Van Eck Associates is Bearish on These Stocks in Latest 13F Filing

Wall St. Watchdog reveals information regarding significant reduction in shares for Van Eck Associates’ holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Walter Energy Inc. (NYSE:WLT): On 06/30/2011, Van Eck Associates reported holding 2,084,038 shares. On 09/30/2011, Van Eck Associates reported holding 220,321 shares. The net reduction in shares for this position is 1,863,717 or 89.43%. About Company: Walter Energy, Inc. mines coal. The Company produces metallurgical and steam and industrial coal,; manufactures blast furnace, foundry, industrial and buckwheat coke; and produces light oil, coal tar, and ammonium sulfate. Walter Energy also degasifies coalbeds and sells the gas to a utility.
  • Sterlite Industries (india) Ltd. (NYSE:SLT): On 06/30/2011, Van Eck Associates reported holding 14,150 shares. On 09/30/2011, Van Eck Associates reported holding 3,109 shares. The net reduction in shares for this position is 11,041 or 78.03%. About Company: Sterlite Industries (India) Ltd. manufactures a wide range of electrical wires and related products. The Company’s products include copper cathodes, continuous cast copper rods, power transmission line aluminum conductors, sulphuric acid and phosphoric acid. Sterlite Industries also manufactures zinc and lead products.
  • Qep Resources Inc. (NYSE:QEP): On 06/30/2011, Van Eck Associates reported holding 8,207,690 shares. On 09/30/2011, Van Eck Associates reported holding 1,879,073 shares. The net reduction in shares for this position is 6,328,617 or 77.11%. About Company: QEP Resources Inc. is an independent natural gas and oil exploration and production company. The Company’s operations are focused in the Rocky Mountain and Midcontinent regions of the United States. QEP also gathers, compresses, treats, and processes natural gas.
  • Cabot Oil & Gas Corporation (NYSE:COG): On 06/30/2011, Van Eck Associates reported holding 5,392,072 shares. On 09/30/2011, Van Eck Associates reported holding 1,306,173 shares. The net reduction in shares for this position is 4,085,899 or 75.78%. About Company: Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.
  • Sunpower Corporation (NASDAQ:SPWRA): On 06/30/2011, Van Eck Associates reported holding 394,526 shares. On 09/30/2011, Van Eck Associates reported holding 107,079 shares. The net reduction in shares for this position is 287,447 or 72.86%. About Company: SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.

(Note: Data regarding Van Eck Associates’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>