Marathon Asset Management LP Decreased Stake in Hess (HES) by $56.88 Million as Shares Declined; Capital Investment Advisors Has Increased Its General Electric Company (GE) Stake

February 22, 2018 - By Marie Mckinney

Marathon Asset Management Lp decreased its stake in Hess Corp (HES) by 98.93% based on its latest 2017Q3 regulatory filing with the SEC. Marathon Asset Management Lp sold 1.24 million shares as the company’s stock declined 5.45% while stock markets rallied. The institutional investor held 13,409 shares of the integrated oil company at the end of 2017Q3, valued at $629,000, down from 1.25M at the end of the previous reported quarter. Marathon Asset Management Lp who had been investing in Hess Corp for a number of months, seems to be less bullish one the $14.60B market cap company. The stock increased 1.61% or $0.73 during the last trading session, reaching $45.96. About 646,906 shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since February 22, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Capital Investment Advisors Llc increased its stake in General Electric Company (GE) by 12.14% based on its latest 2017Q3 regulatory filing with the SEC. Capital Investment Advisors Llc bought 28,078 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 259,340 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $6.27M, up from 231,262 at the end of the previous reported quarter. Capital Investment Advisors Llc who had been investing in General Electric Company for a number of months, seems to be bullish on the $128.77 billion market cap company. The stock increased 2.48% or $0.359 during the last trading session, reaching $14.849. About 11.09 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 22, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.12, from 1 in 2017Q2. It dropped, as 43 investors sold HES shares while 162 reduced holdings. 48 funds opened positions while 133 raised stakes. 254.48 million shares or 1.67% more from 250.30 million shares in 2017Q2 were reported. Wolverine Asset Management Lc owns 0.04% invested in Hess Corporation (NYSE:HES) for 71,746 shares. Rampart Inv Management Com Llc has invested 0.05% of its portfolio in Hess Corporation (NYSE:HES). Needham Inv Llc owns 44,750 shares or 0.53% of their US portfolio. Wilen Mgmt Corporation holds 0.3% or 10,878 shares. Walleye Trading Ltd Liability Corporation holds 0% of its portfolio in Hess Corporation (NYSE:HES) for 15,351 shares. Tiaa Cref Investment Mgmt Ltd Liability Com holds 0.02% in Hess Corporation (NYSE:HES) or 712,768 shares. Moreover, Parkwood Limited Liability Company has 0.13% invested in Hess Corporation (NYSE:HES). Proshare Advsrs Ltd Liability reported 54,906 shares. 758 are owned by Washington Bank & Trust. British Columbia Inv Corporation invested 0.05% of its portfolio in Hess Corporation (NYSE:HES). The New York-based First Manhattan has invested 0.01% in Hess Corporation (NYSE:HES). Mercer Advisers Inc has invested 0.14% in Hess Corporation (NYSE:HES). Financial Counselors has invested 0.31% of its portfolio in Hess Corporation (NYSE:HES). Kornitzer Capital Ks, Kansas-based fund reported 1.03 million shares. Keybank National Association Oh has invested 0% in Hess Corporation (NYSE:HES).

Analysts await Hess Corporation (NYSE:HES) to report earnings on April, 25. They expect $-0.54 earnings per share, up 49.53% or $0.53 from last year’s $-1.07 per share. After $-1.01 actual earnings per share reported by Hess Corporation for the previous quarter, Wall Street now forecasts -46.53% EPS growth.

Since August 24, 2017, it had 0 buys, and 8 insider sales for $5.29 million activity. On Thursday, February 8 the insider Truelove Brian D. sold $85,572. Shares for $85,039 were sold by Turner Michael R on Thursday, February 8. 93,712 shares were sold by HESS JOHN B, worth $4.15M. $280,442 worth of Hess Corporation (NYSE:HES) shares were sold by Hill Gregory P.. 4,567 Hess Corporation (NYSE:HES) shares with value of $202,075 were sold by Goodell Timothy B.. $150,262 worth of Hess Corporation (NYSE:HES) was sold by RIELLY JOHN P on Thursday, February 8.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. On Tuesday, January 5 the stock rating was downgraded by Citigroup to “Neutral”. The stock of Hess Corporation (NYSE:HES) earned “Buy” rating by Citigroup on Monday, September 14. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, October 10. The stock has “Overweight” rating by JP Morgan on Thursday, December 8. The stock of Hess Corporation (NYSE:HES) earned “Outperform” rating by Wells Fargo on Friday, May 5. As per Tuesday, February 6, the company rating was maintained by BMO Capital Markets. The firm earned “Neutral” rating on Thursday, April 28 by Credit Suisse. On Monday, June 26 the stock rating was maintained by BMO Capital Markets with “Hold”. BMO Capital Markets maintained the shares of HES in report on Friday, June 16 with “Hold” rating. Piper Jaffray maintained the shares of HES in report on Tuesday, November 21 with “Buy” rating.

Marathon Asset Management Lp, which manages about $13.21B and $901.99 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 500,000 shares to 1.50M shares, valued at $376.85M in 2017Q3, according to the filing.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Tuesday, July 25 with “Equal-Weight”. The rating was upgraded by Bernstein on Friday, December 16 to “Outperform”. The stock has “Hold” rating by CFRA on Wednesday, January 24. Citigroup maintained General Electric Company (NYSE:GE) rating on Monday, October 23. Citigroup has “Buy” rating and $28 target. The firm has “Hold” rating by Bank of America given on Monday, January 22. RBC Capital Markets downgraded General Electric Company (NYSE:GE) on Tuesday, November 14 to “Sector Perform” rating. The stock has “Outperform” rating by RBC Capital Markets on Monday, October 19. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Monday, October 30 by Deutsche Bank. Bernstein downgraded the shares of GE in report on Monday, April 4 to “Market Perform” rating. As per Friday, July 21, the company rating was downgraded by CFRA.

Since January 26, 2018, it had 1 buy, and 0 selling transactions for $43,446 activity.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Nottingham stated it has 32,481 shares. X Management Communication Ltd Llc reported 19,768 shares. Wolverine Asset Mgmt Lc reported 123,516 shares or 0.03% of all its holdings. Nomura Holding reported 0.04% of its portfolio in General Electric Company (NYSE:GE). Ingalls & Snyder Limited Co holds 1.5% or 1.19 million shares in its portfolio. Blb&B Advsrs Lc owns 389,024 shares for 1.45% of their portfolio. First Wilshire Securities holds 0.54% of its portfolio in General Electric Company (NYSE:GE) for 78,731 shares. Pinnacle Wealth Advisory Grp Ltd Liability Com reported 0.36% in General Electric Company (NYSE:GE). Security Natl Trust Communication invested 1.22% of its portfolio in General Electric Company (NYSE:GE). Brown Brothers Harriman & has 0.05% invested in General Electric Company (NYSE:GE) for 403,947 shares. Ronna Sue Cohen accumulated 146,192 shares. Sky Grp Limited Liability has 1.61% invested in General Electric Company (NYSE:GE). Moreover, Spc Finance has 0.27% invested in General Electric Company (NYSE:GE) for 45,704 shares. Clarkston Capital Partners Llc has 1.79% invested in General Electric Company (NYSE:GE). Osborne Ptnrs Cap Management Ltd Liability has invested 1.48% in General Electric Company (NYSE:GE).

Capital Investment Advisors Llc, which manages about $1.46B US Long portfolio, decreased its stake in Hancock John Pfd Eqty Fd (HPI) by 15,453 shares to 36,094 shares, valued at $792,000 in 2017Q3, according to the filing. It also reduced its holding in Amgen (NASDAQ:AMGN) by 3,483 shares in the quarter, leaving it with 22,020 shares, and cut its stake in Nuveen Qual Pfd Inc Fd (JPS).

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