Oceaneering Intl (OII) Holder Sprucegrove Investment Management LTD Has Lifted Holding by $2.71 Million as Stock Declined; First Heartland Consultants Has Boosted Spectra Energy Partners LP (SEP) Position

April 21, 2018 - By Clifton Ray

Spectra Energy Partners, LP (NYSE:SEP) Logo

First Heartland Consultants Inc increased its stake in Spectra Energy Partners Lp (SEP) by 84.48% based on its latest 2017Q4 regulatory filing with the SEC. First Heartland Consultants Inc bought 17,495 shares as the company’s stock declined 21.17% with the market. The institutional investor held 38,205 shares of the public utilities company at the end of 2017Q4, valued at $1.51 million, up from 20,710 at the end of the previous reported quarter. First Heartland Consultants Inc who had been investing in Spectra Energy Partners Lp for a number of months, seems to be bullish on the $17.01 billion market cap company. The stock decreased 0.37% or $0.13 during the last trading session, reaching $34.62. About 287,664 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since April 21, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

Sprucegrove Investment Management Ltd increased its stake in Oceaneering Intl Inc (OII) by 17.74% based on its latest 2017Q4 regulatory filing with the SEC. Sprucegrove Investment Management Ltd bought 129,200 shares as the company’s stock declined 8.44% with the market. The institutional investor held 857,600 shares of the energy company at the end of 2017Q4, valued at $18.13 million, up from 728,400 at the end of the previous reported quarter. Sprucegrove Investment Management Ltd who had been investing in Oceaneering Intl Inc for a number of months, seems to be bullish on the $1.98B market cap company. The stock decreased 0.10% or $0.02 during the last trading session, reaching $20.08. About 654,809 shares traded. Oceaneering International, Inc. (NYSE:OII) has declined 24.59% since April 21, 2017 and is downtrending. It has underperformed by 36.14% the S&P500.

First Heartland Consultants Inc, which manages about $867.76 million and $332.38 million US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 2,607 shares to 8,543 shares, valued at $1.47M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Index Fds (VXF) by 10,744 shares in the quarter, leaving it with 2,528 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

Investors sentiment decreased to 0.82 in 2017 Q4. Its down 0.31, from 1.13 in 2017Q3. It turned negative, as 22 investors sold SEP shares while 74 reduced holdings. 24 funds opened positions while 55 raised stakes. 66.54 million shares or 6.90% more from 62.25 million shares in 2017Q3 were reported. Samson Limited Company has 6.44% invested in Spectra Energy Partners, LP (NYSE:SEP). Hsbc Public Ltd Company holds 0% or 86,350 shares. Valley Natl Advisers reported 0.02% stake. Center Coast Advsr Limited Partnership owns 5.27 million shares. Northwestern Mutual Wealth Management accumulated 4,856 shares. Envestnet Asset invested in 8,903 shares. California Employees Retirement System holds 0% in Spectra Energy Partners, LP (NYSE:SEP) or 74,597 shares. Conning reported 107,151 shares. Clearbridge Investments Llc invested in 825,465 shares. 229,329 were accumulated by Silvercrest Asset Mngmt Grp Incorporated Limited Company. Walnut Private Equity Prns Ltd Limited Liability Company invested in 0.27% or 7,928 shares. Capital Finance Advisers Lc holds 0% or 14,977 shares. Provise Mgmt Group Incorporated Limited Liability Corporation holds 0.12% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 20,610 shares. Regions Fin Corp stated it has 25,536 shares or 0.01% of all its holdings. Wells Fargo Mn holds 0% or 201,195 shares.

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 6 have Buy rating, 3 Sell and 13 Hold. Therefore 27% are positive. Spectra Energy Partners LP had 64 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 22 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, May 31 by Stifel Nicolaus. The company was reinitiated on Friday, June 23 by JP Morgan. JP Morgan downgraded the shares of SEP in report on Friday, April 13 to “Neutral” rating. The rating was maintained by Stifel Nicolaus on Thursday, October 19 with “Buy”. The stock has “Neutral” rating by Citigroup on Wednesday, January 18. Stifel Nicolaus maintained Spectra Energy Partners, LP (NYSE:SEP) rating on Monday, August 14. Stifel Nicolaus has “Buy” rating and $50.0 target. The stock has “Buy” rating by Jefferies on Thursday, June 22. The company was downgraded on Thursday, January 11 by Wells Fargo. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, April 9.

Since December 18, 2017, it had 0 insider buys, and 1 sale for $5,956 activity.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.41, from 1.29 in 2017Q3. It worsened, as 48 investors sold OII shares while 76 reduced holdings. 35 funds opened positions while 74 raised stakes. 95.10 million shares or 4.36% less from 99.43 million shares in 2017Q3 were reported. 75,921 are held by Raymond James And Assocs. Foundry Limited Com invested 0.02% in Oceaneering International, Inc. (NYSE:OII). Pub Employees Retirement Association Of Colorado has invested 0% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Hbk Invs Limited Partnership has 21,811 shares. Envestnet Asset Incorporated has 21,928 shares. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 471,000 shares. Comerica Comml Bank owns 86,317 shares. Meeder Asset Mngmt owns 748 shares or 0% of their US portfolio. Cwm Limited Com reported 15,768 shares stake. Pub Employees Retirement Of Ohio reported 0% in Oceaneering International, Inc. (NYSE:OII). Horizon Kinetics Ltd Liability Corp has invested 0.04% in Oceaneering International, Inc. (NYSE:OII). Liberty Mutual Gp Asset Management Inc invested in 24,946 shares. State Board Of Administration Of Florida Retirement Sys, Florida-based fund reported 149,408 shares. Moneta Gru Inv Advsrs Ltd Liability reported 80 shares. Royal National Bank Of Canada invested 0% of its portfolio in Oceaneering International, Inc. (NYSE:OII).

Sprucegrove Investment Management Ltd, which manages about $24.66 billion and $1.74 billion US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 27,600 shares to 301,600 shares, valued at $19.31M in 2017Q4, according to the filing. It also reduced its holding in Msc Indl Direct Inc (NYSE:MSM) by 10,500 shares in the quarter, leaving it with 102,400 shares, and cut its stake in Cullen Frost Bankers (NYSE:CFR).

Among 27 analysts covering Oceaneering International (NYSE:OII), 6 have Buy rating, 2 Sell and 19 Hold. Therefore 22% are positive. Oceaneering International had 77 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Monday, July 11 by Jefferies. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, May 20. The firm has “Underperform” rating given on Thursday, January 4 by Jefferies. The company was maintained on Sunday, October 29 by RBC Capital Markets. The firm has “Outperform” rating by Wells Fargo given on Monday, February 26. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Hold” rating by Piper Jaffray on Sunday, February 25. Cowen & Co maintained Oceaneering International, Inc. (NYSE:OII) on Thursday, January 11 with “Hold” rating. The firm has “Sell” rating by RBC Capital Markets given on Monday, April 24. The firm has “Hold” rating by Gabelli given on Friday, October 16. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Underweight” rating by JP Morgan on Tuesday, September 12.

Spectra Energy Partners, LP (NYSE:SEP) Institutional Positions Chart

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