Institutional Investor's Anti-Exxon Mobil Corp (NYSE:XOM) Sentiment In Q3 2017

Marco Green
January 14, 2018

"(NYSE:XOM) Stake Decreased by Asset Advisors Corp" was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. TD Asset Management Inc. now owns 3,653,751 shares of the company's stock worth $318,900,000 after buying an additional 182,766 shares in the last quarter. Peak6 Investments Lp sold 2,800 shares as the company's stock declined 9.84% while stock markets rallied. The firm has a market cap of $351.89 billion, a price-to-earnings ratio of 39.73 and a beta of 0.89. The stock increased 2.06% or $3.81 during the last trading session, reaching $188.72. The institutional investor owned 57,864,879 shares of the company's stock after selling 1,766,818 shares during the period.

Also, insider Sara N. Ortwein sold 5,000 shares of the business's stock in a transaction on Thursday, December 15th. Following the transaction, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. 19,500 shares were sold by Corson Bradley W, worth $1.62M.

Analysts await LendingTree, Inc. Therefore 27% are positive. Globe Specialty Metals had 29 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned "Conviction Buy" rating on Friday, March 18 by Goldman Sachs. The firm has "Outperform" rating given on Monday, August 10 by Wolfe Research. The rating was maintained by Jefferies with "Hold" on Wednesday, December 20. The rating was maintained by Keefe Bruyette & Woods on Sunday, December 10 with "Hold". Oracle Corporation (NYSE:ORCL)'s short interest is 29.55 million shares, or % of the float. The firm has "Hold" rating by Jefferies given on Tuesday, October 3. The stock of NRG Energy, Inc. On Friday, July 21 the stock rating was maintained by Citigroup with "Neutral". SunTrust maintained Comcast Corporation (NASDAQ:CMCSA) on Thursday, October 26 with "Buy" rating. Piper Jaffray maintained the stock with "Hold" rating in Thursday, August 17 report. The stock closed maximum at $87.41 over the 52 weeks but is now -1.52% away from that point. It worsened, as 18 investors sold LAD shares while 72 reduced holdings. 61 funds opened positions while 135 raised stakes. About 2.54 million shares traded. HSBC downgraded the shares of XOM in report on Tuesday, November 7 to "Reduce" rating. Capital Advsr Ltd Limited Co has invested 0% in Principal Financial Group, Inc. Private Wealth Advsrs Inc invested 1.79% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). (NYSE:WMB). Td Asset Mgmt Incorporated holds 261,555 shares or 0.01% of its portfolio. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company's stock worth $790,000 after buying an additional 3,154 shares in the last quarter. This represents a decrease of -6% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks. Eqis Capital Mgmt reported 9,778 shares or 0.09% of all its holdings. Credit Agricole S A reported 110,570 shares. Louisiana State Employees Retirement System has 0.05% invested in Lithia Motors, Inc. The firm owned 482,902 shares of the oil and gas company's stock after buying an additional 214,583 shares during the period. Old Mutual Glob Invsts (Uk) Limited accumulated 0.72% or 396,893 shares. Baldwin Brothers Ma accumulated 2,000 shares. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover XOM having a buy-equivalent rating.

Ratings analysis reveals 38% of Exxon Mobil's analysts are positive. BMO Capital Markets set a $80.00 price target on shares of Exxon Mobil and gave the company a "hold" rating in a research report on Wednesday, October 18th. The rating was upgraded by Bank of America on Thursday, May 11 to "Buy". Morgan Stanley restated an "underperform" rating on shares of Exxon Mobil in a research note on Thursday, October 19th.

Exxon Mobil Corporation has a consensus hold rating from 24 Wall Street analysts, and the number of shares now sold short amount to at least 0.84% of shares outstanding. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company's stock. Moffett Nathanson downgraded the stock to "Neutral" rating in Tuesday, June 20 report. RBC Capital Markets has "Hold" rating and $90.0 target. The company was reinitiated on Thursday, July 6 by RBC Capital Markets. The company was maintained on Wednesday, October 11 by SunTrust.

Among new and sold out positions, 104 holders initiated new positions by a total of 23.98 million shares and 83 holders exited their positions by a total of 12.14 million shares. It also increased its holding in Wageworks Ord (NYSE:WAGE) by 18,600 shares in the quarter, for a total of 25,600 shares, and has risen its stake in Insperity Ord (NYSE:NSP).

Investors sentiment increased to 1.03 in 2017 Q3. Its the same as in 2017Q2.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Callahan stated it has 144,102 shares. Vista Cap reported 0.08% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Uss Inv Ltd has invested 0.31% in Exxon Mobil Corporation (NYSE:XOM). Bessemer Group Incorporated Inc owns 12,740 shares or 0% of their United States portfolio. Main Street Ltd Llc holds 0.59% or 44,467 shares in its portfolio.

Commonwealth Equity Services Inc, which manages about $41.07B and $16.68B US Long portfolio, decreased its stake in Rydex Etf Trust (RHS) by 7,623 shares to 16,142 shares, valued at $1.98M in 2017Q3, according to the filing. Laurion Cap Mgmt Limited Partnership holds 0.03% or 74,300 shares in its portfolio. (NYSE:NKE). Thomas Story & Son Limited Liability accumulated 79,010 shares. Lowe Brockenbrough And has invested 1.06% in TE Connectivity Ltd. (NYSE:TEL). 15,062 are held by Partnervest Advisory Lc. Hourglass Capital Lc stated it has 43,826 shares or 0.86% of all its holdings. They expect $0.71 earnings per share, up 2.90% or $0.02 from last year's $0.69 per share. XOM's profit will be $4.19 billion for 21.95 P/E if the $0.99 EPS becomes a reality.

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