Suvretta Capital Management Boosted Its United Technologies (UTX) Position by $81.28 Million as Market Value Declined; Exxon Mobil (XOM) Stake Held by Stonebridge Capital Advisors Llc

June 18, 2018 - By Marie Mckinney

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Aaron Cowen increased its stake in United Technologies Corp (UTX) by 32.46% based on its latest 2018Q1 regulatory filing with the SEC. Suvretta Capital Management Llc bought 650,240 shares as the company’s stock declined 6.23% with the market. The hedge fund run by Aaron Cowen held 2.65M shares of the aerospace company at the end of 2018Q1, valued at $333.85M, up from 2.00M at the end of the previous reported quarter. Suvretta Capital Management Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $101.86 billion market cap company. The stock increased 0.32% or $0.4 during the last trading session, reaching $127.31. About 1.66M shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 18, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: 16/03/2018 – CORRECT: UNITED TECH SEES 2018 ADJ. EPS $6.85-$7.10, EST. $7.12; 04/05/2018 – UTC gains EU antitrust approval to buy Rockwell Collins; 04/05/2018 – Rockwell Collins/UTC glides towards US conditional approval, sources say [19:13 BST04 May 2018] [Proprietary] []; 24/04/2018 – UNITED TECHNOLOGIES CORP UTX.N SEES FY 2018 SALES $63 BLN TO $64.5 BLN; 02/05/2018 – UTX, GE: An A320 of Viva aerobus with problems in Merida. – ! $UTX $GE; 23/05/2018 – UNITED TECHNOLOGIES TO MAKE $15B INVESTMENT IN U.S. NEXT 5 YRS; 19/03/2018 – United Tech CEO plans exit after Rockwell integration – Bloomberg; 24/04/2018 – United Technologies 1Q EPS $1.62; 23/05/2018 – United Tech: Most Job Openings Will Result From Retirements, Normal Turnover; 23/05/2018 – United Technologies: About $9B of Investment Will Go Toward R&D

Stonebridge Capital Advisors Llc increased its stake in Exxon Mobil Corp (XOM) by 7.44% based on its latest 2018Q1 regulatory filing with the SEC. Stonebridge Capital Advisors Llc bought 5,274 shares as the company’s stock declined 0.16% with the market. The institutional investor held 76,136 shares of the integrated oil company at the end of 2018Q1, valued at $5.68 million, up from 70,862 at the end of the previous reported quarter. Stonebridge Capital Advisors Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $343.32B market cap company. The stock increased 0.53% or $0.43 during the last trading session, reaching $81.09. About 5.11 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since June 18, 2017 and is downtrending. It has underperformed by 16.29% the S&P500. Some Historical XOM News: 27/04/2018 – Mixed Oil Fortunes: Exxon Misses, Chevron Crushes Estimates; 21/03/2018 – BP, EXXON, HESS SUBMIT BIDS IN U.S. GULF OIL LEASE SALE; 07/03/2018 – FOCUS-Exxon CEO struggles to reverse Tillerson’s legacy of failed bets; 29/03/2018 – DUTCH GOVERNMENT: REDUCTION TO 12 BCM GRONINGEN GAS PRODUCTION COULD COME BEFORE OCTOBER 2022; 28/05/2018 – Storm Alberto weakens as it makes landfall on Florida Panhandle; 12/04/2018 – Oil Search, Santos say PNG LNG project resumes production after quake; 07/03/2018 – EXXONMOBIL – BY 2025 EXPECTS CASH FLOW COULD GROW 90 PCT AT 2017 OIL PRICES; 27/04/2018 – ExxonMobil profits jump 16% on oil rebound; 30/05/2018 – EXXON CEO DARREN WOODS CLOSES ANNUAL GENERAL MEETING IN DALLAS; 07/05/2018 – KAZAKHSTAN KASHAGAN OILFIELD SEES PRODUCTION DECLINING IN JULY DUE TO 2-WEEK MAINTENANCE ON BOLASHAK COMPLEX IN JULY -ENERGY MINISTRY

More important recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies’ Accelerating Growth” on June 08, 2018, also Seekingalpha.com published article titled: “You’re Better Off Sitting On The Sidelines In The United Technologies And Rockwell Collins Deal”, Fool.com published: “Boeing Continues Assault on Supplier Base With New JV” on June 09, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) was released by: Seekingalpha.com and their article: “Dan Loeb Is Right: Splitting United Technologies Apart Will Unlock Value” with publication date: June 16, 2018.

Since February 22, 2018, it had 1 insider purchase, and 5 selling transactions for $2.57 million activity. Another trade for 9,000 shares valued at $1.09M was made by Reynolds Fredric G on Friday, April 27. On Thursday, February 22 the insider Bailey Robert J. sold $56,034. On Wednesday, May 2 MCDONOUGH ROBERT J sold $1.28 million worth of United Technologies Corporation (NYSE:UTX) or 10,770 shares. The insider JOHRI AKHIL sold $803,037.

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 87 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) on Thursday, April 27 with “Sector Perform” rating. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, October 13. On Wednesday, July 22 the stock rating was maintained by Argus Research with “Buy”. Jefferies maintained United Technologies Corporation (NYSE:UTX) rating on Monday, January 8. Jefferies has “Buy” rating and $152.0 target. The stock of United Technologies Corporation (NYSE:UTX) has “Overweight” rating given on Monday, February 26 by Barclays Capital. RBC Capital Markets maintained the shares of UTX in report on Friday, April 6 with “Buy” rating. UBS maintained the stock with “Buy” rating in Thursday, March 15 report. The stock of United Technologies Corporation (NYSE:UTX) earned “Neutral” rating by Robert W. Baird on Thursday, October 6. Citigroup maintained it with “Buy” rating and $115 target in Wednesday, October 21 report. The rating was maintained by Cowen & Co with “Hold” on Tuesday, October 10.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It increased, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. Eos Management Lp has invested 0.27% in United Technologies Corporation (NYSE:UTX). Canandaigua Retail Bank And Co stated it has 1.75% in United Technologies Corporation (NYSE:UTX). North Star Invest Management accumulated 4,111 shares. Ronna Sue Cohen holds 2,729 shares or 0.25% of its portfolio. Lombard Odier Asset Mngmt (Switzerland) accumulated 2,115 shares. Foyston Gordon & Payne has 4.38% invested in United Technologies Corporation (NYSE:UTX). Montecito Bancorp Tru stated it has 0.19% in United Technologies Corporation (NYSE:UTX). Artisan Prns Partnership holds 2.34M shares. Wealthcare Management Limited Liability Company has 0% invested in United Technologies Corporation (NYSE:UTX) for 80 shares. Paloma Management Com holds 9,535 shares. Rhumbline Advisers has 0.33% invested in United Technologies Corporation (NYSE:UTX) for 1.27M shares. Security Natl Trust Company has 1.25% invested in United Technologies Corporation (NYSE:UTX) for 29,789 shares. Timber Creek Cap Mgmt Ltd Liability Company holds 200 shares or 0.02% of its portfolio. Moreover, Optimum Inv Advsrs has 0.84% invested in United Technologies Corporation (NYSE:UTX) for 22,720 shares. Gamco Invsts Et Al holds 6,753 shares.

Suvretta Capital Management Llc, which manages about $998.31M and $3.96B US Long portfolio, decreased its stake in Alphabet Inc by 82,608 shares to 276,400 shares, valued at $285.19M in 2018Q1, according to the filing. It also reduced its holding in Adobe Sys Inc (NASDAQ:ADBE) by 559,234 shares in the quarter, leaving it with 1.70 million shares, and cut its stake in Dowdupont Inc (Call).

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “ExxonMobil: Strong Buy?” on May 29, 2018, also Seekingalpha.com with their article: “Exxon Mobil: Destined To Underperform?” published on May 22, 2018, Seekingalpha.com published: “Stocks To Watch: Don’t Sleep On Vienna” on June 16, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Bizjournals.com and their article: “5 things to know in Texas energy this week” published on June 18, 2018 as well as Fool.com‘s news article titled: “3 Stocks for Warren Buffett Fans” with publication date: June 12, 2018.

Stonebridge Capital Advisors Llc, which manages about $829.10M and $434.52 million US Long portfolio, decreased its stake in Sempra Energy (NYSE:SRE) by 4,500 shares to 6,175 shares, valued at $687,000 in 2018Q1, according to the filing. It also reduced its holding in Ishares Dj Us Energy Sector In (IYE) by 9,639 shares in the quarter, leaving it with 16,150 shares, and cut its stake in Amazon.Com Inc (NASDAQ:AMZN).

Among 27 analysts covering Exxon Mobil (NYSE:XOM), 11 have Buy rating, 5 Sell and 11 Hold. Therefore 41% are positive. Exxon Mobil had 97 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, May 11 the stock rating was upgraded by Bank of America to “Buy”. The rating was downgraded by Goldman Sachs on Monday, October 31 to “Neutral”. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Underweight” rating by Morgan Stanley on Wednesday, January 24. On Friday, July 21 the stock rating was maintained by Citigroup with “Neutral”. On Wednesday, September 6 the stock rating was upgraded by UBS to “Neutral”. Wells Fargo downgraded Exxon Mobil Corporation (NYSE:XOM) on Wednesday, January 11 to “Market Perform” rating. The rating was downgraded by HSBC on Tuesday, November 7 to “Reduce”. As per Thursday, July 6, the company rating was reinitiated by RBC Capital Markets. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Buy” rating given on Tuesday, June 13 by RBC Capital Markets. Piper Jaffray maintained the stock with “Hold” rating in Thursday, August 17 report.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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