Blue Harbour Group LP Stake in Mednax (MD) Boosted as Shares Declined; Foundation Resource Management Has Increased Its Exxon Mobil (XOM) Stake

January 18, 2018 - By Kurt Siggers

Foundation Resource Management Inc increased its stake in Exxon Mobil (XOM) by 2.27% based on its latest 2017Q3 regulatory filing with the SEC. Foundation Resource Management Inc bought 6,353 shares as the company’s stock rose 0.21% with the market. The institutional investor held 286,058 shares of the integrated oil company at the end of 2017Q3, valued at $23.45M, up from 279,705 at the end of the previous reported quarter. Foundation Resource Management Inc who had been investing in Exxon Mobil for a number of months, seems to be bullish on the $372.87B market cap company. The stock increased 1.18% or $1.03 during the last trading session, reaching $88. About 10.55M shares traded or 4.25% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 18, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Clifton S. Robbins increased its stake in Mednax Inc (MD) by 63.97% based on its latest 2017Q3 regulatory filing with the SEC. Blue Harbour Group Lp bought 982,600 shares as the company’s stock declined 21.94% while stock markets rallied. The hedge fund run by Clifton S. Robbins held 2.52M shares of the health care company at the end of 2017Q3, valued at $108.61M, up from 1.54 million at the end of the previous reported quarter. Blue Harbour Group Lp who had been investing in Mednax Inc for a number of months, seems to be bullish on the $4.88B market cap company. The stock decreased 1.66% or $0.89 during the last trading session, reaching $52.62. About 1.63M shares traded or 12.62% up from the average. MEDNAX, Inc. (NYSE:MD) has declined 18.20% since January 18, 2017 and is downtrending. It has underperformed by 34.90% the S&P500.

Among 17 analysts covering MEDNAX (NYSE:MD), 4 have Buy rating, 1 Sell and 12 Hold. Therefore 24% are positive. MEDNAX had 42 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of MEDNAX, Inc. (NYSE:MD) has “Hold” rating given on Monday, September 7 by Zacks. The stock has “Buy” rating by Mizuho on Wednesday, September 30. The stock of MEDNAX, Inc. (NYSE:MD) has “Neutral” rating given on Tuesday, May 30 by Mizuho. Jefferies maintained the stock with “Hold” rating in Friday, July 28 report. As per Thursday, October 5, the company rating was maintained by Robert W. Baird. The stock of MEDNAX, Inc. (NYSE:MD) earned “Buy” rating by Stifel Nicolaus on Tuesday, March 8. The stock has “Hold” rating by Jefferies on Tuesday, December 13. The firm earned “Hold” rating on Thursday, May 25 by Stifel Nicolaus. Dougherty & Company maintained the stock with “Buy” rating in Friday, July 31 report. The company was maintained on Monday, December 4 by KeyBanc Capital Markets.

Foundation Resource Management Inc, which manages about $1.98B and $603.69 million US Long portfolio, decreased its stake in Berkshire Hathaway Cl B (BRKB) by 3,821 shares to 242,830 shares, valued at $44.52M in 2017Q3, according to the filing. It also reduced its holding in Teck Resources Limited Fclass (NYSE:TCK) by 24,242 shares in the quarter, leaving it with 1.59 million shares, and cut its stake in Newmont Mining (NYSE:NEM).

Since August 4, 2017, it had 0 insider buys, and 6 sales for $5.32 million activity. $200,293 worth of Exxon Mobil Corporation (NYSE:XOM) shares were sold by Wascom Dennis G. 1,100 shares valued at $88,253 were sold by REINEMUND STEVEN on Friday, August 4. $1.81 million worth of stock was sold by Franklin Robert Stuart on Monday, September 18. 19,500 shares were sold by Corson Bradley W, worth $1.62 million. Another trade for 12,000 shares valued at $996,628 was made by Chapman Neil A on Thursday, December 14.

Investors sentiment is 0.85 in Q3 2017. Its the same as in 2017Q2. It has no change, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Grandfield Dodd Lc reported 236,355 shares or 2.18% of all its holdings. Motco has invested 1.06% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). California-based Hanson Mcclain has invested 0.16% in Exxon Mobil Corporation (NYSE:XOM). Union Bancorp Corporation accumulated 108,223 shares. Moreover, Df Dent has 0.04% invested in Exxon Mobil Corporation (NYSE:XOM) for 19,805 shares. Proffitt And Goodson accumulated 12,242 shares. Wealthcare Mngmt Lc owns 6,461 shares. Prentiss Smith Incorporated owns 25,602 shares. Mu Invs invested 0.1% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Factory Mutual Insur Communication reported 1.65M shares. Davidson Garrard has 83,805 shares. Pinebridge Investments LP accumulated 251,410 shares. Reaves W H Inc has invested 0.36% in Exxon Mobil Corporation (NYSE:XOM). Regents Of The University Of California owns 33,600 shares. New York-based Qci Asset Inc New York has invested 2.09% in Exxon Mobil Corporation (NYSE:XOM).

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