As Ring Energy (REI) Share Price Declined, Shareholder Phocas Financial Has Upped Holding; Honeywell Intl (HON) Share Value Declined While First Western Capital Management Company Has Lifted Holding

April 17, 2018 - By Marguerite Chambers

Honeywell International Inc. (NYSE:HON) Logo

Phocas Financial Corp increased its stake in Ring Energy Inc (REI) by 4.28% based on its latest 2017Q4 regulatory filing with the SEC. Phocas Financial Corp bought 57,388 shares as the company’s stock declined 3.07% with the market. The institutional investor held 1.40M shares of the energy company at the end of 2017Q4, valued at $19.44M, up from 1.34 million at the end of the previous reported quarter. Phocas Financial Corp who had been investing in Ring Energy Inc for a number of months, seems to be bullish on the $902.80 million market cap company. The stock increased 1.42% or $0.21 during the last trading session, reaching $14.95. About 132,865 shares traded. Ring Energy, Inc. (NYSEMKT:REI) has risen 45.39% since April 17, 2017 and is uptrending. It has outperformed by 33.84% the S&P500.

First Western Capital Management Company increased its stake in Honeywell Intl Inc (HON) by 7.83% based on its latest 2017Q4 regulatory filing with the SEC. First Western Capital Management Company bought 2,339 shares as the company’s stock declined 5.96% with the market. The hedge fund held 32,193 shares of the o.e.m. company at the end of 2017Q4, valued at $4.94 million, up from 29,854 at the end of the previous reported quarter. First Western Capital Management Company who had been investing in Honeywell Intl Inc for a number of months, seems to be bullish on the $111.25 billion market cap company. The stock increased 1.30% or $1.9 during the last trading session, reaching $148.65. About 533,819 shares traded. Honeywell International Inc. (NYSE:HON) has risen 15.94% since April 17, 2017 and is uptrending. It has outperformed by 4.39% the S&P500.

Phocas Financial Corp, which manages about $1.01B and $1.19 billion US Long portfolio, decreased its stake in Halyard Health Inc by 9,109 shares to 224,467 shares, valued at $10.37 million in 2017Q4, according to the filing. It also reduced its holding in Wintr Finl Corp (NASDAQ:WTFC) by 8,168 shares in the quarter, leaving it with 192,520 shares, and cut its stake in Ncr Corp New (NYSE:NCR).

Among 8 analysts covering Ring Energy Inc (NYSEMKT:REI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ring Energy Inc had 10 analyst reports since July 21, 2015 according to SRatingsIntel. Wunderlich maintained it with “Buy” rating and $9 target in Thursday, May 12 report. The rating was maintained by Northland Capital on Tuesday, July 28 with “Outperform”. Canaccord Genuity initiated the stock with “Buy” rating in Tuesday, October 20 report. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) earned “Buy” rating by Wunderlich on Wednesday, November 11. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, January 6. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) has “Buy” rating given on Monday, August 29 by Rodman & Renshaw. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) has “Buy” rating given on Thursday, December 21 by KLR Group.

First Western Capital Management Company, which manages about $1.41B and $176.19 million US Long portfolio, decreased its stake in Xpo Logistics Inc Com (NYSE:XPO) by 4,527 shares to 4,497 shares, valued at $412,000 in 2017Q4, according to the filing.

Since February 14, 2018, it had 0 insider purchases, and 2 sales for $874,731 activity. Another trade for 2,868 shares valued at $448,440 was sold by PARDO JAIME CHICO /FA.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.03, from 1.14 in 2017Q3. It turned negative, as 42 investors sold HON shares while 490 reduced holdings. 154 funds opened positions while 439 raised stakes. 531.30 million shares or 5.59% less from 562.75 million shares in 2017Q3 were reported. 23,215 are held by Chemical Financial Bank. Amalgamated Financial Bank accumulated 98,744 shares or 0.41% of the stock. Community Bankshares Na reported 0.08% stake. Penn Davis Mcfarland holds 0.64% or 14,321 shares. Stifel has 1.08 million shares. United Cap Fincl Advisers Ltd Liability Com invested in 53,323 shares. Argent Trust owns 3,743 shares for 0.22% of their portfolio. Busey reported 0.08% in Honeywell International Inc. (NYSE:HON). Baker Avenue Asset Mgmt Limited Partnership holds 43,247 shares or 0.64% of its portfolio. Bokf Na holds 0.43% of its portfolio in Honeywell International Inc. (NYSE:HON) for 102,949 shares. Regent Inv Ltd invested in 0.67% or 13,407 shares. Palisade Capital Mngmt Ltd Liability Corporation Nj, New Jersey-based fund reported 35,111 shares. Dodge And Cox reported 0% in Honeywell International Inc. (NYSE:HON). 62,034 were accumulated by Washington Company. Princeton Port Strategies Ltd Liability invested 0.75% of its portfolio in Honeywell International Inc. (NYSE:HON).

Ring Energy, Inc. (NYSEAMERICAN:REI) Institutional Positions Chart

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By1 Marguerite Chambers

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