Highfields Capital Management LP Has Lowered Its Cenovus Energy (Call) (CVE) Stake; Last Week RPX (RPXC) Analysts

November 15, 2017 - By Marie Mckinney

Among 3 analysts covering RPX Corporation (NASDAQ:RPXC), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. RPX Corporation had 11 analyst reports since August 20, 2015 according to SRatingsIntel. Robert W. Baird downgraded it to “Neutral” rating and $14 target in Wednesday, December 16 report. Robert W. Baird maintained RPX Corp (NASDAQ:RPXC) on Monday, October 30 with “Buy” rating. Barclays Capital maintained it with “Underweight” rating and $13 target in Tuesday, October 31 report. The stock of RPX Corp (NASDAQ:RPXC) has “Market Perform” rating given on Monday, February 6 by Cowen & Co. Barclays Capital downgraded RPX Corp (NASDAQ:RPXC) rating on Thursday, August 20. Barclays Capital has “Underweight” rating and $15 target. On Friday, February 17 the stock rating was upgraded by Robert W. Baird to “Outperform”. The company was maintained on Wednesday, February 15 by Cowen & Co. The stock of RPX Corp (NASDAQ:RPXC) earned “Outperform” rating by Cowen & Co on Friday, November 4. See RPX Corp (NASDAQ:RPXC) latest ratings:

30/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $15.0 Maintain
31/10/2017 Broker: Barclays Capital Rating: Underweight Old Target: $12 New Target: $13 Maintain
25/05/2017 Broker: Barclays Capital Rating: Sell New Target: $12.0000

Highfields Capital Management Lp decreased Cenovus Energy Inc (Call) (CVE) stake by 82.4% reported in 2017Q2 SEC filing. Highfields Capital Management Lp sold 14.04 million shares as Cenovus Energy Inc (Call) (CVE)’s stock declined 29.14%. The Highfields Capital Management Lp holds 3.00M shares with $22.11M value, down from 17.04M last quarter. Cenovus Energy Inc (Call) now has $12.79B valuation. The stock declined 0.77% or $0.08 reaching $10.32 per share. About 1,086 shares traded. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since November 15, 2016 and is downtrending. It has underperformed by 50.71% the S&P500.

Analysts await Cenovus Energy Inc (USA) (NYSE:CVE) to report earnings on February, 15. They expect $0.09 earnings per share, down 68.97% or $0.20 from last year’s $0.29 per share. CVE’s profit will be $111.54 million for 28.67 P/E if the $0.09 EPS becomes a reality. After $0.18 actual earnings per share reported by Cenovus Energy Inc (USA) for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Among 16 analysts covering Cenovus Energy Inc (NYSE:CVE), 7 have Buy rating, 2 Sell and 7 Hold. Therefore 44% are positive. Cenovus Energy Inc has $27 highest and $1100 lowest target. $21.50’s average target is 108.33% above currents $10.32 stock price. Cenovus Energy Inc had 25 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley on Wednesday, July 19 to “Hold”. The rating was maintained by Morgan Stanley on Friday, October 13 with “Overweight”. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned “Outperform” rating by Credit Suisse on Friday, May 26. The company was maintained on Thursday, June 22 by Goldman Sachs. As per Tuesday, January 26, the company rating was upgraded by Goldman Sachs. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) has “Neutral” rating given on Tuesday, January 26 by UBS. Macquarie Research upgraded the stock to “Neutral” rating in Thursday, March 30 report. The firm earned “Buy” rating on Wednesday, June 21 by Canaccord Genuity. The company was downgraded on Tuesday, January 24 by Macquarie Research. The rating was upgraded by Nomura to “Neutral” on Thursday, January 21.

Highfields Capital Management Lp increased Fedex Corp (NYSE:FDX) stake by 3.03 million shares to 3.03M valued at $659.16M in 2017Q2. It also upped Michaels Cos Inc (NASDAQ:MIK) stake by 3.55M shares and now owns 17.71 million shares. Time Warner Inc (NYSE:TWX) was raised too.

It closed at $12.57 lastly. It is down 55.41% since November 15, 2016 and is uptrending. It has outperformed by 38.71% the S&P500.

Investors sentiment decreased to 1.29 in Q2 2017. Its down 0.05, from 1.34 in 2017Q1. It dived, as 12 investors sold RPX Corp shares while 43 reduced holdings. 30 funds opened positions while 41 raised stakes. 41.96 million shares or 2.01% more from 41.13 million shares in 2017Q1 were reported. Pacific Ridge Prtn Limited Liability accumulated 77,140 shares or 0.32% of the stock. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in RPX Corp (NASDAQ:RPXC). Geode Capital Management Limited Liability Company reported 0% stake. Ahl Ptnrs Ltd Liability Partnership stated it has 0% of its portfolio in RPX Corp (NASDAQ:RPXC). Vanguard Gp owns 4.07M shares or 0% of their US portfolio. Oakworth Incorporated holds 0% or 707 shares in its portfolio. Loomis Sayles And Lp reported 503 shares stake. Rhumbline Advisers holds 0% or 54,758 shares. Massachusetts-based Panagora Asset has invested 0% in RPX Corp (NASDAQ:RPXC). Bankshares Of Montreal Can invested 0% of its portfolio in RPX Corp (NASDAQ:RPXC). 683 Cap Management Ltd owns 365,411 shares for 0.75% of their portfolio. Tfs Ltd Liability Corp accumulated 68,421 shares. 2.26M were reported by Numeric Lc. Voya Mgmt Lc has invested 0% of its portfolio in RPX Corp (NASDAQ:RPXC). Pillar Pacific Lc invested in 10,500 shares or 0.02% of the stock.

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By1 Marie Mckinney

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