National Oilwell Varco (NOV) Holder Cubist Systematic Strategies Lowered Its Position as Valuation Declined; General Electric Co (GE) Shareholder Webster Bank Cut Stake by $752,256

January 14, 2018 - By Ruchi Gupta

Webster Bank decreased its stake in General Electric Co (GE) by 4.47% based on its latest 2017Q3 regulatory filing with the SEC. Webster Bank sold 31,344 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 669,936 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $16.20M, down from 701,280 at the end of the previous reported quarter. Webster Bank who had been investing in General Electric Co for a number of months, seems to be less bullish one the $162.69 billion market cap company. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08M shares traded or 6.24% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 14, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Cubist Systematic Strategies Llc decreased its stake in National Oilwell Varco Inc (NOV) by 61.22% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc sold 14,052 shares as the company’s stock declined 11.45% while stock markets rallied. The institutional investor held 8,900 shares of the energy company at the end of 2017Q3, valued at $318,000, down from 22,952 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in National Oilwell Varco Inc for a number of months, seems to be less bullish one the $14.87B market cap company. The stock increased 0.77% or $0.3 during the last trading session, reaching $39.14. About 2.53M shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since January 14, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It worsened, 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. Brick Kyle Assocs invested in 77,662 shares. Df Dent holds 0.07% or 116,422 shares in its portfolio. 163,006 were reported by Grandfield Dodd. Richard Bernstein Advsr Ltd Co holds 0.47% or 282,069 shares in its portfolio. Los Angeles Mgmt Equity reported 0.28% in General Electric Company (NYSE:GE). Grace & White New York stated it has 23,581 shares or 0.12% of all its holdings. Riverpoint Mngmt Ltd Llc holds 0.14% or 91,381 shares in its portfolio. General American Co accumulated 870,000 shares or 2% of the stock. Gabelli Funds Ltd Liability Com stated it has 2.23 million shares or 0.31% of all its holdings. Telos Capital Mgmt Inc stated it has 187,140 shares or 1.75% of all its holdings. Vanguard Grp Inc Inc stated it has 606.88 million shares. Arbor Inv Advisors Llc holds 0.14% of its portfolio in General Electric Company (NYSE:GE) for 12,505 shares. Lenox Wealth reported 10,188 shares. Howe Rusling holds 0.75% or 166,886 shares in its portfolio. Financial Architects Incorporated holds 13,724 shares or 0.61% of its portfolio.

Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity. Comstock Elizabeth J sold $633,375 worth of General Electric Company (NYSE:GE) on Wednesday, August 9. 103,983 General Electric Company (NYSE:GE) shares with value of $2.66M were bought by Flannery John Leonard.

Webster Bank, which manages about $688.03 million US Long portfolio, upped its stake in Pacific Investment Management Co Llc (MINT) by 8,041 shares to 8,048 shares, valued at $819,000 in 2017Q3, according to the filing. It also increased its holding in Blackrock Fund Advisors (AGG) by 7,557 shares in the quarter, for a total of 101,584 shares, and has risen its stake in Welltower Inc.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 16.17 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, June 12 by Oppenheimer. The stock has “Sell” rating by Deutsche Bank on Monday, October 30. Citigroup initiated the shares of GE in report on Thursday, January 21 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 7. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 6 report. The stock of General Electric Company (NYSE:GE) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 14. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, April 24. RBC Capital Markets has “Outperform” rating and $35 target. The rating was maintained by BMO Capital Markets on Thursday, March 23 with “Hold”. Credit Suisse maintained it with “Buy” rating and $34 target in Wednesday, April 12 report. The stock of General Electric Company (NYSE:GE) earned “Overweight” rating by Barclays Capital on Monday, October 5.

Among 34 analysts covering National Oilwell Varco (NYSE:NOV), 10 have Buy rating, 5 Sell and 19 Hold. Therefore 29% are positive. National Oilwell Varco had 108 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was initiated by SunTrust on Wednesday, January 18 with “Hold”. The rating was upgraded by Loop Capital on Thursday, August 17 to “Buy”. Tudor Pickering initiated the stock with “Hold” rating in Friday, March 24 report. The rating was maintained by Jefferies with “Hold” on Wednesday, April 12. Piper Jaffray maintained the shares of NOV in report on Tuesday, December 19 with “Buy” rating. RBC Capital Markets maintained the shares of NOV in report on Thursday, December 21 with “Hold” rating. Bank of America maintained the shares of NOV in report on Monday, June 13 with “Underperform” rating. The firm has “Sell” rating by Citigroup given on Monday, October 5. As per Friday, September 4, the company rating was maintained by Credit Suisse. Credit Suisse upgraded the stock to “Neutral” rating in Wednesday, February 8 report.

Investors sentiment increased to 0.85 in 2017 Q3. Its up 0.18, from 0.67 in 2017Q2. It increased, as 53 investors sold NOV shares while 189 reduced holdings. 49 funds opened positions while 157 raised stakes. 348.73 million shares or 2.54% more from 340.10 million shares in 2017Q2 were reported. Moreover, Public Sector Pension Inv Board has 0% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 19,861 shares. Alpha Windward Ltd Com invested in 170 shares. New York State Common Retirement Fund holds 0.04% or 849,700 shares. Delta Asset Mngmt Ltd Llc Tn holds 1.41% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 260,772 shares. Salem Inv Counselors Inc invested 0.01% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Farmers & Merchants Invests Inc has invested 0% in National Oilwell Varco, Inc. (NYSE:NOV). Ontario – Canada-based Independent Order Of Foresters has invested 0.26% in National Oilwell Varco, Inc. (NYSE:NOV). Moreover, Tarbox Family Office has 0.08% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 5,351 shares. Proshare Ltd Com holds 0.02% or 65,418 shares. Holt Limited Liability Company Dba Holt Prns Lp has 12,835 shares for 0.15% of their portfolio. Rand Wealth Limited Co reported 46,635 shares stake. Global X Mngmt Llc invested in 11,535 shares or 0.01% of the stock. Guggenheim Capital Ltd has invested 0.1% in National Oilwell Varco, Inc. (NYSE:NOV). Estabrook Capital invested 0.19% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Great Lakes Advsr Ltd Liability Corp stated it has 1.42% in National Oilwell Varco, Inc. (NYSE:NOV).

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on February, 5 after the close. They expect $-0.04 EPS, up 73.33% or $0.11 from last year’s $-0.15 per share. After $-0.07 actual EPS reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth.

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