Frontfour Capital Group Continues to Hold Holding in Cabot (CBT); Evanson Asset Management Has Decreased Enterprise Prods Partners L (EPD) Stake as Share Value Declined

May 26, 2018 - By whatsonthorold

Enterprise Products Partners L.P. (NYSE:EPD) Logo

Evanson Asset Management Llc decreased its stake in Enterprise Prods Partners L (EPD) by 16.64% based on its latest 2017Q4 regulatory filing with the SEC. Evanson Asset Management Llc sold 18,248 shares as the company’s stock declined 8.22% with the market. The institutional investor held 91,400 shares of the natural gas distribution company at the end of 2017Q4, valued at $2.42M, down from 109,648 at the end of the previous reported quarter. Evanson Asset Management Llc who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $60.55B market cap company. The stock decreased 0.39% or $0.11 during the last trading session, reaching $27.87. About 4.20 million shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 10.03% since May 26, 2017 and is downtrending. It has underperformed by 21.58% the S&P500.

Frontfour Capital Group Llc increased its stake in Cabot Corp (CBT) by 139.14% based on its latest 2017Q4 regulatory filing with the SEC. Frontfour Capital Group Llc bought 20,546 shares as the company’s stock declined 11.84% with the market. The hedge fund held 35,312 shares of the major chemicals company at the end of 2017Q4, valued at $2.18 million, up from 14,766 at the end of the previous reported quarter. Frontfour Capital Group Llc who had been investing in Cabot Corp for a number of months, seems to be bullish on the $3.63 billion market cap company. The stock increased 0.14% or $0.08 during the last trading session, reaching $58.78. About 490,031 shares traded. Cabot Corporation (NYSE:CBT) has declined 5.91% since May 26, 2017 and is downtrending. It has underperformed by 17.46% the S&P500.

Evanson Asset Management Llc, which manages about $3.18 billion and $493.05M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 6,696 shares to 479,418 shares, valued at $84.60M in 2017Q4, according to the filing. It also increased its holding in Wal (NYSE:WMT) by 3,297 shares in the quarter, for a total of 6,186 shares, and has risen its stake in Ishares Tr (SCZ).

Since March 7, 2018, it had 2 insider buys, and 0 insider sales for $1.10 million activity.

Among 27 analysts covering Enterprise Products Partners LP (NYSE:EPD), 27 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enterprise Products Partners LP had 60 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, August 18. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, June 15. The company was maintained on Thursday, October 12 by BMO Capital Markets. The company was maintained on Wednesday, August 31 by Wunderlich. JonesTrading initiated the stock with “Buy” rating in Wednesday, April 25 report. The company was downgraded on Friday, April 29 by Seaport Global. The stock has “Outperform” rating by Bernstein on Wednesday, May 11. The firm has “Overweight” rating given on Friday, April 1 by Piper Jaffray. On Thursday, March 8 the stock rating was maintained by Seaport Global with “Buy”. On Tuesday, January 31 the stock rating was maintained by Barclays Capital with “Overweight”.

More recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Seekingalpha.com which released: “This Dividend Achiever With A 6.4% Yield Just Posted Record Earnings, Stellar Growth Ahead” on May 15, 2018. Also Seekingalpha.com published the news titled: “Way To Go, Enterprise Products Partners” on May 02, 2018. Bizjournals.com‘s news article titled: “Apache, Enterprise Products team up on upcoming pipeline” with publication date: May 24, 2018 was also an interesting one.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on August, 2. They expect $0.38 EPS, up 26.67% or $0.08 from last year’s $0.3 per share. EPD’s profit will be $825.60 million for 18.34 P/E if the $0.38 EPS becomes a reality. After $0.39 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.15, from 1 in 2017Q3. It is negative, as 60 investors sold EPD shares while 283 reduced holdings. 73 funds opened positions while 219 raised stakes. 750.14 million shares or 4.26% less from 783.53 million shares in 2017Q3 were reported. Citigroup Inc has 0.07% invested in Enterprise Products Partners L.P. (NYSE:EPD). Ptnrs Hldgs Ag stated it has 115,500 shares. Jennison Associates Lc holds 780,616 shares or 0.02% of its portfolio. Baldwin Brothers Ma has invested 1.59% in Enterprise Products Partners L.P. (NYSE:EPD). Parametric Portfolio Associate Ltd Llc stated it has 0.03% in Enterprise Products Partners L.P. (NYSE:EPD). Natl Asset Mgmt Incorporated accumulated 94,646 shares. Sandy Spring Comml Bank has invested 0.17% in Enterprise Products Partners L.P. (NYSE:EPD). Hightower Ltd Liability invested in 0.4% or 1.84 million shares. 575 are held by Family Cap. Tocqueville Asset Ltd Partnership stated it has 24,571 shares. Gofen And Glossberg Limited Il reported 0.08% stake. Homrich Berg has invested 0.26% in Enterprise Products Partners L.P. (NYSE:EPD). Dubuque Retail Bank & accumulated 1,175 shares. Parsons Capital Mngmt Ri invested 0.02% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Buffington Mohr Mcneal holds 0.1% or 10,240 shares in its portfolio.

Among 13 analysts covering Cabot (NYSE:CBT), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Cabot had 29 analyst reports since August 13, 2015 according to SRatingsIntel. As per Thursday, December 10, the company rating was initiated by BB&T Capital. The stock of Cabot Corporation (NYSE:CBT) has “Hold” rating given on Tuesday, April 17 by Robert W. Baird. The rating was maintained by Deutsche Bank on Thursday, August 13 with “Hold”. The firm earned “Hold” rating on Friday, August 12 by Deutsche Bank. The firm has “Buy” rating by Robert W. Baird given on Wednesday, May 9. Jefferies maintained Cabot Corporation (NYSE:CBT) rating on Monday, August 14. Jefferies has “Buy” rating and $68.0 target. SunTrust upgraded the stock to “Buy” rating in Tuesday, December 19 report. The firm has “Neutral” rating by SunTrust given on Tuesday, August 2. On Tuesday, August 15 the stock rating was upgraded by JP Morgan to “Overweight”. The rating was upgraded by J.P. Morgan on Tuesday, August 15 to “Buy”.

More notable recent Cabot Corporation (NYSE:CBT) news were published by: Newsok.com which released: “Cabot Corporation to Expand Global Carbon Black Capacity by over 300000 Metric Tons” on May 21, 2018, also Benzinga.com with their article: “Baird Upgrades Cabot Corp.: ‘We Believe Valuation Remains Attractive'” published on May 09, 2018, Newsok.com published: “Cabot Corporation Hosts Investor Day Today, May 24, 2018 in New York City” on May 24, 2018. More interesting news about Cabot Corporation (NYSE:CBT) were released by: Seekingalpha.com and their article: “Cabot’s (CBT) CEO Sean Keohane on Q2 2018 Results – Earnings Call Transcript” published on May 12, 2018 as well as Benzinga.com‘s news article titled: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” with publication date: May 23, 2018.

Frontfour Capital Group Llc, which manages about $447.90M and $370.25 million US Long portfolio, decreased its stake in Builders Firstsource Inc (NASDAQ:BLDR) by 232,488 shares to 328,435 shares, valued at $7.16M in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (Put) (IWM) by 413,800 shares in the quarter, leaving it with 196,100 shares, and cut its stake in Granite Real Estate Invt Tr.

Since May 14, 2018, it had 0 insider purchases, and 5 insider sales for $18.97 million activity. 10,000 Cabot Corporation (NYSE:CBT) shares with value of $612,300 were sold by von Gottberg Friedrich. 155,061 shares were sold by Prevost Patrick M., worth $9.53 million on Wednesday, May 16.

Cabot Corporation (NYSE:CBT) Institutional Positions Chart

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