Neuberger Berman Group Has Cut Its Weatherford International Plc (WFT) Position; Scheer Rowlett & Associates Investment Management LTD Has Boosted Enbridge (ENB) Position

April 17, 2018 - By Darrin Black

Weatherford International plc (NYSE:WFT) Logo

Scheer Rowlett & Associates Investment Management Ltd increased Enbridge Inc. (ENB) stake by 113.71% reported in 2017Q4 SEC filing. Scheer Rowlett & Associates Investment Management Ltd acquired 532,861 shares as Enbridge Inc. (ENB)’s stock declined 21.20%. The Scheer Rowlett & Associates Investment Management Ltd holds 1.00 million shares with $39.29M value, up from 468,621 last quarter. Enbridge Inc. now has $54.54 billion valuation. The stock increased 2.11% or $0.689 during the last trading session, reaching $33.279. About 1.77M shares traded. Enbridge Inc. (NYSE:ENB) has declined 26.13% since April 17, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Neuberger Berman Group Llc decreased Weatherford International Plc (WFT) stake by 71.73% reported in 2017Q4 SEC filing. Neuberger Berman Group Llc sold 222,748 shares as Weatherford International Plc (WFT)’s stock declined 40.15%. The Neuberger Berman Group Llc holds 87,809 shares with $366,000 value, down from 310,557 last quarter. Weatherford International Plc now has $2.59B valuation. The stock decreased 1.70% or $0.05 during the last trading session, reaching $2.61. About 7.77M shares traded. Weatherford International plc (NYSE:WFT) has declined 63.21% since April 17, 2017 and is downtrending. It has underperformed by 74.76% the S&P500.

Among 35 analysts covering Weatherford International Ltd. (NYSE:WFT), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Weatherford International Ltd. had 118 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, June 6 by Barclays Capital. Citigroup downgraded Weatherford International plc (NYSE:WFT) on Monday, November 6 to “Hold” rating. Seaport Global upgraded the stock to “Buy” rating in Friday, May 6 report. The stock of Weatherford International plc (NYSE:WFT) has “Hold” rating given on Tuesday, June 6 by Jefferies. Wells Fargo upgraded Weatherford International plc (NYSE:WFT) on Monday, January 11 to “Outperform” rating. As per Friday, June 3, the company rating was upgraded by Piper Jaffray. The stock of Weatherford International plc (NYSE:WFT) earned “Outperform” rating by Oppenheimer on Monday, October 26. The rating was maintained by Jefferies on Thursday, November 2 with “Hold”. As per Tuesday, September 5, the company rating was maintained by BMO Capital Markets. The firm earned “Outperform” rating on Friday, November 3 by Bernstein.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.16, from 0.95 in 2017Q3. It worsened, as 66 investors sold WFT shares while 97 reduced holdings. 51 funds opened positions while 77 raised stakes. 1.08 billion shares or 2.62% less from 1.10 billion shares in 2017Q3 were reported. Cambrian Capital Lp stated it has 307,100 shares or 1.56% of all its holdings. Schneider Capital Mgmt Corp owns 4.74% invested in Weatherford International plc (NYSE:WFT) for 5.19 million shares. Bnp Paribas Arbitrage reported 0% of its portfolio in Weatherford International plc (NYSE:WFT). First Mercantile has 36,400 shares. Schwab Charles Invest Mngmt reported 0.01% of its portfolio in Weatherford International plc (NYSE:WFT). Amalgamated Natl Bank holds 169,532 shares. Gamco Invsts Inc Et Al accumulated 0.25% or 9.47 million shares. 84,952 were accumulated by Freestone Capital Ltd Llc. Raymond James Financial Serv Advsr reported 129,692 shares or 0% of all its holdings. 1.43 million were reported by Ubs Asset Mngmt Americas Inc. Dekabank Deutsche Girozentrale reported 119,105 shares stake. Yorktown & Research Company holds 240,000 shares or 0.29% of its portfolio. Montag A & Assoc has 13,500 shares. Bkd Wealth Advsr Ltd Company has invested 0.01% in Weatherford International plc (NYSE:WFT). Walleye Trading Ltd Co reported 0.01% of its portfolio in Weatherford International plc (NYSE:WFT).

Neuberger Berman Group Llc increased Humana Inc (NYSE:HUM) stake by 2,271 shares to 5,501 valued at $1.37M in 2017Q4. It also upped Darling Ingredients Inc (NYSE:DAR) stake by 32,471 shares and now owns 235,164 shares. Vectren Corp (NYSE:VVC) was raised too.

Analysts await Weatherford International plc (NYSE:WFT) to report earnings on April, 24 before the open. They expect $-0.21 EPS, up 34.38% or $0.11 from last year’s $-0.32 per share. After $-0.33 actual EPS reported by Weatherford International plc for the previous quarter, Wall Street now forecasts -36.36% EPS growth.

Among 16 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 10 Hold. Therefore 38% are positive. Enbridge Inc. had 25 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, October 23, the company rating was initiated by BMO Capital Markets. The firm has “Equal-Weight” rating given on Friday, November 17 by Morgan Stanley. The firm earned “Buy” rating on Monday, March 7 by Canaccord Genuity. As per Thursday, September 1, the company rating was initiated by Bank of America. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, March 14 report. The firm has “Outperform” rating given on Friday, October 9 by RBC Capital Markets. As per Friday, March 23, the company rating was maintained by Morgan Stanley. The firm earned “Market Perform” rating on Monday, April 3 by Wells Fargo. As per Wednesday, January 18, the company rating was reinitiated by Citigroup. BMO Capital Markets reinitiated Enbridge Inc. (NYSE:ENB) on Wednesday, March 2 with “Outperform” rating.

Scheer Rowlett & Associates Investment Management Ltd decreased Suncor Energy Inc. (NYSE:SU) stake by 245,152 shares to 2.13M valued at $78.53M in 2017Q4. It also reduced Gildan Activewear Class A (NYSE:GIL) stake by 605,062 shares and now owns 787,266 shares. Cameco Corp. (NYSE:CCJ) was reduced too.

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