Wolfe Research Lowers Exxon Mobil Corporation (XOM) to Underperform

Treasury Fines Exxon Mobil $2M for Russian Sanctions Violations While Secretary Tillerson Was CEO
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20 July, 2017

(KAR)'s stock declined 7.64%. Hedge funds and other institutional investors own 50.54% of the company's stock. Caisse De Depot Et Placement Du Quebec who had been investing in Ross Stores Inc for a number of months, seems to be bullish on the $21.02 billion market cap company. The stock rose 0.54% or $0.44 reaching $81.26 per share. Dupont Capital Management invested in 0.88% or 436,799 shares. It is down 14.49% since July 20, 2016 and is downtrending. It has underperformed by 76.58% the S&P500.

Schnieders Capital Management Llc increased its stake in Exxon Mobil Corp (XOM) by 16.28% based on its latest 2016Q4 regulatory filing with the SEC. Cambridge Advisors Inc. now owns 8,053 shares of the oil and gas company's stock valued at $660,000 after buying an additional 360 shares during the last quarter. Burney Co. now owns 225,936 shares of the oil and gas company's stock worth $20,393,000 after buying an additional 15,506 shares during the period. Kanawha Capital Management Llc who had been investing in Exxon Mobil for a number of months, seems to be less bullish one the $342.58B market cap company.

The company is so far trading up by 0.31% since yesterday's close of $80.6. Cambridge Advisors Inc. increased its stake in shares of Exxon Mobil Corporation by 4.7% in the first quarter. It has underperformed by 9.21% the S&P500. Nomura initiated Exxon Mobil Corporation (NYSE:XOM) on Friday, March 18 with "Reduce" rating. Therefore 86% are positive. About shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since July 20, 2016 and is downtrending. $82.96's average target is 2.61% above currents $80.85 stock price.

XOM has been the topic of several recent analyst reports. Jefferies has "Hold" rating and $8600 target. The firm earned "Neutral" rating on Friday, February 12 by Goldman Sachs. On Thursday, October 15 the stock rating was initiated by Scotia Capital with "Outperform". The firm has "Underperform" rating by Raymond James given on Wednesday, November 18. The firm has "Equal Weight" rating given on Tuesday, January 12 by Barclays Capital. As per Thursday, June 2, the company rating was downgraded by Bank of America. They issued a "term buy" rating and a $90.00 price objective for the company.

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.04, from 0.87 in 2016Q3. It fall, as 58 investors sold XOM shares while 851 reduced holdings. 104 funds opened positions while 652 raised stakes. Beck Cap Mngmt Limited Liability Corp has 0.74% invested in Exxon Mobil Corporation (NYSE:XOM). Cubist Systematic Strategies Lc stated it has 2,176 shares. Roosevelt Investment Grp Inc invested 0.19% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Lafayette Investments, a Maryland-based fund reported 89,753 shares. Jupiter Asset Management Ltd. raised its stake in Exxon Mobil Corporation by 25.0% in the fourth quarter. Da Davidson accumulated 1,000 shares or 0% of the stock. Scotiabank set a $85.00 price target on shares of Exxon Mobil Corporation and gave the company a hold rating in a report on Monday, March 27th. Tudor Et Al reported 78,879 shares. The stock presently has a consensus rating of "Hold" and an average price target of $86.05. Schulhoff & reported 5.07% stake. Confluence Investment Mgmt Ltd Com invested in 0.3% or 134,971 shares. Oppenheimer And holds 0.95% or 362,721 shares. National Bank Canada initiated Goldcorp Inc. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: "Exxon Mobil - Largest Oil Company With Huge Potential" published on June 27, 2017 as well as Reuters.com's news article titled: "Exxon Mobil fined for Louisiana refinery explosion that injured four" with publication date: July 13, 2017.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, April 28th. Gyroscope Capital Management Group LLC raised its position in Exxon Mobil Corporation by 49.1% in the fourth quarter. About 266 shares traded.

Investors sentiment increased to 1.08 in 2016 Q4. Its down 0.04, from 0.87 in 2016Q3. For the quarter, shares have been noted at 0.45%. Midwest Inv Mngmt Ltd Liability Co reported 4,691 shares stake. Welch Group Inc Ltd owns 0.03% invested in Ross Stores, Inc. Share performance for the month is now at -2.31%. Sta Wealth Mngmt Lc holds 48,320 shares. It also increased its holding in Facebook Inc. (NASDAQ:ROST) for 325,222 shares. 150,522 are held by Reilly Financial Advsr Limited Liability Co. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Pacific Biosciences of California (NASDAQ:PACB). Ngam LP stated it has 267,290 shares. Picton Mahoney Asset Management invested 0.72% of its portfolio in KAR Auction Services Inc (NYSE:KAR). Fincl Advisory Serv, Kansas-based fund reported 25,005 shares.

Symons Capital Management Inc, which manages about $526.15 million and $411.01M US Long portfolio, decreased its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 45,094 shares to 193,377 shares, valued at $13.30M in 2016Q4, according to the filing. More interesting news about International Business Machines Corp.


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