Van Eck Associates Maintains Stake in Diamondback Energy (FANG); As Advance Auto Parts (AAP) Stock Value Declined, Richmond Hill Investments Has Lifted Its Holding

February 15, 2018 - By Maria Brooks

Van Eck Associates Corp increased its stake in Diamondback Energy Inc (FANG) by 2.01% based on its latest 2017Q3 regulatory filing with the SEC. Van Eck Associates Corp bought 33,582 shares as the company’s stock declined 4.19% while stock markets rallied. The institutional investor held 1.71M shares of the energy company at the end of 2017Q3, valued at $167.14M, up from 1.67 million at the end of the previous reported quarter. Van Eck Associates Corp who had been investing in Diamondback Energy Inc for a number of months, seems to be bullish on the $12.15 billion market cap company. The stock increased 0.72% or $0.88 during the last trading session, reaching $123.71. About 1.62M shares traded or 34.39% up from the average. Diamondback Energy, Inc. (NASDAQ:FANG) has risen 18.62% since February 15, 2017 and is uptrending. It has outperformed by 1.92% the S&P500.

Richmond Hill Investments Llc increased its stake in Advance Auto Parts Inc (AAP) by 98.5% based on its latest 2017Q3 regulatory filing with the SEC. Richmond Hill Investments Llc bought 87,465 shares as the company’s stock declined 6.26% while stock markets rallied. The hedge fund held 176,262 shares of the other specialty stores company at the end of 2017Q3, valued at $17.49 million, up from 88,797 at the end of the previous reported quarter. Richmond Hill Investments Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $8.00B market cap company. The stock decreased 0.62% or $0.68 during the last trading session, reaching $108.34. About 467,389 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since February 15, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Among 28 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 12 Hold. Therefore 46% are positive. Advance Auto Parts Inc. had 91 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, November 13 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, February 12 report. On Wednesday, August 16 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Wednesday, November 15 by JP Morgan. Susquehanna initiated the stock with “Neutral” rating in Friday, August 26 report. Goldman Sachs maintained the stock with “Neutral” rating in Wednesday, April 6 report. Bank of America downgraded Advance Auto Parts, Inc. (NYSE:AAP) on Friday, July 7 to “Underperform” rating. The rating was downgraded by Atlantic Securities on Wednesday, August 16 to “Hold”. The company was maintained on Friday, November 13 by RBC Capital Markets. The stock has “Underweight” rating by Barclays Capital on Wednesday, February 22.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It dropped, as 72 investors sold AAP shares while 112 reduced holdings. 59 funds opened positions while 125 raised stakes. 74.92 million shares or 1.99% less from 76.44 million shares in 2017Q2 were reported. Bank Of Ny Mellon Corporation reported 546,473 shares. Century Cos stated it has 2.54 million shares or 0.25% of all its holdings. Hsbc Public Llc has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Gotham Asset Mgmt Lc accumulated 0.37% or 255,120 shares. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 2,700 shares or 0.04% of the stock. Schroder Inv Mgmt Gru owns 1.20 million shares or 0.21% of their US portfolio. Nebraska-based Ameritas Partners has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Mutual Of America Cap Mgmt Lc owns 7,902 shares. Loomis Sayles And Lp, a Massachusetts-based fund reported 251,703 shares. 25,800 are owned by Gabelli Funds Limited Com. Natixis has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Smithfield Communications accumulated 100 shares. Blair William And Commerce Il has 2,686 shares for 0% of their portfolio. The Australia-based Westpac Banking has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). State Of Alaska Department Of Revenue reported 0.04% stake.

Since August 30, 2017, it had 0 insider purchases, and 11 selling transactions for $2.55 million activity. On Monday, October 16 the insider Hollis Michael L. sold $204,874. Shares for $112,129 were sold by Dick Teresa L.. Pantermuehl Russell sold $387,564 worth of Diamondback Energy, Inc. (NASDAQ:FANG) on Wednesday, September 20. Another trade for 5,000 shares valued at $475,177 was made by Molnar Paul on Tuesday, September 19.

Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.32, from 1.21 in 2017Q2. It improved, as 43 investors sold FANG shares while 92 reduced holdings. 64 funds opened positions while 143 raised stakes. 104.84 million shares or 6.40% more from 98.54 million shares in 2017Q2 were reported. Gam Ag owns 14,255 shares. First Mercantile Trust stated it has 0.07% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Deprince Race & Zollo holds 0.01% or 4,000 shares. Regents Of The University Of California holds 2.94% or 14,420 shares. Rhumbline Advisers reported 102,897 shares. Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has 0.03% invested in Diamondback Energy, Inc. (NASDAQ:FANG). Pennsylvania-based Janney Montgomery Scott Limited Liability has invested 0.02% in Diamondback Energy, Inc. (NASDAQ:FANG). Toronto Dominion Fincl Bank holds 3,730 shares. Winfield has invested 0% in Diamondback Energy, Inc. (NASDAQ:FANG). 3,114 are owned by Fulton Bank & Trust Na. Panagora Asset Inc reported 5,051 shares. Travelers Inc holds 0.45% in Diamondback Energy, Inc. (NASDAQ:FANG) or 7,439 shares. Loomis Sayles & Company LP has 63,078 shares. Emerald Advisers Pa holds 22,708 shares or 0.09% of its portfolio. Rothschild Capital Partners Llc holds 6,839 shares or 0.32% of its portfolio.

Among 40 analysts covering Diamondback Energy (NASDAQ:FANG), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Diamondback Energy had 115 analyst reports since July 21, 2015 according to SRatingsIntel. Williams Capital Group initiated the shares of FANG in report on Monday, August 29 with “Hold” rating. Howard Weil maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Wednesday, January 13 with “Sector Outperform” rating. KLR Group maintained it with “Buy” rating and $139 target in Tuesday, October 11 report. The rating was maintained by BMO Capital Markets on Monday, June 26 with “Buy”. The firm has “Buy” rating given on Thursday, October 19 by Piper Jaffray. As per Wednesday, December 2, the company rating was initiated by Deutsche Bank. The firm has “Buy” rating given on Monday, July 17 by Northland Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, September 1. The firm earned “Overweight” rating on Friday, August 14 by KeyBanc Capital Markets. Morgan Stanley maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Wednesday, October 18 with “Overweight” rating.

Van Eck Associates Corp, which manages about $30.53B and $19.58B US Long portfolio, decreased its stake in Tcp Capital Corp (NASDAQ:TCPC) by 51,697 shares to 366,576 shares, valued at $6.05 million in 2017Q3, according to the filing. It also reduced its holding in Pan American Silver Corp (NASDAQ:PAAS) by 1.22M shares in the quarter, leaving it with 16.55 million shares, and cut its stake in Gaming And Leisure Properties Inc (NASDAQ:GLPI).

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By1 Maria Brooks

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