As Hess (HES) Share Value Declined, Price Michael F Trimmed Holding by $6.44 Million; As Ecolab (ECL) Market Value Rose, State Farm Mutual Automobile Insurance Company Increased Stake

February 23, 2018 - By Marie Mckinney

Michael Price decreased its stake in Hess Corporation (HES) by 27.72% based on its latest 2017Q3 regulatory filing with the SEC. Price Michael F sold 140,000 shares as the company’s stock declined 5.45% while stock markets rallied. The hedge fund run by Michael Price held 365,000 shares of the integrated oil company at the end of 2017Q3, valued at $17.12 million, down from 505,000 at the end of the previous reported quarter. Price Michael F who had been investing in Hess Corporation for a number of months, seems to be less bullish one the $14.96 billion market cap company. The stock increased 4.09% or $1.85 during the last trading session, reaching $47.08. About 5.48M shares traded or 21.38% up from the average. Hess Corporation (NYSE:HES) has declined 14.55% since February 23, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

State Farm Mutual Automobile Insurance Company increased its stake in Ecolab Inc (ECL) by 19.21% based on its latest 2017Q3 regulatory filing with the SEC. State Farm Mutual Automobile Insurance Company bought 6,834 shares as the company’s stock rose 2.53% with the market. The institutional investor held 42,405 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $5.45 million, up from 35,571 at the end of the previous reported quarter. State Farm Mutual Automobile Insurance Company who had been investing in Ecolab Inc for a number of months, seems to be bullish on the $37.40B market cap company. The stock decreased 0.35% or $0.45 during the last trading session, reaching $129.45. About 1.33M shares traded or 4.45% up from the average. Ecolab Inc. (NYSE:ECL) has risen 9.41% since February 23, 2017 and is uptrending. It has underperformed by 7.29% the S&P500.

Among 22 analysts covering Ecolab (NYSE:ECL), 11 have Buy rating, 1 Sell and 10 Hold. Therefore 50% are positive. Ecolab had 63 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Monday, June 5. The firm earned “Hold” rating on Monday, October 19 by Deutsche Bank. The stock of Ecolab Inc. (NYSE:ECL) has “Buy” rating given on Tuesday, August 1 by Oppenheimer. The stock of Ecolab Inc. (NYSE:ECL) has “Hold” rating given on Monday, August 14 by Jefferies. Stifel Nicolaus maintained it with “Hold” rating and $130.0 target in Wednesday, September 6 report. RBC Capital Markets maintained Ecolab Inc. (NYSE:ECL) on Thursday, January 18 with “Buy” rating. The firm has “Neutral” rating given on Wednesday, February 22 by Longbow. The firm has “Outperform” rating by RBC Capital Markets given on Friday, February 19. Jefferies maintained Ecolab Inc. (NYSE:ECL) rating on Wednesday, November 1. Jefferies has “Hold” rating and $140 target. RBC Capital Markets maintained the shares of ECL in report on Sunday, January 28 with “Buy” rating.

Investors sentiment increased to 1.19 in 2017 Q3. Its up 0.25, from 0.94 in 2017Q2. It is positive, as 31 investors sold ECL shares while 274 reduced holdings. 81 funds opened positions while 281 raised stakes. 213.37 million shares or 1.11% more from 211.02 million shares in 2017Q2 were reported. Old National Natl Bank In holds 0.12% or 17,161 shares in its portfolio. The Alaska-based State Of Alaska Department Of Revenue has invested 0.04% in Ecolab Inc. (NYSE:ECL). Services Automobile Association holds 0.05% of its portfolio in Ecolab Inc. (NYSE:ECL) for 128,253 shares. Massachusetts Fincl Services Ma holds 0.12% in Ecolab Inc. (NYSE:ECL) or 2.15 million shares. Cambridge Trust owns 75,313 shares. Avalon Advisors Ltd stated it has 53,222 shares or 0.22% of all its holdings. Albert D Mason Incorporated stated it has 3,450 shares or 0.36% of all its holdings. Blackrock Inc stated it has 15.49M shares. Commonwealth Equity Inc invested 0.03% of its portfolio in Ecolab Inc. (NYSE:ECL). 7,949 were accumulated by Jane Street Gp. 3,626 are held by Willingdon Wealth Mgmt. Redmond Asset Management Ltd Limited Liability Company invested in 0.7% or 11,966 shares. First Midwest National Bank Division accumulated 0.05% or 3,390 shares. Ibm Retirement Fund invested 0.16% in Ecolab Inc. (NYSE:ECL). Ahl Partners Limited Liability Partnership owns 0.2% invested in Ecolab Inc. (NYSE:ECL) for 86,890 shares.

Since September 14, 2017, it had 0 insider purchases, and 1 sale for $966,233 activity.

Since August 24, 2017, it had 0 buys, and 8 insider sales for $5.29 million activity. Truelove Brian D. sold $255,180 worth of stock. $280,442 worth of Hess Corporation (NYSE:HES) shares were sold by Hill Gregory P.. Lowery-Yilmaz Barbara J had sold 1,919 shares worth $85,261 on Thursday, February 8. The insider HESS JOHN B sold 93,712 shares worth $4.15 million. On Thursday, February 8 RIELLY JOHN P sold $150,262 worth of Hess Corporation (NYSE:HES) or 3,382 shares. Goodell Timothy B. sold $202,075 worth of stock.

Price Michael F, which manages about $722.19M US Long portfolio, upped its stake in S&W Seed Company (NASDAQ:SANW) by 1.31 million shares to 4.51 million shares, valued at $14.20 million in 2017Q3, according to the filing. It also increased its holding in Barnes & Noble Edu. Inc by 74,985 shares in the quarter, for a total of 402,854 shares, and has risen its stake in The Macerich Company (NYSE:MAC).

Analysts await Hess Corporation (NYSE:HES) to report earnings on April, 25. They expect $-0.54 EPS, up 49.53% or $0.53 from last year’s $-1.07 per share. After $-1.01 actual EPS reported by Hess Corporation for the previous quarter, Wall Street now forecasts -46.53% EPS growth.

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By1 Marie Mckinney

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