Legal & General Group Plc Stake in Exxon Mobil Corp (XOM) Decreased as Shares Declined

May 16, 2018 - By Mark Mitchell

Exxon Mobil Corporation (NYSE:XOM) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.84. That’s change of 0.01, from 2017Q3’s 0.85. 48 investors sold all, 819 reduced holdings as XOM ratio turned negative. 603 grew holdings while 123 funds amassed holdings. Funds hold 2.17 billion shares thus 1.92% more from 2017Q3’s 2.13 billion shares. Verity & Verity Lc invested in 2.53% or 105,698 shs. Pope Asset Mngmt Ltd Limited Liability Company invested in 3,500 shs or 0.19% of the stock. Boothbay Fund Mngmt Ltd Liability Co holds 10,834 shs or 0.13% of its capital. Stralem Com Incorporated invested in 144,353 shs. First Republic Inv Management reported 0.78% of its capital in Exxon Mobil Corporation (NYSE:XOM). Miracle Mile Advsrs Limited accumulated 6,597 shs. Utah Retirement Sys holds 1.39% of its capital in Exxon Mobil Corporation (NYSE:XOM) for 789,321 shs. Capital Rech has invested 0.8% in Exxon Mobil Corporation (NYSE:XOM). Nuwave Invest Management Ltd Liability Corporation owns 10,293 shs. Mcdaniel Terry And has invested 0.75% in Exxon Mobil Corporation (NYSE:XOM). Northcoast Asset Management Ltd Liability Company holds 0.24% or 31,719 shs in its capital. First Interstate Natl Bank reported 138,310 shs. Braun Stacey stated it has 232,190 shs. Family Mngmt Corporation holds 3.19% or 54,546 shs. North Star Asset Mgmt Inc accumulated 0.79% or 105,328 shs.

XOM registered $3.42 million net activity with 0 insider buys and 4 insider sales since December 11, 2017. $200,293 worth of Exxon Mobil Corporation (NYSE:XOM) shs were sold by Wascom Dennis G. $606,082 worth of Exxon Mobil Corporation (NYSE:XOM) shs were sold by Milton Bryan W. Corson Bradley W sold 19,500 shs worth $1.62 million.

The holdings In Exxon Mobil Corp (XOM) was reduced held by Legal & General Group Plc. According to 2017Q4 Securities and Exchange filling the decrease is 2.8%. The company’s stock sank 12.23% while Legal & General Group Plc sold 658,506 shares. At the end of 2017Q4, the institutional investor held 22.89M shares of the integrated oil company, valued at $1.91B, down from 23.55 million at the end of the previous reported quarter. Exxon Mobil Corp has $347.22 billion market cap. XOM is hitting $82.01 during the last trading session, after increased 0.27%.Currently Exxon Mobil Corporation is downtrending after 9.29% change in last May 16, 2017. XOM has 8.12 million shares volume. XOM underperformed by 20.84% the S&P 500.

About $138.20 billion US Long portfolio Legal & General Group Plc manages. According to a filing the fund increased its stake in Idex Corp (NYSE:IEX) by 40,709 shares to 178,612 shares, valued at $23.57M in 2017Q4. For a total of 521,393 shares it increased its holding in New Oriental Ed & Tech Grp I (NYSE:EDU) by 116,435 shares in the quarter, and has risen its stake in Universal Fst Prods Inc (NASDAQ:UFPI).

On July, 27. Investors wait Exxon Mobil Corporation (NYSE:XOM) to reveal its quarterly earnings, as reported by RTT. EPS of $1.16 is 48.72 % up from 2017’s $0.78 EPS. XOM’s profit could reach $4.91 billion with 17.67 P/E in case $1.16 EPS is revealed. After $1.09 EPS report last quarter, Wall Street now predicts 6.42 % EPS growth of Exxon Mobil Corporation.

For more Exxon Mobil Corporation (NYSE:XOM) news brought out briefly go to: Seekingalpha.com, Fool.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Exxon Mobil: Has The Paradigm Shifted?” brought out on April 25, 2018, “Why Exxon Mobil Corporation Is a Retiree’s Dream Stock” on May 14, 2018, “Reuters: Exxon’s Baytown refinery gasoline unit shut” with a publish date: May 11, 2018, “Exxon Loses An Enemy” and the last “Exxon Stock Isn’t So Slick” with publication date: May 01, 2018.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

A total of 11 analysts rate Exxon Mobil (NYSE:XOM) as follows: 3 “Buy”, 6 “Hold” and 2 “Sell”. Тherefore 27% are bullish. (NYSE:XOM) has 19 ratings reports on May 16, 2018 according to StockzIntelligence. On Monday, December 11 the firm has “Hold” rating by Credit Suisse given. On Monday, February 5 the stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given by Piper Jaffray. In Tuesday, January 23 report Piper Jaffray maintained it with “Hold” rating and $89.0 target. On Monday, February 5 Jefferies maintained the shares of XOM in report with “Hold” rating. On Tuesday, November 21 the firm has “Hold” rating by Piper Jaffray given. On Thursday, March 8 the firm earned “Buy” rating by Bank of America. On Thursday, March 15 the rating was upgraded by HSBC to “Buy”. In Wednesday, January 24 report Morgan Stanley maintained it with “Underweight” rating and $90 target. In Sunday, April 22 report Piper Jaffray maintained it with “Hold” rating and $7900 target. On Wednesday, December 20 Jefferies maintained Exxon Mobil Corporation (NYSE:XOM) with “Hold” rating.

Exxon Mobil Corporation (NYSE:XOM) Institutional Investors Chart

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