Petroleo Brasileiro Petrobras SA (ADR) (PBR.A), Western Refining, Inc. (WNR), Cabot Oil & Gas Corporation (COG): Top Holdings of Adams Hill Capital

Adams Hill Capital is an investment advisor based in Westport, Connecticut. It manages accounts that total about $452 million in assets. Adams Hill Capital submitted its latest SEC 13F Filings on November 14, 2014. According to the filing, which covers the period for the third quarter ended September 30, 2014, the firm’s top three holdings are Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A), Western Refining, Inc. (NYSE:WNR), and Cabot Oil & Gas Corporation (NYSE:COG).

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) became the topmost investment of Adams Hill Capital with investment totaling $14.2 million in value. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) explores and explores, refines, and supplies oil products to customers across the globe. The company has a wide network of distribution pipelines, fleets of oil tankers, supply terminals, thermal power plants, among several other gas and oil related operations. The company has delayed its Q3 earnings report due to corruption investigations that it’s been carrying out. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) has been undergoing investigations by PricewaterhouseCoopers (PwC) and they haven’t been able to resolve their conflicts. Some of the company’s subsidiaries are Braskem, Transpetro, Petrobras Ditribuidora, and Petrobras Argentina.

Petroleo Brasileiro Petrobras SA (ADR) (PBR)

Western Refining, Inc. (NYSE:WNR) emerged the second biggest investment of the firm, representing investment worth $12.6 million. Western Refining, Inc. (NYSE:WNR) is a Texas-based company that refines crude oil, and markets petroleum products. It carries out its operations through subsidiaries in Arizona, New Mexico, Mexico, and a few other places. Western Refining, Inc. (NYSE:WNR) reported strong third quarter report with $1.73 in EPS, beating Zacks Consensus Estimate of $1.43. The top three institutional shareholders of Western Refining, Inc. (NYSE:WNR) are Vanguard Group, Inc., Robeco Investment Management, Inc., and Jennison Associates LLC.

Cabot Oil & Gas Corporation (NYSE:COG) emerged the third largest investment of Adams Hill Capital, having investment totaling to $12.4 million in value. Cabot Oil & Gas Corporation (NYSE:COG) is an independent oil and gas company based in Louisiana, Texas. The company develops, exploits, and explores oil and gas properties in North America. Cabot Oil & Gas Corporation (NYSE:COG) has received a consensus rating of “hold” from more than twenty brokerages that are analyzing the stock. The average target price of the stock is $38.22, according to brokers that have unveiled their ratings on the stock.

This article has been written by Victor Ochieng.

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