Capital Management Continues to Hold Position in Fastenal Co (FAST); As Chevron New (CVX) Share Value Rose, Atalanta Sosnoff Capital Cut Stake

Fastenal Company (NASDAQ:FAST) Logo

Atalanta Sosnoff Capital Llc decreased its stake in Chevron Corp New (CVX) by 7.66% based on its latest 2018Q3 regulatory filing with the SEC. Atalanta Sosnoff Capital Llc sold 43,977 shares as the company’s stock rose 0.40% while stock markets declined. The institutional investor held 529,776 shares of the integrated oil company at the end of 2018Q3, valued at $64.78M, down from 573,753 at the end of the previous reported quarter. Atalanta Sosnoff Capital Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $224.67B market cap company. The stock decreased 0.55% or $0.65 during the last trading session, reaching $117.58. About 5.67 million shares traded. Chevron Corporation (NYSE:CVX) has declined 3.92% since February 9, 2018 and is downtrending. It has underperformed by 3.92% the S&P500. Some Historical CVX News: 07/05/2018 – KAZAKHSTAN’S TENGIZCHEVROIL PLANS TO CUT OIL OUTPUT AT ITS TENGIZ OILFIELD BY 500,000 T IN AUG AND BY 380,000 T IN OCT DUE TO PLANNED MAINTENANCE -ENERGY MINISTRY; 27/04/2018 – CHEVRON CORP CVX.N CFO SAYS ‘FEELS GOOD’ ABOUT PLANS FOR 20 DRILLING RIGS IN PERMIAN BASIN; 31/03/2018 – Cal EMA Spills: SPILL Report – Chevron – 03/31/2018 05:38 PM; 04/04/2018 – Microsoft Highlights Success With Customers Like Steelcase, Chevron and Johnson Control; 25/05/2018 – Gibraltar Supreme Court Awards Chevron $38 Million Against Ecuadorian Conspirators; 12/03/2018 – Chevron Phillips Chemical Successfully Starts New Ethane Cracker in Baytown, Texas; 20/04/2018 – INDONESIA’S PERTAMINA HAS SIGNED AGREEMENTS TO TAKE OVER 8 EXPIRING OIL BLOCKS PREVIOUSLY HELD BY CHEVRON AND INPEX, AMONG OTHERS -ENERGY MINISTRY; 29/04/2018 – ARAMCO NAMES EX-CHEVRON PHILIPS CEO PETER CELLA TO BOARD; 10/04/2018 – Cal EMA Spills: SPILL Report – Chevron – 04/10/2018 05:27 PM; 07/05/2018 – KAZAKHSTAN’S KARACHAGANAK OILFIELD PLANS 25-DAY MAINTENANCE IN SEPT-OCT 18 -ENERGY MINISTRY

Capital Management Corp increased its stake in Fastenal Co (FAST) by 38.86% based on its latest 2018Q3 regulatory filing with the SEC. Capital Management Corp bought 72,990 shares as the company’s stock declined 6.10% with the market. The institutional investor held 260,816 shares of the building materials company at the end of 2018Q3, valued at $15.13M, up from 187,826 at the end of the previous reported quarter. Capital Management Corp who had been investing in Fastenal Co for a number of months, seems to be bullish on the $17.35B market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $60.68. About 2.67M shares traded. Fastenal Company (NASDAQ:FAST) has risen 1.45% since February 9, 2018 and is uptrending. It has outperformed by 1.45% the S&P500. Some Historical FAST News: 11/04/2018 – ADVISORY-Alert on Fastenal Co wrongly tagged to Namaste Technologies; 09/05/2018 – Fastenal Presenting at Macquarie Group Conference Tomorrow; 09/04/2018 – Fastenal Co expected to post earnings of 61 cents a share – Earnings Preview; 01/05/2018 – Fastenal Recommends Rejection of Below-Market-Price Mini-Tender Offer by TRC Cap Corp; 11/04/2018 – Fastenal 1Q-End Inventories Up 12.7%; 11/04/2018 – Fastenal 1Q EPS 61c

Since September 13, 2018, it had 0 buys, and 5 insider sales for $3.35 million activity.

Investors sentiment increased to 1.05 in Q3 2018. Its up 0.02, from 1.03 in 2018Q2. It increased, as 49 investors sold CVX shares while 648 reduced holdings. 121 funds opened positions while 611 raised stakes. 1.18 billion shares or 1.47% less from 1.19 billion shares in 2018Q2 were reported. Aureus Asset Mgmt Llc holds 0.12% or 7,967 shares in its portfolio. 2,477 were accumulated by Kingfisher Capital Limited Liability Company. Tudor Et Al holds 12,252 shares or 0.04% of its portfolio. Overbrook Mgmt owns 5,589 shares for 0.13% of their portfolio. M Hldg Secs invested 0.68% in Chevron Corporation (NYSE:CVX). 291,206 were reported by Whittier Tru. Campbell Newman Asset Mngmt Inc holds 0.11% in Chevron Corporation (NYSE:CVX) or 6,036 shares. Ing Groep Nv stated it has 449,227 shares or 0.95% of all its holdings. Griffin Asset invested 2.04% in Chevron Corporation (NYSE:CVX). Moreover, M Kraus Co has 0.98% invested in Chevron Corporation (NYSE:CVX). Davis R M holds 0.14% or 32,644 shares. Guinness Atkinson Asset invested in 0.7% or 8,900 shares. Wg Shaheen And Assoc Dba Whitney And holds 1.41% or 49,125 shares. Bingham Osborn & Scarborough Ltd Liability Company accumulated 18,181 shares. First Bank Of Omaha invested in 185,973 shares.

Among 37 analysts covering Chevron Corporation (NYSE:CVX), 29 have Buy rating, 0 Sell and 8 Hold. Therefore 78% are positive. Chevron Corporation had 134 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of CVX in report on Monday, November 2 with “Neutral” rating. Macquarie Research initiated Chevron Corporation (NYSE:CVX) rating on Wednesday, September 23. Macquarie Research has “Underperform” rating and $65 target. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, October 18. The rating was maintained by Cowen & Co with “Buy” on Thursday, February 22. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Jefferies on Wednesday, April 12. HSBC upgraded the shares of CVX in report on Monday, June 5 to “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) has “Hold” rating given on Thursday, January 18 by HSBC. The firm has “Sector Outperform” rating given on Monday, December 14 by Howard Weil. The rating was upgraded by BNP Paribas to “Hold” on Monday, August 7. On Tuesday, August 4 the stock rating was downgraded by S&P Research to “Hold”.

Atalanta Sosnoff Capital Llc, which manages about $2.46 billion and $3.34 billion US Long portfolio, upped its stake in United Parcel Services Inc (NYSE:UPS) by 14,400 shares to 96,356 shares, valued at $11.25 million in 2018Q3, according to the filing. It also increased its holding in Csx Corp (NYSE:CSX) by 12,724 shares in the quarter, for a total of 571,617 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

More notable recent Chevron Corporation (NYSE:CVX) news were published by: which released: “Amazon.com, Inc. (NASDAQ:AMZN), Chevron Corporation (NYSE:CVX) – Mixed Signals From Payrolls Data Helps Put The Brakes On Market Momentum – Benzinga” on February 01, 2019, also Seekingalpha.com with their article: “Chevron halts operations at Gorgon LNG’s Train 3 – Seeking Alpha” published on January 16, 2019, Forbes.com published: “Chevron Will Spend $10B On Quick Yield Wells So Where From Here For Its Share Price – Forbes” on January 16, 2019. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Fool.ca and their article: “Chevron Corporation (NYSE:CVX) Just Validated the Strategy of Canadian Natural Resources Ltd (TSX:CNQ) – The Motley Fool Canada” published on January 12, 2019 as well as Seekingalpha.com‘s news article titled: “Chevron sells majority stake in Brazil’s Frade field – Seeking Alpha” with publication date: January 30, 2019.

Investors sentiment is 1.04 in Q3 2018. Its the same as in 2018Q2. It has no change, as 31 investors sold FAST shares while 221 reduced holdings. only 81 funds opened positions while 181 raised stakes. 233.70 million shares or 1.46% less from 237.15 million shares in 2018Q2 were reported. Aviva Public Ltd Company has 205,025 shares for 0.07% of their portfolio. Moreover, Ubs Asset Management Americas has 0% invested in Fastenal Company (NASDAQ:FAST) for 1.08 million shares. Millennium Llc owns 1.76 million shares for 0.13% of their portfolio. Connor Clark And Lunn Investment reported 208,925 shares. Kdi Ptnrs Limited Co accumulated 2.17% or 118,077 shares. Rand Wealth Ltd holds 0.03% or 4,240 shares in its portfolio. Twin Capital Inc holds 61,722 shares or 0.16% of its portfolio. 876,200 were accumulated by New York State Common Retirement Fund. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.04% or 74,614 shares. Ibm Retirement Fund invested 0.06% of its portfolio in Fastenal Company (NASDAQ:FAST). Moreover, Norinchukin Fincl Bank The has 0.03% invested in Fastenal Company (NASDAQ:FAST) for 38,529 shares. Metropolitan Life, New York-based fund reported 56,584 shares. Schroder Grp Inc stated it has 0.03% of its portfolio in Fastenal Company (NASDAQ:FAST). Clearbridge Lc reported 0.03% of its portfolio in Fastenal Company (NASDAQ:FAST). Financial Bank Of America Corp De holds 1.39M shares or 0.01% of its portfolio.

Capital Management Corp, which manages about $401.58M and $391.43M US Long portfolio, decreased its stake in Stamps Com Inc (NASDAQ:STMP) by 3,929 shares to 42,841 shares, valued at $9.69M in 2018Q3, according to the filing. It also reduced its holding in Lamar Advertising Co New (NASDAQ:LAMR) by 8,875 shares in the quarter, leaving it with 116,119 shares, and cut its stake in Royal Caribbean Cruises Ltd (NYSE:RCL).

More notable recent Fastenal Company (NASDAQ:FAST) news were published by: Forbes.com which released: “Even In The iPhone Age, Funko’s Fast-Moving Toy Business Is Thriving – Forbes” on January 11, 2019, also Nasdaq.com with their article: “Nidec Completed Acquisition of Systeme + Steuerungen GmbH and Its Group Companies – Nasdaq” published on February 05, 2019, Nasdaq.com published: “Sprint sues AT&T over 5G branding – Nasdaq” on February 08, 2019. More interesting news about Fastenal Company (NASDAQ:FAST) were released by: Nasdaq.com and their article: “Fastenal Company (FAST) Ex-Dividend Date Scheduled for January 30, 2019 – Nasdaq” published on January 29, 2019 as well as Nasdaq.com‘s news article titled: “5 Fast-Growing AI Stocks to Win Big in 2019 – Nasdaq” with publication date: January 21, 2019.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart

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