Banced Corp Has $360,000 Stake in Cameron International Co. (CAM)
Banced Corp reduced its position in Cameron International Co. (NYSE:CAM) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,702 shares of the company’s stock after selling 223 shares during the period. Banced Corp’s holdings in Cameron International were worth $360,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CAM. Indiana Trust & Investment Management Company raised its position in Cameron International by 5.9% in the fourth quarter. Indiana Trust & Investment Management Company now owns 4,965 shares of the company’s stock worth $248,000 after buying an additional 275 shares during the last quarter. Creative Planning raised its position in Cameron International by 495.1% in the fourth quarter. Creative Planning now owns 9,742 shares of the company’s stock worth $616,000 after buying an additional 8,105 shares during the last quarter. KBC Group raised its position in Cameron International by 14.1% in the third quarter. KBC Group now owns 30,043 shares of the company’s stock worth $1,842,000 after buying an additional 3,722 shares during the last quarter. Harvest Management acquired a new position in Cameron International during the third quarter worth approximately $2,054,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft acquired a new position in Cameron International during the third quarter worth approximately $3,916,000.
Cameron International Co. (NYSE:CAM) traded down 2.43% on Monday, reaching $59.11. The company’s stock had a trading volume of 2,834,243 shares. Cameron International Co. has a 12 month low of $39.52 and a 12 month high of $71.22. The firm has a market cap of $11.29 billion and a P/E ratio of 18.13. The firm’s 50 day moving average is $62.12 and its 200-day moving average is $60.81.
A number of equities analysts have recently commented on the company. Seaport Global Securities lifted their price objective on Cameron International from $64.00 to $69.00 in a research note on Wednesday, October 28th. Barclays upgraded Cameron International from an “equal weight” rating to an “outperform” rating and lifted their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, December 3rd. Deutsche Bank lifted their price objective on Cameron International from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 10th. Iberia Capital lifted their price objective on Cameron International from $67.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Monday, October 26th. Finally, Guggenheim upgraded Cameron International from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Monday, November 30th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the stock. Cameron International presently has a consensus rating of “Hold” and a consensus target price of $73.00.
In other news, General Counsel William C. Lemmer sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $70.36, for a total transaction of $703,600.00. Following the transaction, the general counsel now directly owns 74,970 shares of the company’s stock, valued at $5,274,889.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Hunter W. Jones sold 2,016 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $70.80, for a total transaction of $142,732.80. Following the transaction, the vice president now directly owns 29,191 shares in the company, valued at $2,066,722.80. The disclosure for this sale can be found here.
Cameron International Corporation (NYSE:CAM), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil. The Drilling segment is a global supplier of integrated drilling systems. The V&M segment’s businesses provide valves and measurement systems. Its businesses serve portions of the upstream, midstream and downstream markets.
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