Meyer Handelman Co Cut Genuine Parts Co (GPC) Stake by $5.24 Million; Wpx Energy (WPX) Shareholder Gagnon Advisors Has Raised Position

February 17, 2018 - By Jonathan Benavides

Gagnon Advisors Llc increased its stake in Wpx Energy Inc (WPX) by 27.54% based on its latest 2017Q3 regulatory filing with the SEC. Gagnon Advisors Llc bought 101,473 shares as the company’s stock declined 6.43% while stock markets rallied. The hedge fund held 469,889 shares of the energy company at the end of 2017Q3, valued at $5.40 million, up from 368,416 at the end of the previous reported quarter. Gagnon Advisors Llc who had been investing in Wpx Energy Inc for a number of months, seems to be bullish on the $5.55B market cap company. The stock decreased 0.85% or $0.12 during the last trading session, reaching $13.95. About 6.35 million shares traded or 9.10% up from the average. WPX Energy, Inc. (NYSE:WPX) has risen 29.74% since February 17, 2017 and is uptrending. It has outperformed by 13.04% the S&P500.

Meyer Handelman Co decreased its stake in Genuine Parts Co (GPC) by 34% based on its latest 2017Q3 regulatory filing with the SEC. Meyer Handelman Co sold 55,110 shares as the company’s stock declined 8.49% while stock markets rallied. The institutional investor held 106,978 shares of the automotive aftermarket company at the end of 2017Q3, valued at $10.23 million, down from 162,088 at the end of the previous reported quarter. Meyer Handelman Co who had been investing in Genuine Parts Co for a number of months, seems to be less bullish one the $14.64 billion market cap company. The stock decreased 1.07% or $1.08 during the last trading session, reaching $99.83. About 1.11M shares traded or 30.55% up from the average. Genuine Parts Company (NYSE:GPC) has declined 1.45% since February 17, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

Among 32 analysts covering WPX Energy (NYSE:WPX), 27 have Buy rating, 0 Sell and 5 Hold. Therefore 84% are positive. WPX Energy had 112 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Thursday, September 1 by Barclays Capital. The company was maintained on Monday, May 16 by Citigroup. BMO Capital Markets maintained WPX Energy, Inc. (NYSE:WPX) rating on Tuesday, October 10. BMO Capital Markets has “Buy” rating and $14.0 target. On Monday, February 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Tuesday, February 6 by Robert W. Baird. As per Thursday, October 5, the company rating was maintained by Stifel Nicolaus. The stock has “Equal Weight” rating by Barclays Capital on Monday, October 17. On Tuesday, January 12 the stock rating was initiated by Guggenheim with “Buy”. The firm has “Buy” rating by Goldman Sachs given on Thursday, February 1. On Thursday, July 13 the stock rating was maintained by Citigroup with “Neutral”.

Investors sentiment decreased to 1.29 in Q3 2017. Its down 0.15, from 1.44 in 2017Q2. It dropped, as 36 investors sold WPX shares while 82 reduced holdings. 34 funds opened positions while 118 raised stakes. 385.12 million shares or 1.57% more from 379.18 million shares in 2017Q2 were reported. Weiss Multi reported 1.07M shares. Moreover, Eqis Capital Mngmt has 0.03% invested in WPX Energy, Inc. (NYSE:WPX). State Treasurer State Of Michigan has invested 0.01% in WPX Energy, Inc. (NYSE:WPX). Lpl Finance Limited Liability Com holds 0% or 79,575 shares in its portfolio. Agf Invests America holds 47,735 shares. Creative Planning has invested 0% in WPX Energy, Inc. (NYSE:WPX). Cipher Limited Partnership stated it has 100,155 shares or 0.09% of all its holdings. Guggenheim Limited holds 121,989 shares. Cubist Systematic Strategies Ltd holds 0.1% in WPX Energy, Inc. (NYSE:WPX) or 150,186 shares. Stifel Corp accumulated 46,183 shares. Point72 Asia (Hong Kong) holds 8,060 shares or 0.07% of its portfolio. M&T Retail Bank invested in 0% or 13,564 shares. Pathstone Family Office Ltd Company holds 1,000 shares. California Public Employees Retirement System invested in 0.02% or 922,300 shares. Caxton Assocs Limited Partnership holds 0.41% or 1.01 million shares.

Since September 15, 2017, it had 0 buys, and 1 sale for $366,765 activity.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on February, 20. They expect $1.06 earnings per share, up 3.92% or $0.04 from last year’s $1.02 per share. GPC’s profit will be $155.41 million for 23.54 P/E if the $1.06 EPS becomes a reality. After $1.16 actual earnings per share reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -8.62% negative EPS growth.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.06, from 0.9 in 2017Q2. It is positive, as 46 investors sold GPC shares while 195 reduced holdings. 55 funds opened positions while 176 raised stakes. 108.15 million shares or 1.25% more from 106.82 million shares in 2017Q2 were reported. Laurion Cap Ltd Partnership accumulated 31,100 shares. Tompkins has 325 shares. 123,926 are held by Great West Life Assurance Co Can. Motco has invested 0.39% in Genuine Parts Company (NYSE:GPC). Employees Retirement Sys Of Texas holds 8,000 shares. Keybank Natl Association Oh holds 115,974 shares. Levin Capital Strategies LP reported 4,293 shares or 0.01% of all its holdings. Kcm Investment Advisors Ltd Liability reported 78,962 shares or 0.46% of all its holdings. First Manhattan Com has 0% invested in Genuine Parts Company (NYSE:GPC). Hanson And Doremus Inv Mngmt holds 0.01% or 250 shares. Vident Invest Advisory Limited Liability Corp reported 4,183 shares. Fulton Breakefield Broenniman Ltd reported 1.38% of its portfolio in Genuine Parts Company (NYSE:GPC). Alliancebernstein LP reported 0.02% of its portfolio in Genuine Parts Company (NYSE:GPC). Vontobel Asset Inc accumulated 11,910 shares or 0.01% of the stock. Fruth Inv holds 5,960 shares or 0.26% of its portfolio.

Meyer Handelman Co, which manages about $1.97 billion and $2.19 billion US Long portfolio, upped its stake in Abbvie Inc (NYSE:ABBV) by 6,765 shares to 101,981 shares, valued at $9.06M in 2017Q3, according to the filing. It also increased its holding in Abbott Labs Inc Com (NYSE:ABT) by 10,881 shares in the quarter, for a total of 100,321 shares, and has risen its stake in Conocophillips (NYSE:COP).

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