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Richard Pzena Buys Chevron During 4th Quarter

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Feb 10, 2016
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Richard Pzena (Trades, Portfolio), founder and co-chief investment officer of Pzena Investment Management LLC, manages a portfolio composed of 150 stocks, five of which were acquired in the fourth quarter. Pzena also sold some stakes in the quarter.

The guru acquired 826,469 shares in Seagate Technology PLC (STX) with an impact of 0.19% on the portfolio.

The company is a provider of electronic data storage solutions. Its products include hard disk drives, commonly referred to as disk drives, hard drives or HDDs. Hard disk drives are devices that store digitally encoded data on rapidly rotating disks with magnetic surfaces. During the second quarter 2016, the company made solid progress against its core initiatives to bolster its product portfolio, contain costs and return capital to shareholders.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong returns of ROE 22.94% and ROA 6.45% that are overperforming 73% of the companies in the Global Data Storage industry. Financial strength has a rating of 7 out of 10 with a cash-to-debt of 0.31 that is below the industry median of 1.24.

First Eagle Investment (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.84% of outstanding shares followed by Pzena with 0.28%, NWQ Managers (Trades, Portfolio) with 0.07%, John Buckingham (Trades, Portfolio) with 0.04%, Manning & Napier Advisors Inc. with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.

The guru bought 288,472 shares in KKR & Co. LP (KKR) with an impact of 0.03% on the portfolio.

The company’s business offers a broad range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with a strong ROE of 8.11% that is overperforming and a weak ROA of 0.67% that is underperforming in the Global Asset Management industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.18.

The company's largest shareholder among the gurus is

John Rogers (Trades, Portfolio) with 0.6% of outstanding shares followed by Leon Cooperman (Trades, Portfolio) with 0.17%, Jim Simons (Trades, Portfolio) with 0.13%, Chuck Royce (Trades, Portfolio) with 0.13%, First Pacific Advisors (Trades, Portfolio) with 0.04% and Tom Gayner (Trades, Portfolio) with 0.04%.

The guru acquired 7,862 shares in Chevron Corp. (CVX).

The company manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations and power and energy services. During the fourth quarter it reported a loss of 31 cents per share – diluted compared with earnings of $1.85 per share in the same quarter of a year before.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10; even so it has easy ROE of 2.97% that is overperforming and weak ROA of 1.71% that is underperforming the Global Oil & Gas Integrated industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.29 that is below the industry median of 0.39.

James Barrow (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.26% of outstanding shares followed by

Jeremy Grantham (Trades, Portfolio) with 0.19%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.18%, Ken Fisher (Trades, Portfolio) with 0.15% and Pioneer Investments (Trades, Portfolio) with 0.1%.

The guru bought 13,296 shares in Weatherford International PLC (WFT).

The company provides equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. It operates in North America, Latin America, Europe/Sub-Sahara Africa ("SSA")/Russia and Middle East/North Africa (MENA)/Asia Pacific. During the third quarter operating income increased 3% and by 47 basis points sequentially, driven mostly by improvements in North America where revenue increased by 2% and operating margins increased 493 basis points.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with negative returns of ROE -18.85% and ROA -6.78% that are underperforming 83% of the companies in the Global Oil & Gas Equipment & Services industry. Financial strength has a rating of 5 out of 10 with a cash-to-debt of 0.07 that is below the industry median of 0.43.

The company's largest shareholder among the gurus is Dodge & Cox with 9.68% of outstanding shares followed by Manning & Napier with 2.15%,

Mario Gabelli (Trades, Portfolio) with 1.12%, Arnold Schneider (Trades, Portfolio) with 0.25%, Joel Greenblatt (Trades, Portfolio) with 0.18% and Louis Moore Bacon (Trades, Portfolio) with 0.04%.

The guru sold out his shares in Becton Dickinson & Co. (BDX) with an impact of -0.32% on the portfolio.

The company is a medical technology company engaged in the development, manufacture and sale of medical devices, instrument systems and reagents used by health care institutions, life science researchers, clinical laboratories, general public and the pharmaceutical industry.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with easy returns of ROE 10.96% and ROA 3.07% that are overperforming 53% of the companies in the Global Medical Instruments & Supplies industry. Financial strength has a rating of 7 out of 10 with a cash-to-debt of 0.12 that is below the industry median of 1.56.

The company’s largest shareholder among the gurus is

Vanguard Health Care Fund (Trades, Portfolio) with 1.39% of outstanding shares followed by Simons with 0.77%, First Eagle Investment (Trades, Portfolio) with 0.65%, Pioneer Investments (Trades, Portfolio) with 0.44%, Grantham with 0.4% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.17%.

The guru sold out his shares in Symetra Financial Corp. (SYA) with an impact of -0.11% on the portfolio.

It is a financial services company in the life insurance industry. Its products are distributed domestically in all states and the District of Columbia, through benefits consultants, financial institutions and independent agents and advisers. For the third quarter of 2015, net income was 17 cents per diluted share, compared to 31 cents per diluted share in the third quarter of 2014.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with weak returns of ROE 4.74% and ROA 0.74% that are underperforming 72% of the companies in the Global Insurance - Life industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.26 that is below the industry median of 5.83.

Jones is the company's largest shareholder among the gurus with 0.65% of outstanding shares followed by

David Dreman (Trades, Portfolio) with 0.31%, Michael Price (Trades, Portfolio) with 0.31% and Royce with 0.15%.

The guru sold out his shares in WellCare Health Plans Inc. (WCG) with an impact of -0.01% on the portfolio.

The company provides managed care services exclusively to government-sponsored health care programs. The company operated Medicaid health plans in Florida, Georgia, Hawaii, Illinois, Kentucky, Missouri, New York, Ohio and South Carolina.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with weak returns of ROE 6.94% and ROA 2.40% that are underperforming 58% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 8 out of 10 with a cash-to-debt of 1.36 that is below the industry median of 1.57.

The company's largest shareholder among the gurus is

Alan Fournier (Trades, Portfolio) with 6.19% of outstanding shares followed by Vanguard Health Care Fund (Trades, Portfolio) with 2.7%, Mariko Gordon (Trades, Portfolio) with 1.34%, HOTCHKIS & WILEY with 0.99%, Simons with 0.56% and Pioneer Investments (Trades, Portfolio) with 0.32%.

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