Kenmare Capital Partners Has Trimmed Its Holding in General Electric Co (GE) by $835,200 as Stock Declined; Associated Banc-Corp Raised Its Exxon Mobil (XOM) Position by $381,348; Stock Value Rose

February 20, 2018 - By Vivian Park

Kenmare Capital Partners Llc decreased its stake in General Electric Co (GE) by 20.3% based on its latest 2017Q3 regulatory filing with the SEC. Kenmare Capital Partners Llc sold 34,800 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 136,600 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.30 million, down from 171,400 at the end of the previous reported quarter. Kenmare Capital Partners Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $128.56B market cap company. The stock decreased 1.50% or $0.225 during the last trading session, reaching $14.825. About 26.84M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 20, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Associated Banc-Corp increased its stake in Exxon Mobil Corp (XOM) by 1.57% based on its latest 2017Q3 regulatory filing with the SEC. Associated Banc-Corp bought 4,708 shares as the company’s stock rose 0.21% with the market. The institutional investor held 305,384 shares of the integrated oil company at the end of 2017Q3, valued at $25.04M, up from 300,676 at the end of the previous reported quarter. Associated Banc-Corp who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $324.58 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $76.57. About 5.10 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 20, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 7 Sell and 10 Hold. Therefore 35% are positive. Exxon Mobil had 88 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Monday, June 26 by BMO Capital Markets. Bank of America upgraded Exxon Mobil Corporation (NYSE:XOM) on Thursday, May 11 to “Buy” rating. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Credit Suisse on Monday, December 11. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Underperform” rating by Macquarie Research on Wednesday, September 23. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Underperform” rating given on Wednesday, October 18 by Morgan Stanley. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Tuesday, March 29 by Deutsche Bank. As per Friday, January 19, the company rating was maintained by Jefferies. Barclays Capital downgraded Exxon Mobil Corporation (NYSE:XOM) on Tuesday, February 6 to “Underweight” rating. The firm has “Sell” rating given on Tuesday, January 26 by Tudor Pickering. HSBC downgraded the shares of XOM in report on Tuesday, November 7 to “Reduce” rating.

Since September 18, 2017, it had 0 insider purchases, and 5 sales for $5.23 million activity. $1.62 million worth of stock was sold by Corson Bradley W on Monday, December 11. Another trade for 7,281 shares valued at $606,082 was sold by Milton Bryan W. On Monday, September 18 Franklin Robert Stuart sold $1.81 million worth of Exxon Mobil Corporation (NYSE:XOM) or 22,656 shares. $996,628 worth of Exxon Mobil Corporation (NYSE:XOM) shares were sold by Chapman Neil A.

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Harvest Management Incorporated has 59,561 shares for 1.91% of their portfolio. Rfg Advisory Grp Limited Company accumulated 0.36% or 7,039 shares. Tokio Marine Asset Mngmt Comm Ltd holds 1.03% or 83,316 shares in its portfolio. Tennessee-based Mastrapasqua Asset Mngmt Inc has invested 0.97% in Exxon Mobil Corporation (NYSE:XOM). Montrusco Bolton Investments holds 0.64% or 148,115 shares. Dixon Hubard Feinour Brown Incorporated Va reported 90,081 shares. Goodman Fincl Corp reported 24,062 shares. Mckinley Carter Wealth Svcs Incorporated owns 37,313 shares. Mufg Americas Holdings reported 571,722 shares. Pacad Invest Ltd reported 21,202 shares. Hoertkorn Richard Charles holds 0.61% or 11,655 shares in its portfolio. Kames Cap Public Limited holds 0.03% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 14,247 shares. Guggenheim Ltd Liability has invested 0.23% in Exxon Mobil Corporation (NYSE:XOM). Monetary holds 0.56% or 16,282 shares. Family Tru holds 0.36% or 8,750 shares.

Associated Banc-Corp, which manages about $1.81 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 8,777 shares to 689,525 shares, valued at $51.36M in 2017Q3, according to the filing. It also reduced its holding in Unitedhealth Group Inc (NYSE:UNH) by 19,092 shares in the quarter, leaving it with 109,847 shares, and cut its stake in Illinois Tool Wks Inc (NYSE:ITW).

Since August 22, 2017, it had 1 buying transaction, and 0 insider sales for $43,446 activity. $2.46 million worth of stock was bought by TISCH JAMES S on Tuesday, August 22.

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 company was maintained on Monday, January 25 by RBC Capital Markets. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Vetr on Tuesday, September 22. On Monday, June 12 the stock rating was maintained by Oppenheimer with “Hold”. The stock has “Hold” rating by CFRA on Friday, July 21. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, July 25 report. As per Thursday, January 4, the company rating was maintained by Tigress Financial. Credit Suisse maintained the shares of GE in report on Thursday, October 5 with “Outperform” rating. On Monday, October 10 the stock rating was maintained by with “Buy”. The rating was maintained by Deutsche Bank on Tuesday, November 21 with “Sell”. The stock has “Buy” rating by TheStreet on Tuesday, July 21.

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