Published: Sun, March 11, 2018
IT | By Lester Massey

Welch & Forbes LLC Sells 3571 Shares of Exxon Mobil Co. (XOM)

Welch & Forbes LLC Sells 3571 Shares of Exxon Mobil Co. (XOM)

The hedge fund run by Richard Mcguire held 454,300 shares of the major chemicals company at the end of 2017Q3, valued at $6.22 million, up from 284,546 at the end of the previous reported quarter. The stock increased 0.31% or $0.22 during the last trading session, reaching $71.24. It has underperformed by 25.78% the S&P500.

Peak Asset Management Llc decreased its stake in Qualcomm Inc (Call) (QCOM) by 99.29% based on its latest 2017Q3 regulatory filing with the SEC. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The institutional investor held 88,853 shares of the containers and packaging company at the end of 2017Q3, valued at $10.46 million, up from 83,417 at the end of the previous reported quarter. Peak Asset Management Llc who had been investing in Qualcomm Inc (Call) for a number of months, seems to be less bullish one the $94.76 billion market cap company.

The stock increased 0.27% or GBX 0.55 during the last trading session, reaching GBX 205.85. About 2.93 million shares traded. Kimberly-Clark Corporation (NYSE:KMB) has risen 0.32% since March 9, 2017 and is uptrending. It has underperformed by 51.53% the S&P500.

Investors sentiment decreased to 1.16 in Q3 2017. 13,200 were accumulated by Catalyst Capital Limited Com. Oxbow Advsrs Ltd Liability Corp reported 6,615 shares stake. Ellington Mgmt Gru Limited invested in 0.03% or 12,100 shares.

Corecommodity Management Llc, which manages about $5.19B and $105.70 million US Long portfolio, upped its stake in Schnitzer Stl Inds (NASDAQ:SCHN) by 15,561 shares to 20,655 shares, valued at $581,000 in 2017Q3, according to the filing. Cypress owns 91,695 shares or 1.6% of their USA portfolio.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on April, 27. M Holdings Securities reported 1.27% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Sol Cap Management Co invested 0.23% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Scotia has invested 0.08% in Exxon Mobil Corporation (NYSE:XOM). Palladium Prns Limited Com holds 9,546 shares or 0.04% of its portfolio. Wilkins Counsel Inc accumulated 57,220 shares. 814.86 million shares or 0.93% less from 822.50 million shares in 2017Q2 were reported.


Since September 18, 2017, it had 0 insider purchases, and 5 selling transactions for $5.23 million activity. Fny Managed Accounts Llc sold 5,956 shares as the company's stock rose 0.21% with the market. Also, VP Neil A. Chapman sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, December 14th. The stock of Exxon Mobil Corporation (NYSE:XOM) has "Hold" rating given on Thursday, October 19 by Jefferies.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

Among 11 analysts covering Orion Engineered Carbons (NYSE:OEC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 35% are positive. Welch & Forbes LLC's holdings in Exxon Mobil were worth $71,749,000 at the end of the most recent reporting period. Fayerweather Charles holds 2.41% in Exxon Mobil Corporation (NYSE:XOM) or 22,387 shares. Goldman Sachs Group set a $92.00 target price on shares of Exxon Mobil and gave the stock a "neutral" rating in a research report on Monday, January 22nd. The Quebec - Canada-based Jarislowsky Fraser has invested 0.75% in Exxon Mobil Corporation (NYSE:XOM).

Among 10 analysts covering Ignyta (NASDAQ:RXDX), 7 have Buy rating, 0 Sell and 3 Hold. The firm has "Corporate" rating given on Thursday, May 26 by Northland Capital. Barclays Capital downgraded the stock to "Underweight" rating in Tuesday, February 6 report. Piper Jaffray maintained the shares of XOM in report on Thursday, August 17 with "Hold" rating. Wedbush maintained it with "Buy" rating and $20.0 target in Wednesday, October 25 report. The stock has "Market Perform" rating by BMO Capital Markets on Wednesday, June 29. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has "Hold" rating given on Monday, July 11 by Jefferies.

Investors sentiment decreased to 1.65 in 2017 Q3. Its up 0.47, from 0.93 in 2017Q2. It is negative, as 94 investors sold KR shares while 232 reduced holdings. 245.40 million shares or 1.70% more from 241.30 million shares in 2017Q2 were reported. Dnb Asset Mgmt As owns 192,290 shares or 0.13% of their United States portfolio. Moreover, Regal Invest Advsr Ltd Liability has 0.55% invested in ConocoPhillips (NYSE:COP) for 47,209 shares. Meeder Asset reported 49,032 shares. Adams Diversified Equity Fund holds 358,300 shares. Oakworth Capital Inc invested 0.07% in The Kroger Co. Wells Fargo Mn holds 0% or 988,227 shares in its portfolio. Beese Fulmer Inv Mngmt reported 64,334 shares. Verity & Verity Limited Liability owns 105,698 shares for 2.53% of their portfolio. 6,566 were accumulated by First Fin National Bank. Sandy Spring Commercial Bank has 0.13% invested in The Kroger Co. Chesley Taft & Assocs Lc has 6,912 shares.

Since September 20, 2017, it had 0 insider buys, and 12 insider sales for $1.35 million activity. 19,500 shares valued at $1.62 million were sold by Corson Bradley W on Monday, December 11. California Public Employees Retirement Sys invested in 0% or 61,800 shares. This was revealed to investors in an analyst note on 5 March. Therefore 70% are positive. Kimberly-Clark had 58 analyst reports since July 21, 2015 according to SRatingsIntel. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. The rating was maintained by RBC Capital Markets on Monday, November 13 with "Hold". The firm has "Buy" rating given on Monday, July 10 by Cantor Fitzgerald.

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