Town & Country Bank & Trust Company Dba First Bankers Trust Company Decreased General Electric Co (GE) Holding by $348,725 as Stock Price Declined; Brenham Capital Management LP Decreased Its Wpx Energy (WPX) Holding by $20.30 Million as Market Valuation Rose

June 21, 2018 - By Adrian Erickson

General Electric Company (NYSE:GE) Logo

Town & Country Bank & Trust Company Dba First Bankers Trust Company decreased its stake in General Electric Co (GE) by 21.89% based on its latest 2018Q1 regulatory filing with the SEC. Town & Country Bank & Trust Company Dba First Bankers Trust Company sold 26,825 shares as the company’s stock declined 0.14% with the market. The institutional investor held 95,692 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $1.29M, down from 122,517 at the end of the previous reported quarter. Town & Country Bank & Trust Company Dba First Bankers Trust Company who had been investing in General Electric Co for a number of months, seems to be less bullish one the $111.87B market cap company. The stock decreased 0.54% or $0.07 during the last trading session, reaching $12.88. About 96.43 million shares traded or 41.80% up from the average. General Electric Company (NYSE:GE) has declined 46.78% since June 21, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 17/04/2018 – One dead after engine explodes midair on Southwest flight; 12/03/2018 – GE’s Asset Sales Appear to Advance but Hurdles Remain; 25/04/2018 – Global LED Industrial Lighting Market 2018-2022 with CREE, Dialight, Eaton & General Electric Dominating – ResearchAndMarkets.com; 16/04/2018 – GENERAL ELECTRIC CO – DEAL VALUED AT MORE THAN $300 MILLION; 17/04/2018 – FDA: GE Medical Systems Ultrasound & Primary Care Diagnostics, LL- GE Healthcare Lunar: a) DPX Duo, Model Number: LU41693 b) DP; 20/04/2018 – Southwest challenged engine maker over speed of safety checks; 13/04/2018 – GE – CHANGES TO LONG-TERM SERVICE AGREEMENT ACCOUNTING SIGNIFICANTLY IMPACTED ALL INDUSTRIAL BUSINESSES EXCEPT RENEWABLE ENERGY, HEALTHCARE, CURRENT & LIGHTING; 11/04/2018 – FLYNAS SIGNS AGREEMENT WITH CFM INTERNATIONAL FOR LEAP-1A ENGINES; 23/05/2018 – GENERAL ELECTRIC SAYS PLANNING TO EXIT 2018 WITH $15 BLN PLUS OF INDUSTRIAL CASH; 20/04/2018 – General Electric met with the Department of Justice last month

Brenham Capital Management Lp decreased its stake in Wpx Energy Inc (WPX) by 16.38% based on its latest 2018Q1 regulatory filing with the SEC. Brenham Capital Management Lp sold 1.45M shares as the company’s stock rose 16.63% while stock markets declined. The institutional investor held 7.40 million shares of the energy company at the end of 2018Q1, valued at $109.37 million, down from 8.85 million at the end of the previous reported quarter. Brenham Capital Management Lp who had been investing in Wpx Energy Inc for a number of months, seems to be less bullish one the $7.18 billion market cap company. The stock increased 1.76% or $0.31 during the last trading session, reaching $17.97. About 7.10M shares traded. WPX Energy, Inc. (NYSE:WPX) has risen 49.36% since June 21, 2017 and is uptrending. It has outperformed by 36.79% the S&P500. Some Historical WPX News: 26/03/2018 – WPX ENERGY INC CHIEF EXECUTIVE RICK MUNCRIEF SAYS EXPECTS DEMAND FOR CRUDE OIL TO REMAIN ‘TREMENDOUS’; 17/04/2018 – WPX ENERGY SAYS $328.7M 2020 NOTES VALIDLY TENDERED; 09/05/2018 – Moody’s Rates Wpx Energy’s Proposed Senior Notes B1; 09/05/2018 – WPX ENERGY INC WPX.N SAYS NOTES WERE PRICED AT 100.000% OF PAR; 02/05/2018 – WPX ENERGY 1Q ADJ LOSS/SHR CONT OPS 6C, EST. LOSS/SHR 2C; 17/04/2018 – WPX Energy: $628.4 M Aggregate Principal Amount of the 2022 Notes Were Validly Tendered; 16/03/2018 – Moody’s Upgrades Wpx Energy’s Cfr To Ba3; Stable Outlook; 17/05/2018 – WPX Energy Favored by 8 Hedge Funds, 13Fs Show; 06/03/2018 Glancy Prongay & Murray LLP Commences Investigation on Behalf of WPX Energy, Inc. (WPX) Investors; 30/04/2018 – Williston Basin Adds WPX Energy, Exits Cimarex

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 EPS, down 39.29% or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48 billion for 18.94 P/E if the $0.17 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

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

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It increased, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Montgomery Inv Mgmt holds 47,533 shares. Aviva Public Limited Com owns 5.49M shares for 0.45% of their portfolio. Moreover, Louisiana State Employees Retirement Sys has 0.33% invested in General Electric Company (NYSE:GE). Seabridge Inv Advisors Llc holds 53,586 shares or 0.16% of its portfolio. Inv Advsrs Limited Liability Corp reported 306,640 shares. 74,921 were reported by Hartline Investment. Harvey Inv Ltd Liability Corporation owns 166,898 shares for 0.42% of their portfolio. Hudson Valley Advsr Incorporated Adv owns 121,863 shares or 0.41% of their US portfolio. Fincl Services Corporation reported 0.44% in General Electric Company (NYSE:GE). Diversified Investment Strategies Limited Liability Company holds 1.4% or 106,232 shares. Univest Of Pennsylvania reported 21,534 shares. Moreover, Livingston Asset Management (Operating As Southport Capital Management) has 1.16% invested in General Electric Company (NYSE:GE) for 192,209 shares. First Communication invested in 0.29% or 186,681 shares. Palouse Mgmt holds 0.86% or 192,640 shares in its portfolio. North Amer Mngmt Corp holds 0.29% or 134,740 shares.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Sell” on Monday, October 30. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, October 2. Vetr upgraded it to “Buy” rating and $26.28 target in Wednesday, August 26 report. The stock has “Buy” rating by S&P Research on Monday, August 17. Standpoint Research initiated General Electric Company (NYSE:GE) on Friday, July 22 with “Sell” rating. The stock has “Buy” rating by S&P Research on Tuesday, October 20. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, February 26 with “Hold” rating. The stock has “Hold” rating by UBS on Tuesday, January 23. As per Monday, May 21, the company rating was maintained by CFRA. The firm has “Outperform” rating given on Monday, January 25 by RBC Capital Markets.

Town & Country Bank & Trust Company Dba First Bankers Trust Company, which manages about $190.07 million US Long portfolio, upped its stake in Brown Forman Corp (NYSE:BF.B) by 19,795 shares to 60,177 shares, valued at $3.27M in 2018Q1, according to the filing.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric Kicked Off The Dow – The Worst Board Of Directors In America” on June 21, 2018, also Finance.Yahoo.com with their article: “How General Electric Corporation Can Bring Good Things to Life for Bulls” published on June 05, 2018, Seekingalpha.com published: “GE Booted From The Dow, Trump Threatens China Trade War Escalation (Wall Street Breakfast Podcast)” on June 20, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE Out Of The Dow – Up We Go, Darling” published on June 20, 2018 as well as Bizjournals.com‘s news article titled: “With Intel’s help, Portland launches smart city pilot aimed at traffic safety” with publication date: June 18, 2018.

Among 34 analysts covering WPX Energy (NYSE:WPX), 32 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. WPX Energy had 127 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, October 3 by Wunderlich. The stock has “Buy” rating by BMO Capital Markets on Thursday, January 11. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, June 14 report. The stock has “Equal Weight” rating by CapitalOne on Tuesday, January 19. The stock of WPX Energy, Inc. (NYSE:WPX) has “Positive” rating given on Friday, October 30 by Susquehanna. Imperial Capital maintained the shares of WPX in report on Thursday, February 18 with “Outperform” rating. The firm earned “Sector Perform” rating on Monday, January 25 by Iberia Capital Partners. The company was initiated on Wednesday, December 9 by Cowen & Co. The rating was maintained by Stifel Nicolaus on Wednesday, March 28 with “Buy”. As per Wednesday, April 18, the company rating was maintained by Piper Jaffray.

Analysts await WPX Energy, Inc. (NYSE:WPX) to report earnings on August, 1. They expect $0.01 EPS, up 107.14% or $0.15 from last year’s $-0.14 per share. WPX’s profit will be $4.00 million for 449.25 P/E if the $0.01 EPS becomes a reality. After $-0.06 actual EPS reported by WPX Energy, Inc. for the previous quarter, Wall Street now forecasts -116.67% EPS growth.

WPX Energy, Inc. (NYSE:WPX) Institutional Positions Chart

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