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Main » Traders Sell Exxon Mobil Corporation (XOM) on Strength Following Analyst Downgrade

Traders Sell Exxon Mobil Corporation (XOM) on Strength Following Analyst Downgrade

12 October 2017

The rating was maintained by Piper Jaffray with "Buy" on Wednesday, August 16. Blackrock holds 1.1% or 256.59M shares. Gurufocus.com's article titled: "American National Bank Buys McKesson Corp, The Home Depot Inc, HD Supply ..." and published on October 10, 2017 is yet another important article. The firm has "Buy" rating given on Wednesday, May 18 by Argus Research. The firm has "Hold" rating given on Thursday, June 29 by Oppenheimer. On Tuesday, August 22 the stock rating was maintained by Jefferies with "Buy". The rating was upgraded by Barclays Capital on Friday, March 24 to "Overweight". The rating was maintained by UBS with "Neutral" on Monday, May 2. The firm has "Neutral" rating by Goldman Sachs given on Monday, October 31.

Exxon Mobil Corporation (XOM) stock price fell -5.43 percent over the past one year, while decreased -1.32 percent during the past 6 months. Artemis Investment Management Llp sold 778,285 shares as Metlife Inc (MET)'s stock declined 4.70%. The Kentucky Retirement Systems holds 271,627 shares with $21.93 million value, up from 265,845 last quarter. Exxon Mobil Corp now has $349.65 billion valuation. The stock increased 0.22% or $0.09 during the last trading session, reaching $40.86. Following the transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. Shares of Exxon Mobil Corporation (XOM) are trading -11.52% downward from the 52-week high mark and 8.45% above from the fifty two-week low mark. It has underperformed by 25.78% the S&P500.

Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is 0.16. Its down 0.04, from 0.89 in 2017Q1.

A number of hedge funds have recently bought and sold shares of XOM.

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A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its holdings in Exxon Mobil Corporation by 6.4% in the 1st quarter. Clark Estates Inc Ny reported 0.06% of its portfolio in Exxon Mobil Corporation (NYSE:XOM).

This recommendation lands on a scale between 1 and 5. Premier Asset Mgmt reported 136,571 shares. United Kingdom-based Uss Inv Management has invested 0.37% in Exxon Mobil Corporation (NYSE:XOM). About 2.54 million shares traded or 455.35% up from the average. Lsv Asset Mgmt has invested 1.25% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). After $1.73 actual EPS reported by McDonald's Corporation for the previous quarter, Wall Street now forecasts 0.58% EPS growth. Crawford Invest Counsel invested 2.25% in Exxon Mobil Corporation (NYSE:XOM). Lingohr Partner Asset Mngmt Gmbh invested in 0.25% or 5,200 shares. Hl Financial Ltd Liability reported 2.29% stake. Nikko Asset Mngmt Americas holds 2.37% or 492,593 shares in its portfolio. Condor Capital Management owns 37,247 shares or 0.63% of their U.S. portfolio. Bw Gestao De Investimentos Ltda holds 0.25% or 30,000 shares.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on October, 27 before the open. Therefore 53% are positive.

Moody's Corporation is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers. Swedbank acquired 167,230 shares as Exxon Mobil Corp (XOM)'s stock rose 0.21%. The rating was downgraded by UBS on Thursday, January 19 to "Sell". Windsor Management Lc reported 20,438 shares. Cowen & Co maintained the stock with "Buy" rating in Friday, July 28 report. Finally, Vetr upgraded Exxon Mobil Corporation from a "buy" rating to a "strong-buy" rating and set a $90.68 price target for the company in a report on Thursday, June 29th. The firm has "Neutral" rating by BNP Paribas given on Tuesday, September 15. The company presently has a consensus rating of "Hold" and a consensus price target of $84.82.

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Gateway Advisory Llc increased Vanguard Admiral Fds Inc (VIOG) stake by 4,182 shares to 20,488 valued at $2.74 million in 2017Q2. Axa owns 1.95M shares. Ishares Tr (IHI) was raised too.

Exelixis, Inc.is a biopharmaceutical company. The Firm is focused on discovery, development and commercialization of new medicines to manage care and outcomes for people with cancer. It has a 29.81 P/E ratio. The Company's cabozantinib product is an inhibitor of multiple tyrosine kinases, including MET, AXL, and VEGF receptors. HD Supply Holdings Inc (NASDAQ:HDS) has risen 25.80% since October 11, 2016 and is uptrending. It has outperformed by 6.59% the S&P500.

Investors sentiment decreased to 0.94 in 2017 Q2. Its up 0.70, from 1.21 in 2017Q1. Shareholders of record on Monday, August 14th were given a dividend of $0.77 per share. 31 funds opened positions while 13 raised stakes. 189.62 million shares or 0.65% less from 190.86 million shares in 2017Q1 were reported. Catawba Capital Mngmt Va invested in 26,037 shares or 0.48% of the stock. California-based Denali Advsrs Limited Liability Corp has invested 0.77% in Moody's Corporation (NYSE:MCO). Blackrock Inc has 9.89M shares for 0.02% of their portfolio. Parsons Mgmt Ri invested in 0.12% or 18,296 shares. Bluefin Trading Lc has invested 0.05% in Exxon Mobil Corporation (NYSE:XOM). Winkler Julie also sold $539,148 worth of CME Group Inc (NASDAQ:CME) on Monday, June 12. Aureus Asset Management Limited Company reported 84,252 shares.

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