shares and now owns 49,159 shares. Citizens Finl Group Inc (NYSE:CFG) was raised too.

Among 21 analysts covering Rio Tinto (NYSE:RIO), 11 have Buy rating, 3 Sell and 7 Hold. Therefore 52% are positive. Rio Tinto had 50 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Argus Research given on Thursday, December 1. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, October 29 report. CLSA downgraded Rio Tinto plc (NYSE:RIO) on Thursday, April 14 to “Underperform” rating. The stock of Rio Tinto plc (NYSE:RIO) has “Hold” rating given on Tuesday, October 17 by Citigroup. Cowen & Co maintained the stock with “Hold” rating in Thursday, July 13 report. On Thursday, August 31 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Tuesday, June 20 by Jefferies. Bank of America upgraded the stock to “Buy” rating in Friday, June 30 report. The firm earned “Hold” rating on Monday, October 23 by RBC Capital Markets. The stock has “Buy” rating by CLSA on Friday, April 7.

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