Exxon Mobil Corp (XOM) Share Value Rose While Legal & General Group Plc Has Lowered Stake by $34.10 Million

September 17, 2017 - By Michael Collier

Investors sentiment decreased to 0.83 in Q4 2016. 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. 2.08 billion shares or 2.44% more from 2.03 billion shares in 2016Q3 were reported. 1.26 million were reported by Sg Americas Secs Ltd Liability Corp. 75,743 are held by First City Capital Mgmt. New England Inv & Retirement Group Inc has 60,034 shares for 2.97% of their portfolio. Goodwin Daniel L holds 0.24% or 6,600 shares in its portfolio. Barr E S Co accumulated 356,333 shares. Commonwealth Finance Services Limited Liability Corp stated it has 2,827 shares or 0.24% of all its holdings. Ccm Investment Advisers Lc holds 1.7% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 89,047 shares. Janney Montgomery Scott Ltd Liability Co has 0.98% invested in Exxon Mobil Corporation (NYSE:XOM). Paloma Prtn Mngmt Com invested 0% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Cipher Cap LP holds 0.36% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 59,379 shares. Bridgecreek Ltd Liability Company reported 64,532 shares or 1.64% of all its holdings. Acropolis Inv Ltd Limited Liability Company accumulated 26,433 shares. Cim Investment Mangement has invested 0.77% in Exxon Mobil Corporation (NYSE:XOM). New England Private Wealth Limited Liability has invested 0.48% in Exxon Mobil Corporation (NYSE:XOM). Kinsight Limited Liability Com holds 6,232 shares or 0.29% of its portfolio.

Legal & General Group Plc decreased its stake in Exxon Mobil Corp (XOM) by 1.72% based on its latest 2016Q4 regulatory filing with the SEC. Legal & General Group Plc sold 378,840 shares as the company’s stock rose 0.21% with the market. The institutional investor held 21.68 million shares of the integrated oil company at the end of 2016Q4, valued at $1.96 billion, down from 22.05 million at the end of the previous reported quarter. Legal & General Group Plc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $339.27 billion market cap company. The stock decreased 0.02% or $0.02 on September 15, reaching $80.07. About 16.04 million shares traded or 58.03% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since September 17, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.

Legal & General Group Plc, which manages about $107.21 billion US Long portfolio, upped its stake in Chesapeake Lodging Tr (NYSE:CHSP) by 350,530 shares to 528,912 shares, valued at $13.68M in 2016Q4, according to the filing. It also increased its holding in Encana Corp (NYSE:ECA) by 308,720 shares in the quarter, for a total of 5.56 million shares, and has risen its stake in Boston Properties Inc (NYSE:BXP).

Wall Street await Exxon Mobil Corporation (NYSE:XOM) to release earnings on October, 27 before the open. Analysts forecast earnings per share of $0.87, up exactly $0.24 or 38.10 % from 2014’s $0.63 EPS. The expected XOM’s profit could reach $3.69 billion giving the stock 23.01 P/E in the case that $0.87 earnings per share is reported. After posting $0.78 EPS for the previous quarter, Exxon Mobil Corporation’s analysts now forecast 11.54 % EPS growth.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Fool.com which released: “Why Exxon split its stock in the past” on September 14, 2017, also Seekingalpha.com with their article: “Exxon Mobil: The Best You’ve Got” published on September 08, 2017, Seekingalpha.com published: “Exxon Mobil: Buying Opportunity” on September 03, 2017. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Wells Fargo Is Wrong About Exxon Mobil” published on August 28, 2017 as well as Seekingalpha.com‘s news article titled: “Exxon Mobil – Tiger Or Dog Investment?” with publication date: September 05, 2017.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Among 24 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Exxon Mobil has $104 highest and $52 lowest target. $82.56’s average target is 3.11% above currents $80.07 stock price. Exxon Mobil had 64 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by BMO Capital Markets on Monday, May 1. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Wednesday, September 6 by UBS. The firm has “Neutral” rating by Bank of America given on Thursday, June 2. As per Monday, May 2, the company rating was maintained by Credit Suisse. The company was upgraded on Thursday, May 11 by Bank of America. As per Tuesday, June 13, the company rating was maintained by RBC Capital Markets. Jefferies maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, July 27 with “Hold” rating. Jefferies maintained the stock with “Neutral” rating in Friday, April 7 report. The stock has “Hold” rating by RBC Capital Markets on Thursday, July 20. Piper Jaffray maintained it with “Hold” rating and $80.0 target in Thursday, August 17 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.