Williams Companies Inc (NYSE:WMB) shares are down sunstantially in late trading today as is the majority of the energy sector. As oil prices dropped close to their lowest levels in seven years, energy stocks like Williams Companies Inc (NYSE:WMB) fell as well. The stock today hit a new 52-week-low prior to bouncing back a bit. The company, which has seen its shares drop from a price north of $60 this summer seems to be oversold from a technical standpoint.
Shares are trading $1.40 higher than their intraday low which was reached only about 30 minutes ago. The stock has fallen 13.44% or $4.18 following this negative news, hitting $26.93 per share. About 19.65 million shares traded hands or 152.90% up from the average. WMB has declined 38.87% since May 4, 2015 and is downtrending. It has underperformed the S&P500 by 37.79%.
From a total of 3 analysts covering Williams Companies Inc. (NYSE:WMB) stock, 0 rate it a “Buy”, 0 a “Sell”, and 3 a “Hold”. This means that 0 of the ratings are positive. The highest target price is $49.98 while the lowest target price is $35. The mean of all analyst targets is $40.99 which is 52.21% above today’s ($26.93) stock price. Williams Companies Inc. was the topic of 7 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Howard Weil downgraded shares on September 29 to a “Sector Perform” rating. Argus Research maintained WMB stock in a recent report from August 12 with a “Buy” rating.
The institutional sentiment decreased to 0.95 in Q2 2015. It’s down 0.32, from 1.27 in 2015Q1. The ratio is negative, as 69 funds sold all their Williams Companies Inc shares they owned while 323 reduced their positions. 130 funds bought stakes while 241 increased their total positions. Institutions now own 632.12 million shares which is 1.27% less than the previous share count of 640.23 million in 2015Q1.
Corvex Management Lp holds 26.16% of its total portfolio in Williams Companies Inc, equating to 41.68 million shares. Perry Corp owns 9.55 million shares representing 17.33% of their total US portfolio. Moreover, Chickasaw Capital Management Llc has 8.62% of their total portfolio invested in the company, equating to 5.12 million shares. The New York-based Soroban Capital Partners Lp has a total of 8.2% of their portfolio invested in the stock. Jrm Investment Counsel Llc, a Nebraska-based fund reported 157,243 shares owned.
Since March 5, 2015, the stock had 0 buys, and 4 sales for a total of $2.25 million in net activity. Ewing Robyn L sold 3,405 shares worth $178,626. Pace Fred E. sold 4,388 shares worth $265,694. Scheel James E. sold 26,591 shares worth $1.61M. Billings Francis E. sold 66,694 shares worth $3.52M. The insider Perilloux Brian L. sold 20,105 shares worth $983,738.
The Williams Companies, Inc. is an energy infrastructure firm focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids , and olefins. The company has a market cap of $23.42 billion.