Sessa Capital Im LP Has Upped Its Ally Finl (ALLY) Position by $3.63 Million; Roffman Miller Associates Cut Conocophillips (COP) Position by $544,550 as Stock Declined

February 16, 2018 - By Peter Erickson

Sessa Capital Im Lp increased its stake in Ally Finl Inc (ALLY) by 7.41% based on its latest 2017Q3 regulatory filing with the SEC. Sessa Capital Im Lp bought 151,200 shares as the company’s stock declined 19.04% while stock markets rallied. The institutional investor held 2.19 million shares of the consumer services company at the end of 2017Q3, valued at $53.20 million, up from 2.04 million at the end of the previous reported quarter. Sessa Capital Im Lp who had been investing in Ally Finl Inc for a number of months, seems to be bullish on the $12.56B market cap company. The stock increased 0.84% or $0.24 during the last trading session, reaching $28.73. About 2.17M shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 12.72% since February 16, 2017 and is uptrending. It has underperformed by 3.98% the S&P500.

Roffman Miller Associates Inc decreased its stake in Conocophillips (COP) by 14.34% based on its latest 2017Q3 regulatory filing with the SEC. Roffman Miller Associates Inc sold 10,891 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 65,040 shares of the integrated oil company at the end of 2017Q3, valued at $3.26M, down from 75,931 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $64.20B market cap company. The stock decreased 1.75% or $0.97 during the last trading session, reaching $54.54. About 6.19M shares traded or 4.26% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since February 16, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.




Among 23 analysts covering Ally Financial (NYSE:ALLY), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Ally Financial had 61 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, October 26 by BMO Capital Markets. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, May 31. The firm has “Buy” rating given on Wednesday, January 10 by Jefferies. The firm has “Buy” rating by Compass Point given on Wednesday, February 3. Morgan Stanley maintained Ally Financial Inc. (NYSE:ALLY) rating on Wednesday, January 31. Morgan Stanley has “Overweight” rating and $34 target. As per Monday, July 17, the company rating was downgraded by Stephens. The rating was downgraded by Bank of America on Friday, April 8 to “Neutral”. The firm earned “Hold” rating on Friday, January 12 by J.P. Morgan. Stephens maintained it with “Sell” rating and $27.0 target in Tuesday, January 2 report. The rating was maintained by Piper Jaffray on Thursday, July 27 with “Buy”.

Sessa Capital Im Lp, which manages about $171.01M and $908.16 million US Long portfolio, decreased its stake in Wesco Aircraft Hldgs Inc (NYSE:WAIR) by 159,262 shares to 738,318 shares, valued at $6.94 million in 2017Q3, according to the filing. It also reduced its holding in Wells Fargo Co New (NYSE:WFC) by 50,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Conduent Inc.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Wednesday, December 20. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, September 28. On Tuesday, January 23 the stock rating was maintained by Piper Jaffray with “Buy”. Piper Jaffray maintained ConocoPhillips (NYSE:COP) on Thursday, August 24 with “Buy” rating. Cowen & Co maintained it with “Buy” rating and $55.0 target in Wednesday, September 27 report. The stock of ConocoPhillips (NYSE:COP) has “Buy” rating given on Wednesday, January 11 by Societe Generale. The stock of ConocoPhillips (NYSE:COP) has “Buy” rating given on Friday, July 21 by Citigroup. The firm has “Buy” rating given on Tuesday, August 29 by Jefferies. Credit Suisse maintained ConocoPhillips (NYSE:COP) on Friday, March 31 with “” rating. Guggenheim maintained ConocoPhillips (NYSE:COP) on Wednesday, April 19 with “Neutral” rating.

Roffman Miller Associates Inc, which manages about $833.24M and $758.50 million US Long portfolio, upped its stake in Constellation Brand Class A (NYSE:STZ) by 1,996 shares to 5,642 shares, valued at $1.13M in 2017Q3, according to the filing. It also increased its holding in Pepsico Incorporated (NYSE:PEP) by 2,894 shares in the quarter, for a total of 179,490 shares, and has risen its stake in Exxon Mobil Corporation (NYSE:XOM).

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