Factory Mutual Insurance Company Has Raised Its Hess (HES) Holding; 1ST Source (SRCE) Has 1.13 Sentiment

February 15, 2018 - By wolcottdaily

1st Source Corporation operates as the bank holding firm for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. The company has market cap of $1.31 billion. The Company’s consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; on-line and mobile banking products; automated teller machine services; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other consultative services. It has a 19.36 P/E ratio. The firm also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and acquisition financing; and commercial leasing, treasury management, and retirement planning services.

Factory Mutual Insurance Company increased Hess Corp (HES) stake by 1.43% reported in 2017Q3 SEC filing. Factory Mutual Insurance Company acquired 11,000 shares as Hess Corp (HES)’s stock declined 5.45%. The Factory Mutual Insurance Company holds 782,000 shares with $36.67 million value, up from 771,000 last quarter. Hess Corp now has $14.42B valuation. The stock increased 6.00% or $2.57 during the last trading session, reaching $45.37. About 6.30 million shares traded or 42.31% up from the average. Hess Corporation (NYSE:HES) has declined 14.55% since February 15, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.12, from 1 in 2017Q2. It is negative, as 43 investors sold HES shares while 162 reduced holdings. 48 funds opened positions while 133 raised stakes. 254.48 million shares or 1.67% more from 250.30 million shares in 2017Q2 were reported. Barrow Hanley Mewhinney & Strauss Limited Co reported 4.23M shares stake. 169 are held by Parkside National Bank & Trust. Artemis Investment Mgmt Limited Liability Partnership invested in 1.34 million shares or 1.29% of the stock. Wetherby Asset Mgmt has 0.03% invested in Hess Corporation (NYSE:HES). Tarbox Family Office Incorporated stated it has 37 shares or 0% of all its holdings. Wesbanco Bancorporation Inc invested 0.01% of its portfolio in Hess Corporation (NYSE:HES). Sumitomo Life Insur reported 0.05% in Hess Corporation (NYSE:HES). State Street Corp has invested 0.06% in Hess Corporation (NYSE:HES). 5,045 were reported by Vident Advisory Limited Liability Company. Trillium Asset Mngmt Ltd Llc invested in 63,098 shares or 0.17% of the stock. Bbt Management Ltd Liability Corp has 0.27% invested in Hess Corporation (NYSE:HES) for 40,000 shares. Sg Americas Securities Ltd Llc has invested 0.05% in Hess Corporation (NYSE:HES). Mufg Americas stated it has 0.2% of its portfolio in Hess Corporation (NYSE:HES). Sumitomo Mitsui Trust Hldg holds 847,384 shares. Rampart Investment Mngmt Lc invested in 0.05% or 3,426 shares.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, February 12 the stock rating was upgraded by Credit Suisse to “Neutral”. On Tuesday, January 16 the stock rating was maintained by Cowen & Co with “Hold”. J.P. Morgan downgraded the stock to “Sell” rating in Friday, December 15 report. The firm has “Buy” rating by Piper Jaffray given on Tuesday, November 21. Wolfe Research upgraded the stock to “Outperform” rating in Tuesday, April 11 report. The rating was maintained by JP Morgan with “Neutral” on Monday, January 25. The stock of Hess Corporation (NYSE:HES) has “Buy” rating given on Saturday, August 8 by Zacks. BMO Capital Markets maintained Hess Corporation (NYSE:HES) on Tuesday, February 6 with “Hold” rating. BMO Capital Markets maintained the shares of HES in report on Monday, June 26 with “Hold” rating. The company was maintained on Monday, September 25 by Cowen & Co.

Since August 24, 2017, it had 0 insider buys, and 9 sales for $5.74 million activity. Another trade for 1,919 shares valued at $85,261 was made by Lowery-Yilmaz Barbara J on Thursday, February 8. Hill Gregory P. also sold $280,442 worth of Hess Corporation (NYSE:HES) on Thursday, February 8. Another trade for 4,567 shares valued at $202,075 was made by Goodell Timothy B. on Thursday, February 8. On Thursday, February 8 Turner Michael R sold $85,039 worth of Hess Corporation (NYSE:HES) or 1,914 shares. $150,262 worth of stock was sold by RIELLY JOHN P on Thursday, February 8. $4.15M worth of Hess Corporation (NYSE:HES) was sold by HESS JOHN B. Shares for $255,180 were sold by Truelove Brian D. on Monday, September 18.

Factory Mutual Insurance Company decreased United Contl Hldgs Inc (NYSE:UAL) stake by 20,000 shares to 428,300 valued at $26.08M in 2017Q3. It also reduced Johnson Ctls Intl Plc stake by 20,000 shares and now owns 151,900 shares. Applied Matls Inc (NASDAQ:AMAT) was reduced too.

The stock increased 1.49% or $0.74 during the last trading session, reaching $50.33. About 30,123 shares traded. 1st Source Corporation (SRCE) has risen 36.45% since February 15, 2017 and is uptrending. It has outperformed by 19.75% the S&P500.

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