As Apache (APA) Share Value Declined, Shareholder Delta Capital Management Lifted Holding; Canandaigua National Bank & Trust Company Stake in Financial Institutions (FISI) Has Cut by $446,320

February 14, 2018 - By Richard Conner

Canandaigua National Bank & Trust Company decreased its stake in Financial Institutions Inc (FISI) by 3.23% based on its latest 2017Q3 regulatory filing with the SEC. Canandaigua National Bank & Trust Company sold 15,940 shares as the company’s stock declined 8.88% while stock markets rallied. The institutional investor held 478,183 shares of the finance company at the end of 2017Q3, valued at $13.77M, down from 494,123 at the end of the previous reported quarter. Canandaigua National Bank & Trust Company who had been investing in Financial Institutions Inc for a number of months, seems to be less bullish one the $487.97 million market cap company. The stock decreased 0.49% or $0.15 during the last trading session, reaching $30.65. About 57,227 shares traded or 7.13% up from the average. Financial Institutions, Inc. (NASDAQ:FISI) has risen 13.69% since February 14, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

Delta Capital Management Llc increased its stake in Apache Corp (APA) by 131.16% based on its latest 2017Q3 regulatory filing with the SEC. Delta Capital Management Llc bought 42,020 shares as the company’s stock declined 7.72% while stock markets rallied. The institutional investor held 74,056 shares of the oil & gas production company at the end of 2017Q3, valued at $3.39 million, up from 32,036 at the end of the previous reported quarter. Delta Capital Management Llc who had been investing in Apache Corp for a number of months, seems to be bullish on the $14.36B market cap company. The stock decreased 1.08% or $0.41 during the last trading session, reaching $37.7. About 4.33 million shares traded or 17.95% up from the average. Apache Corporation (NYSE:APA) has declined 10.21% since February 14, 2017 and is downtrending. It has underperformed by 26.91% the S&P500.

Since December 13, 2017, it had 1 insider purchase, and 0 sales for $120,064 activity.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.31, from 0.74 in 2017Q2. It increased, as 60 investors sold APA shares while 202 reduced holdings. 66 funds opened positions while 209 raised stakes. 348.95 million shares or 1.76% more from 342.91 million shares in 2017Q2 were reported. 791,964 are owned by Cwm Limited Liability Co. Moreover, Principal Financial Group has 0.03% invested in Apache Corporation (NYSE:APA). Hl Financial Svcs Limited holds 18,287 shares. Flossbach Von Storch Ag invested in 4,553 shares or 0% of the stock. Dimensional Fund Advsr LP owns 1.55 million shares for 0.03% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt has 0.01% invested in Apache Corporation (NYSE:APA). Hanson Mcclain Incorporated owns 2,202 shares for 0.01% of their portfolio. Financial Bank Of Nova Scotia Tru Co invested in 0% or 24 shares. Clearbridge Invests Limited Com stated it has 1.57 million shares or 0.07% of all its holdings. Marco Invest Mngmt Lc has invested 1.1% in Apache Corporation (NYSE:APA). Blume Management Inc reported 100 shares. Solaris Asset Management Ltd Liability Corporation reported 0.05% stake. Palisade Asset Ltd Liability reported 60,841 shares. Covington Capital Management has invested 0.01% in Apache Corporation (NYSE:APA). 35,399 were accumulated by New Mexico Educational Retirement Board.

Among 27 analysts covering Apache Corporation (NYSE:APA), 5 have Buy rating, 5 Sell and 17 Hold. Therefore 19% are positive. Apache Corporation has $72 highest and $26 lowest target. $51.22’s average target is 35.86% above currents $37.7 stock price. Apache Corporation had 95 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, October 10 the stock rating was maintained by BMO Capital Markets with “Hold”. iBERIA Capital Partners maintained it with “Sector Perform” rating and $60 target in Thursday, May 26 report. The firm has “Hold” rating by Cowen & Co given on Tuesday, July 18. Barclays Capital maintained Apache Corporation (NYSE:APA) on Monday, November 20 with “Underweight” rating. RBC Capital Markets maintained Apache Corporation (NYSE:APA) rating on Thursday, July 20. RBC Capital Markets has “Hold” rating and $5500 target. Zacks downgraded the shares of APA in report on Monday, August 10 to “Buy” rating. The firm has “Hold” rating by Stifel Nicolaus given on Monday, May 29. The company was maintained on Friday, September 15 by Cowen & Co. RBC Capital Markets maintained the shares of APA in report on Friday, November 3 with “Hold” rating. The stock of Apache Corporation (NYSE:APA) earned “Hold” rating by Stifel Nicolaus on Friday, September 1.

Canandaigua National Bank & Trust Company, which manages about $525.58M US Long portfolio, upped its stake in Spdr S&P 500 Etf Trust (SPY) by 2,826 shares to 91,432 shares, valued at $22.97 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Reit Etf (VNQ) by 4,410 shares in the quarter, for a total of 113,492 shares, and has risen its stake in Mcdonalds Corp (NYSE:MCD).

Among 3 analysts covering Financial Institutions (NASDAQ:FISI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Financial Institutions has $36.0 highest and $31.5 lowest target. $34.17’s average target is 11.48% above currents $30.65 stock price. Financial Institutions had 7 analyst reports since September 16, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, May 30. The rating was initiated by Piper Jaffray on Wednesday, September 16 with “Overweight”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, September 22. The stock of Financial Institutions, Inc. (NASDAQ:FISI) has “Hold” rating given on Tuesday, October 3 by Piper Jaffray. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Financial Institutions, Inc. (NASDAQ:FISI) has “Buy” rating given on Friday, February 2 by Hovde Group. The stock has “Hold” rating by Piper Jaffray on Thursday, July 13.

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