Steadfast Capital Management LP Lowered Position in Wix Com LTD (WIX) by $5.82 Million; Hess (HES) Position Increased by Arvest Trust Company

June 20, 2018 - By Henry Gaston

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Robert Pitts decreased its stake in Wix Com Ltd (WIX) by 1.85% based on its latest 2018Q1 regulatory filing with the SEC. Steadfast Capital Management Lp sold 73,677 shares as the company’s stock rose 12.68% while stock markets declined. The hedge fund run by Robert Pitts held 3.91M shares of the programming company at the end of 2018Q1, valued at $311.20 million, down from 3.99 million at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Wix Com Ltd for a number of months, seems to be less bullish one the $4.99 billion market cap company. The stock increased 0.47% or $0.5 during the last trading session, reaching $106.5. About 602,239 shares traded or 1.67% up from the average. Wix.com Ltd. (NASDAQ:WIX) has risen 12.68% since June 20, 2017 and is uptrending. It has outperformed by 0.11% the S&P500. Some Historical WIX News: 09/05/2018 – Wix 1Q Adj Loss/Shr 5c; 09/05/2018 – WIX.COM LTD WIX.O FY2018 REV VIEW $594.0 MLN — THOMSON REUTERS l/B/E/S; 11/05/2018 – Lombard, Odier Adds Aptiv, Exits Wix.com, Buys More Alibaba: 13F; 09/03/2018 Wix.com Forms Golden Cross: Technicals; 14/05/2018 – Ci Global Investments Buys New 1.6% Position in Wix.com; 02/05/2018 – Wix.com Presenting at JPMorgan Conference May 16; 09/05/2018 – Wix Sees 2Q Rev $144M-$145M; 28/03/2018 – WIX.COM SEEKS APPROVAL FOR $80M BUYBACK PROGRAM; 09/05/2018 – Wix 1Q Rev $137.8M; 09/05/2018 – Wix 1Q Loss/Shr 42c

Arvest Trust Company increased its stake in Hess Corp (HES) by 147.33% based on its latest 2018Q1 regulatory filing with the SEC. Arvest Trust Company bought 117,417 shares as the company’s stock rose 23.82% while stock markets declined. The institutional investor held 197,112 shares of the integrated oil company at the end of 2018Q1, valued at $9.98M, up from 79,695 at the end of the previous reported quarter. Arvest Trust Company who had been investing in Hess Corp for a number of months, seems to be bullish on the $18.43 billion market cap company. The stock decreased 0.32% or $0.2 during the last trading session, reaching $61.4. About 2.63M shares traded. Hess Corporation (NYSE:HES) has risen 23.77% since June 20, 2017 and is uptrending. It has outperformed by 11.20% the S&P500. Some Historical HES News: 25/04/2018 – HESS COO GREG HILL SPEAKS ON EARNINGS CONFERENCE CALL; 08/03/2018 – Hess Corp $1 Billion Buyback in Addition to $500 Million Repurchase Plan Announced in Late 201; 08/03/2018 – HESS CORP – NEWLY AUTHORIZED PROGRAM IS IN ADDITION TO $500 MLN SHARE REPURCHASE PROGRAM HESS ANNOUNCED IN LATE 2017; 14/05/2018 – Hess at Citi Global Energy & Utilities Conference Tomorrow; 25/04/2018 – HESS CORP HES.N SAYS SALE PROCESS FOR DENMARK ASSETS IS ‘ONGOING’, DECLINES TO SAY MORE; 08/03/2018 – Hess Sets Another Buyback Amid Fight With Activist Investor; 29/05/2018 – Richland Source: Sullivan joins Whitcomb & Hess; 08/03/2018 – HESS CORP – INTENDS TO FUND REPURCHASES FROM EXISTING CASH AND PROCEEDS FROM ANNOUNCED ASSET SALES; 26/04/2018 – Hess Acquires Interest in New Acreage Offshore Guyana; 25/04/2018 – Hess Corp 1Q Rev $1.39B

Arvest Trust Company, which manages about $1.41 billion US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 17,046 shares to 974,654 shares, valued at $29.23 million in 2018Q1, according to the filing. It also reduced its holding in Union Pac Corp (NYSE:UNP) by 2,493 shares in the quarter, leaving it with 244,099 shares, and cut its stake in Lowes Cos Inc (NYSE:LOW).

Another recent and important Hess Corporation (NYSE:HES) news was published by Seekingalpha.com which published an article titled: “Oil pipeline companies, producers seek exemptions from steel tariffs” on June 19, 2018.

Among 23 analysts covering Hess Corp. (NYSE:HES), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. Hess Corp. had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Underweight” rating by JP Morgan on Friday, December 15. The company was downgraded on Thursday, April 28 by UBS. The company was upgraded on Thursday, December 8 by JP Morgan. As per Thursday, September 14, the company rating was downgraded by JP Morgan. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, January 23 report. BMO Capital Markets maintained Hess Corporation (NYSE:HES) on Tuesday, February 6 with “Hold” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, October 18. The rating was initiated by Morgan Stanley with “Equal-Weight” on Tuesday, January 12. Argus Research upgraded the stock to “Buy” rating in Tuesday, August 18 report. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Equal Weight”.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.13, from 0.94 in 2017Q4. It worsened, as 41 investors sold HES shares while 169 reduced holdings. 49 funds opened positions while 121 raised stakes. 252.61 million shares or 1.34% less from 256.03 million shares in 2017Q4 were reported. Suntrust Banks has invested 0% in Hess Corporation (NYSE:HES). The Arkansas-based Stephens Ar has invested 0.01% in Hess Corporation (NYSE:HES). Advantus holds 0.03% or 26,781 shares. Pitcairn Communication holds 5,660 shares or 0.03% of its portfolio. Massmutual Trust Fsb Adv reported 88 shares or 0% of all its holdings. Financial Counselors reported 0.32% in Hess Corporation (NYSE:HES). Bankshares holds 0.01% or 8,876 shares in its portfolio. Arizona State Retirement invested in 108,632 shares or 0.06% of the stock. Asset One accumulated 436,640 shares. Thrivent For Lutherans holds 11,271 shares or 0% of its portfolio. Kentucky Retirement Insur Tru Fund has 6,131 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Corp owns 0.34% invested in Hess Corporation (NYSE:HES) for 4.18M shares. Markston Intl Limited Liability owns 57,940 shares for 0.32% of their portfolio. Swiss Natl Bank reported 914,365 shares. Ls Investment Advsr Limited Liability, Michigan-based fund reported 8,968 shares.

Since February 8, 2018, it had 11 buys, and 15 sales for $8.38 million activity. $25,016 worth of Hess Corporation (NYSE:HES) was bought by Reynolds Fredric G. Meyers Kevin Omar had bought 516 shares worth $25,016 on Tuesday, March 6. Quigley James H. also bought $25,016 worth of Hess Corporation (NYSE:HES) on Tuesday, March 6. COLEMAN LEONARD S JR bought $25,016 worth of stock or 516 shares. LAVIZZO-MOUREY RISA J bought $25,016 worth of stock. $2.48 million worth of Hess Corporation (NYSE:HES) was sold by HESS JOHN B.

Steadfast Capital Management Lp, which manages about $8.17B and $5.65 billion US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 278,967 shares to 4.07M shares, valued at $371.59 million in 2018Q1, according to the filing. It also increased its holding in Csx Corp (NYSE:CSX) by 331,456 shares in the quarter, for a total of 4.88 million shares, and has risen its stake in Corning Inc (NYSE:GLW).

Analysts await Wix.com Ltd. (NASDAQ:WIX) to report earnings on July, 26. They expect $-0.19 EPS, up 26.92% or $0.07 from last year’s $-0.26 per share. After $-0.42 actual EPS reported by Wix.com Ltd. for the previous quarter, Wall Street now forecasts -54.76% EPS growth.

More news for Wix.com Ltd. (NASDAQ:WIX) were recently published by: Seekingalpha.com, which released: “Wix.Com: Buy This Industry Disruptor” on June 19, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within Wix, AxoGen, YPF Sociedad Anonima, Orix Corp Ads, Travelport Worldwide …” and published on June 04, 2018 is yet another important article.

Among 18 analysts covering Wix.com (NASDAQ:WIX), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Wix.com had 46 analyst reports since August 6, 2015 according to SRatingsIntel. Cantor Fitzgerald initiated Wix.com Ltd. (NASDAQ:WIX) rating on Wednesday, October 19. Cantor Fitzgerald has “Buy” rating and $52 target. The rating was maintained by Barclays Capital with “Buy” on Thursday, February 15. JMP Securities maintained it with “Market Outperform” rating and $100 target in Wednesday, June 6 report. As per Thursday, April 13, the company rating was downgraded by Raymond James. The stock has “Buy” rating by Jefferies on Monday, May 7. KeyBanc Capital Markets maintained the shares of WIX in report on Monday, March 19 with “Overweight” rating. The stock of Wix.com Ltd. (NASDAQ:WIX) has “Neutral” rating given on Tuesday, April 11 by Cantor Fitzgerald. On Thursday, November 9 the stock rating was downgraded by Wedbush to “Neutral”. The stock of Wix.com Ltd. (NASDAQ:WIX) has “Buy” rating given on Thursday, September 21 by Northland Capital. SunTrust maintained the stock with “Buy” rating in Monday, November 6 report.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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