Beach Point Capital Management LP Has Trimmed Whiting Pete New (WLL) Position; Orbotech Ltd (ORBK) Had 7 Analysts Last Week

June 19, 2017 - By Vivian Currie

Beach Point Capital Management Lp decreased Whiting Pete Corp New (WLL) stake by 20.88% reported in 2016Q4 SEC filing. Beach Point Capital Management Lp sold 572,077 shares as Whiting Pete Corp New (WLL)’s stock declined 20.16%. The Beach Point Capital Management Lp holds 2.17 million shares with $26.06 million value, down from 2.74M last quarter. Whiting Pete Corp New now has $2.29B valuation. The stock declined 0.34% or $0.02 reaching $5.92 per share. About 6.39 million shares traded. Whiting Petroleum Corp (NYSE:WLL) has declined 20.87% since June 19, 2016 and is downtrending. It has underperformed by 37.57% the S&P500.

Among 8 analysts covering Orbotech (NASDAQ:ORBK), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Orbotech had 9 analyst reports since September 8, 2015 according to SRatingsIntel. On Friday, November 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. Needham maintained the stock with “Buy” rating in Thursday, December 10 report. The stock has “Outperform” rating by Cowen & Co on Tuesday, January 5. The firm has “Buy” rating given on Tuesday, September 8 by Lake Street. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, December 2 report. The rating was downgraded by Standpoint Research on Monday, May 22 to “Hold”. The firm has “Buy” rating given on Monday, November 16 by Needham. JP Morgan initiated the stock with “Overweight” rating in Monday, December 21 report. See Orbotech Ltd (NASDAQ:ORBK) latest ratings:

22/05/2017 Broker: Standpoint Research Old Rating: Buy New Rating: Hold Downgrade
23/12/2016 Broker: Jefferies Rating: Buy New Target: $41.00 Initiates Coverage On

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The company has market cap of $1.63 billion. The Firm provides cutting-edge solutions for use in the manufacture of printed circuit boards , flat panel displays (FPDs) and semiconductor devices (SDs). It has a 20.6 P/E ratio. The Company’s divisions include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

About 94,393 shares traded. Orbotech Ltd (NASDAQ:ORBK) has risen 49.39% since June 19, 2016 and is uptrending. It has outperformed by 32.69% the S&P500.

Investors sentiment decreased to 1.17 in 2016 Q4. Its down 0.14, from 1.31 in 2016Q3. It worsened, as 35 investors sold WLL shares while 97 reduced holdings. 62 funds opened positions while 93 raised stakes. 284.48 million shares or 9.51% more from 259.76 million shares in 2016Q3 were reported. Aviance Capital Management Ltd Limited Liability Company reported 16,024 shares or 0.01% of all its holdings. Syntal Capital Ptnrs Limited Liability invested in 0.3% or 26,667 shares. Mackenzie Financial Corp owns 4.65 million shares for 0.33% of their portfolio. Scoria Capital Ptnrs LP holds 2.46% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 136,100 shares. Eam Llc has invested 0.44% in Whiting Petroleum Corp (NYSE:WLL). Blackrock Fund Advsr holds 2.91M shares or 0.01% of its portfolio. Adams Natural Fund reported 0.45% in Whiting Petroleum Corp (NYSE:WLL). Moreover, Evercore Wealth Mngmt Limited Liability Co has 0.01% invested in Whiting Petroleum Corp (NYSE:WLL) for 15,000 shares. Deprince Race And Zollo Inc reported 66,000 shares. Van Eck Associate holds 0% or 42,680 shares in its portfolio. 751,211 are held by Legal General Grp Inc Public Limited Com. Blackrock Ltd Com, a New Jersey-based fund reported 606,383 shares. Gamco Investors Et Al has invested 0.01% in Whiting Petroleum Corp (NYSE:WLL). Deutsche Comml Bank Ag has invested 0.03% in Whiting Petroleum Corp (NYSE:WLL). Commonwealth Bank Of owns 58,000 shares.

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