Dekabank Deutsche Girozentrale Has Upped Its Stake in Marathon Oil (MRO) as Share Price Declined; Cummins (CMI) Stake Boosted by Ledyard National Bank

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Ledyard National Bank increased its stake in Cummins Inc (CMI) by 1689.43% based on its latest 2018Q3 regulatory filing with the SEC. Ledyard National Bank bought 32,606 shares as the company’s stock declined 4.30% with the market. The institutional investor held 34,536 shares of the industrial machinery and components company at the end of 2018Q3, valued at $5.05M, up from 1,930 at the end of the previous reported quarter. Ledyard National Bank who had been investing in Cummins Inc for a number of months, seems to be bullish on the $22.34B market cap company. The stock increased 0.15% or $0.21 during the last trading session, reaching $139.54. About 1.15 million shares traded. Cummins Inc. (NYSE:CMI) has declined 19.50% since January 12, 2018 and is downtrending. It has underperformed by 19.50% the S&P500. Some Historical CMI News: 01/05/2018 – Cummins 1Q EPS Cut 87c by Cost of Product Campaign; 01/05/2018 – CUMMINS SEES FY REV. +10% TO +14%; 01/05/2018 – Cummins Sees 2018 Adjusted Ebitda 16,2%-16.6% of Sales; 10/05/2018 – Experienced Biotech Executive and Scientific Leader Dr. Stephen Harrison Joins Engine Biosciences as Chief Scientific Officer and Senior Vice President; 09/03/2018 – US House of Reps: March 9, 2018 10:30:38 A.M. Today’s prayer was offered by Rev. Dr. Dan C. Cummins, Peoples Church,; 01/05/2018 – Cummins: Product Campaign Subject to Regulatory Approval; 17/04/2018 – MEDIA-GE’s Jenbacher is attracting interest from Cummins, CVC – Bloomberg; 24/05/2018 – CUMMINS INDIA 4Q NET INCOME 1.61B RUPEES; 24/05/2018 – BSE Mumbai Bourse: Results from KPIT Cummins Infosystems for Jan 01 to Mar 31; 01/05/2018 – Cummins To Address Performance of Aftertreatment Component in Some On-Highway Products Produced Between 2010-2015

Dekabank Deutsche Girozentrale increased its stake in Marathon Oil Corp (MRO) by 5.97% based on its latest 2018Q3 regulatory filing with the SEC. Dekabank Deutsche Girozentrale bought 20,000 shares as the company’s stock declined 24.82% with the market. The institutional investor held 355,150 shares of the oil & gas production company at the end of 2018Q3, valued at $7.76M, up from 335,150 at the end of the previous reported quarter. Dekabank Deutsche Girozentrale who had been investing in Marathon Oil Corp for a number of months, seems to be bullish on the $13.39B market cap company. The stock decreased 1.47% or $0.24 during the last trading session, reaching $16.11. About 10.83 million shares traded. Marathon Oil Corporation (NYSE:MRO) has risen 3.80% since January 12, 2018 and is uptrending. It has outperformed by 3.80% the S&P500. Some Historical MRO News: 20/05/2018 – Libyan youth group will shut oilfields unless demands met-statement; 06/03/2018 – MARATHON OIL CORP – DOUGLAS L. FOSHEE AND M. ELISE “LISA” HYLAND HAVE BEEN ELECTED TO COMPANY’S BOARD OF DIRECTORS, EFFECTIVE APRIL 1, 2018; 02/05/2018 – Marathon Oil 1Q EPS 42c; 02/05/2018 – Marathon Oil 1Q Net $356M; 26/04/2018 – Total CEO says Libya raised no objections over Waha deal; 23/05/2018 – Protesters urge workers at Libya’s eastern Waha oilfield to stop production; 26/04/2018 – Marathon Oil Corporation Declares First Quarter 2018 Dividend; 20/03/2018 – CORRECTED-A small oil field in Oklahoma is seeing big bets from producers; 30/04/2018 – S&PGR Revises Marathon Oil Outlook To Pos; Ratings Affirmed; 24/04/2018 – US OIL & GAS EXPLORATION & PRODUCTION : CREDIT SUISSE SAYS MARATHON OIL, ANADARKO PETROLEUM, NOBLE ENERGY, VIPER ENERGY, EXTRACTION OIL & GAS AMONG TOP E&P PICKS

Dekabank Deutsche Girozentrale, which manages about $16.92B US Long portfolio, decreased its stake in Netease Com Inc (NASDAQ:NTES) by 2,430 shares to 9,913 shares, valued at $6.48M in 2018Q3, according to the filing. It also reduced its holding in Teradyne Inc (NYSE:TER) by 41,150 shares in the quarter, leaving it with 96,187 shares, and cut its stake in Credicorp Ltd (NYSE:BAP).

Since September 14, 2018, it had 0 buys, and 1 sale for $2.43 million activity.

More notable recent Marathon Oil Corporation (NYSE:MRO) news were published by: Seekingalpha.com which released: “Marathon Oil Corp: Buy This Pullback – Seeking Alpha” on August 29, 2018, also Seekingalpha.com with their article: “Crude oil rallies, reversing earlier losses – Seeking Alpha” published on January 02, 2019, Investorplace.com published: “Trade of the Day: Marathon Oil Corporation (MRO) – Investorplace.com” on September 28, 2018. More interesting news about Marathon Oil Corporation (NYSE:MRO) were released by: Seekingalpha.com and their article: “Consider Buying Marathon Oil When It Falls – Seeking Alpha” published on September 16, 2018 as well as Seekingalpha.com‘s news article titled: “Marathon Oil’s Growing Crude Volumes – Seeking Alpha” with publication date: May 09, 2018.

Among 37 analysts covering Marathon Oil Corporation (NYSE:MRO), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Marathon Oil Corporation had 130 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Instinet to “Neutral” on Thursday, December 15. Tudor Pickering upgraded the shares of MRO in report on Friday, June 8 to “Buy” rating. On Tuesday, May 31 the stock rating was upgraded by Simmons & Co to “Overweight”. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, October 10. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 19 report. The firm earned “Hold” rating on Monday, April 23 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, July 5 by Citigroup. The firm has “Buy” rating by Seaport Global given on Tuesday, December 19. The stock has “Buy” rating by Susquehanna on Wednesday, January 17. Barclays Capital maintained Marathon Oil Corporation (NYSE:MRO) rating on Monday, November 20. Barclays Capital has “Equal-Weight” rating and $15 target.

Investors sentiment decreased to 1.1 in Q3 2018. Its down 0.07, from 1.17 in 2018Q2. It dived, as 42 investors sold MRO shares while 190 reduced holdings. 93 funds opened positions while 163 raised stakes. 646.46 million shares or 1.73% less from 657.86 million shares in 2018Q2 were reported. Menta Capital Limited owns 50,493 shares. Federated Pa holds 0.07% or 1.26 million shares in its portfolio. Creative Planning owns 31,892 shares or 0% of their US portfolio. Raab Moskowitz Asset Ltd Liability Corp owns 0% invested in Marathon Oil Corporation (NYSE:MRO) for 400 shares. Wealthfront stated it has 98,712 shares or 0.02% of all its holdings. Pnc Financial Group Inc owns 0.01% invested in Marathon Oil Corporation (NYSE:MRO) for 362,616 shares. Fdx Advsr Inc holds 0.02% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 25,603 shares. Natixis has 16,995 shares. The Japan-based Fukoku Mutual Life Ins has invested 0.01% in Marathon Oil Corporation (NYSE:MRO). Moreover, Mcf Ltd Liability Co has 0% invested in Marathon Oil Corporation (NYSE:MRO). 9,102 are held by Adams Asset Advsrs Limited Liability. Ledyard Bancorporation stated it has 4,157 shares or 0.01% of all its holdings. Moreover, Hl Financial Service Lc has 0.03% invested in Marathon Oil Corporation (NYSE:MRO) for 82,642 shares. World Asset Mgmt Inc accumulated 60,224 shares. Waddell Reed reported 0.05% of its portfolio in Marathon Oil Corporation (NYSE:MRO).

Among 33 analysts covering Cummins (NYSE:CMI), 11 have Buy rating, 1 Sell and 21 Hold. Therefore 33% are positive. Cummins had 133 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Wednesday, May 2 by UBS. The rating was downgraded by Macquarie Research on Monday, April 11 to “Neutral”. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Thursday, May 3 by Bank of America. The firm has “Sell” rating given on Wednesday, October 12 by Deutsche Bank. The firm has “Neutral” rating given on Friday, May 13 by Citigroup. As per Wednesday, October 28, the company rating was maintained by Deutsche Bank. Robert W. Baird downgraded Cummins Inc. (NYSE:CMI) on Thursday, April 21 to “Underperform” rating. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Thursday, June 15 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, January 11 report. The stock of Cummins Inc. (NYSE:CMI) earned “Equal Weight” rating by Barclays Capital on Monday, January 9.

Since October 2, 2018, it had 0 insider buys, and 10 insider sales for $9.61 million activity. Ward Pat sold $670,618 worth of stock. 10,970 shares were sold by ROSE MARYA M, worth $1.70M on Monday, December 3. Another trade for 24,830 shares valued at $3.31 million was made by LINEBARGER NORMAN THOMAS on Monday, December 17. Another trade for 830 shares valued at $117,533 was sold by Satterthwaite Tony. HERMAN ALEXIS M sold 775 shares worth $111,321. The insider Cook Jill E sold 5,307 shares worth $796,050.

Investors sentiment increased to 1.25 in Q3 2018. Its up 0.34, from 0.91 in 2018Q2. It is positive, as 46 investors sold CMI shares while 243 reduced holdings. 111 funds opened positions while 249 raised stakes. 124.41 million shares or 0.77% less from 125.38 million shares in 2018Q2 were reported. Anderson Hoagland &, a Missouri-based fund reported 8,481 shares. Nelson Van Denburg & Campbell Wealth Mgmt Grp Lc owns 1,462 shares. Intl Group Incorporated, a New York-based fund reported 91,259 shares. S&T Financial Bank Pa has invested 1.76% of its portfolio in Cummins Inc. (NYSE:CMI). Opus Investment Mgmt accumulated 0.31% or 12,200 shares. Harris Assocs LP has 0.43% invested in Cummins Inc. (NYSE:CMI) for 1.90M shares. Meiji Yasuda Life Insurance, a Japan-based fund reported 5,289 shares. Voya Investment Mgmt Ltd holds 83,836 shares. Andra Ap owns 0.17% invested in Cummins Inc. (NYSE:CMI) for 46,300 shares. Millennium Mgmt Lc has 0.04% invested in Cummins Inc. (NYSE:CMI) for 241,299 shares. Endurance Wealth Mgmt Inc, a Rhode Island-based fund reported 100 shares. Yhb Advsr Inc, a Connecticut-based fund reported 15,498 shares. 2,896 were reported by Texas Yale Capital. Evermay Wealth Mgmt Ltd Llc owns 3,863 shares for 0.18% of their portfolio. Torray holds 15,410 shares.

Ledyard National Bank, which manages about $878.40M US Long portfolio, decreased its stake in Vanguard Ftse Emerging Markets Etf (VWO) by 21,237 shares to 9,006 shares, valued at $369,000 in 2018Q3, according to the filing. It also reduced its holding in Cullen Frost Bankers Inc (NYSE:CFR) by 82,266 shares in the quarter, leaving it with 2,571 shares, and cut its stake in Cisco Systems Inc (NASDAQ:CSCO).

More recent Cummins Inc. (NYSE:CMI) news were published by: Benzinga.com which released: “Clean Energy Fuels Corp. (NASDAQ:CLNE), Cummins Inc. (NYSE:CMI) – Today’s Pickup: Port Operator Secures $1 Per Gallon Natural Gas Deal For New Trucks – Benzinga” on January 08, 2019. Also Seekingalpha.com published the news titled: “Cummins: Keep On Trucking With This Undervalued Stock – Seeking Alpha” on January 08, 2019. Fool.com‘s news article titled: “What’s in Store for Caterpillar in 2019? – Motley Fool” with publication date: December 22, 2018 was also an interesting one.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart