Omnicom Group (OMC) Holding Lifted by Cabot Wealth Management Inc; Grisanti Capital Management Raised Its Exxon Mobil (XOM) Holding by $1.61 Million as Share Value Declined

June 22, 2018 - By Marie Mckinney

Exxon Mobil Corporation (NYSE:XOM) Logo

Cabot Wealth Management Inc increased its stake in Omnicom Group Inc (OMC) by 14.59% based on its latest 2018Q1 regulatory filing with the SEC. Cabot Wealth Management Inc bought 6,106 shares as the company’s stock declined 7.86% with the market. The institutional investor held 47,945 shares of the advertising company at the end of 2018Q1, valued at $3.48M, up from 41,839 at the end of the previous reported quarter. Cabot Wealth Management Inc who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $17.16 billion market cap company. The stock increased 0.44% or $0.33 during the last trading session, reaching $75.49. About 1.41 million shares traded. Omnicom Group Inc. (NYSE:OMC) has declined 13.92% since June 22, 2017 and is downtrending. It has underperformed by 26.49% the S&P500. Some Historical OMC News: 22/05/2018 – UpSnap Engages MarketStar as Sales Channel for Proprietary IDM Solution; 17/04/2018 – Omnicom holds steady in tough market for advertising groups; 17/04/2018 – Omnicom 1Q EBITA $449.2M; 20/03/2018 – Publicis seeks to boost growth by going deeper into consulting; 12/03/2018 – Omnicom at Group Meeting Hosted By Huber Research Today; 17/04/2018 – Ad firm Omnicom’s revenue rises 1.2 pct; 12/04/2018 – OMNICOM TO COMBINE CHAIRMAN AND CEO ROLES; 16/04/2018 – Omnicom Group Inc expected to post earnings of $1.06 a share – Earnings Preview; 20/04/2018 – End of Sorrell’s reign heralds change for big ad empires; 27/03/2018 – Omnicom to Buy Elsevier’s Pharma Communications Business in Japan

Christopher C. Grisanti increased its stake in Exxon Mobil Corp (XOM) by 441.66% based on its latest 2018Q1 regulatory filing with the SEC. Grisanti Capital Management Llc bought 21,805 shares as the company’s stock declined 0.16% with the market. The hedge fund run by Christopher C. Grisanti held 26,742 shares of the integrated oil company at the end of 2018Q1, valued at $2.00 million, up from 4,937 at the end of the previous reported quarter. Grisanti Capital Management Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $337.39B market cap company. The stock decreased 0.94% or $0.76 during the last trading session, reaching $79.69. About 10.99 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since June 22, 2017 and is downtrending. It has underperformed by 16.29% the S&P500. Some Historical XOM News: 13/04/2018 – TOP MASSACHUSETTS COURT REJECTS EXXON MOBIL CORP XOM.N BID TO BLOCK STATE CLIMATE CHANGE PROBE: COURT RULING; 17/04/2018 – ETHOSENERGY SAYS HAS BEEN AWARDED A MULTI-MLN DOLLAR CONTRACT BY EXXONMOBIL FOR WORK AT BAYTOWN REFINERY IN TEXAS; 19/03/2018 – Exxon Mobil buys LNG to chill quake-hit Papua New Guinea project – traders; 28/03/2018 – ExxonMobil to Release 2017 Financial and Operating Review; 27/04/2018 – EXXON PAPUA NEW GUINEA BACK TO NORMAL BY EARLY MAY AFTER QUAKE; 07/03/2018 – Exxon sees earnings doubling by 2025 at current oil prices; 09/05/2018 – EXXON BATON ROUGE CRUDE UNIT MAY RETURN TO PRODUCTION EARLY NEXT WEEK; 30/05/2018 – EXXON MOBIL CORP XOM.N SHAREHOLDERS REJECT PROPOSAL TO SPLIT CHIEF EXECUTIVE, CHAIRMAN ROLES; 06/03/2018 – EXXONMOBIL – PROGRAM ADVANCES TO OUTDOOR TESTING IN CALIFORNIA OF NATURALLY OCCURRING ALGAE STRAINS; 19/03/2018 – Cross Timbers Royalty Trust Declares March Cash Distribution

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.03, from 0.84 in 2017Q4. It turned negative, as 52 investors sold XOM shares while 836 reduced holdings. 121 funds opened positions while 596 raised stakes. 2.15 billion shares or 0.92% less from 2.17 billion shares in 2017Q4 were reported. Mraz Amerine Associates Inc reported 4,230 shares. 297,156 are held by Douglass Winthrop Ltd Liability. Nottingham Advsr Inc has 4,338 shares for 0.05% of their portfolio. Ws Lllp holds 0.18% or 90,325 shares. 131,960 are owned by Martin Inv Mngmt Limited. Meeder Asset Mgmt invested 0.94% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Duncker Streett And reported 94,360 shares. Employees Retirement System Of Texas holds 0.31% or 307,000 shares in its portfolio. Shelter Mutual invested in 2.09% or 93,930 shares. Moreover, Eagle Ridge has 1.77% invested in Exxon Mobil Corporation (NYSE:XOM). Cleararc Cap has invested 1.29% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Meyer Handelman invested in 567,613 shares or 2.16% of the stock. 42,518 were accumulated by Ontario Teachers Pension Plan Board. 15,996 are owned by Security Savings Bank Of So Dak. Huntington Bancshares holds 2.31% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 1.86M shares.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Streetinsider.com which released: “ExxonMobil (XOM) Reports Eighth Discovery Offshore Guyana at Longtail-1 Well” on June 20, 2018, also Fool.com with their article: “3 Stocks for Warren Buffett Fans” published on June 12, 2018, Seekingalpha.com published: “Exxon Mobil’s Returning To Its Roots” on June 18, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Fool.com and their article: “ExxonMobil Is Spending Billions of Dollars to Solve the Permian Basin’s Biggest Problem” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “ExxonMobil: Strong Buy?” with publication date: May 29, 2018.

Grisanti Capital Management Llc, which manages about $258.00 million and $218.40M US Long portfolio, decreased its stake in Chubb Ltd by 9,987 shares to 71,942 shares, valued at $9.84M in 2018Q1, according to the filing. It also reduced its holding in Amdocs Ltd (NASDAQ:DOX) by 61,585 shares in the quarter, leaving it with 9,330 shares, and cut its stake in Disney Walt Co (NYSE:DIS).

Among 27 analysts covering Exxon Mobil (NYSE:XOM), 11 have Buy rating, 5 Sell and 11 Hold. Therefore 41% are positive. Exxon Mobil had 97 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Thursday, June 2 by Bank of America. The firm has “Hold” rating by Jefferies given on Thursday, October 19. As per Thursday, July 27, the company rating was maintained by Jefferies. The rating was maintained by Jefferies with “Hold” on Wednesday, December 20. Citigroup maintained the shares of XOM in report on Friday, July 21 with “Neutral” rating. The stock has “Overweight” rating by Barclays Capital on Tuesday, July 11. The firm has “Hold” rating given on Thursday, April 19 by Jefferies. The firm earned “Buy” rating on Friday, January 19 by Cowen & Co. RBC Capital Markets reinitiated Exxon Mobil Corporation (NYSE:XOM) rating on Thursday, July 6. RBC Capital Markets has “Buy” rating and $9500 target. On Monday, April 23 the stock rating was upgraded by Raymond James to “Hold”.

Cabot Wealth Management Inc, which manages about $552.75 million and $447.32 million US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 3,256 shares to 105,327 shares, valued at $11.58M in 2018Q1, according to the filing. It also reduced its holding in Exxon Mobil Corp (NYSE:XOM) by 49,771 shares in the quarter, leaving it with 18,195 shares, and cut its stake in Claymore Exchange Trd Fd Tr (GSY).

Since February 21, 2018, it had 0 insider buys, and 3 selling transactions for $230,764 activity. Hewitt Dennis E. also sold $154,758 worth of Omnicom Group Inc. (NYSE:OMC) shares.

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.11, from 0.96 in 2017Q4. It fall, as 60 investors sold OMC shares while 229 reduced holdings. 66 funds opened positions while 180 raised stakes. 228.18 million shares or 1.27% less from 231.12 million shares in 2017Q4 were reported. Moreover, Argent has 0.09% invested in Omnicom Group Inc. (NYSE:OMC). 63,074 were accumulated by Pennsylvania Trust. Eqis Cap owns 19,245 shares. Aviva Public Ltd has invested 0.05% in Omnicom Group Inc. (NYSE:OMC). Kayne Anderson Rudnick Investment Mgmt Ltd Liability owns 71,410 shares or 0.04% of their US portfolio. 33,710 were accumulated by Keybank Natl Association Oh. Earnest Ptnrs Ltd holds 123 shares or 0% of its portfolio. Signaturefd Limited Co reported 0.03% stake. Hennessy Advsrs Inc holds 0.09% in Omnicom Group Inc. (NYSE:OMC) or 38,500 shares. Loring Wolcott & Coolidge Fiduciary Advisors Limited Liability Partnership Ma stated it has 0% in Omnicom Group Inc. (NYSE:OMC). Tower Rech Capital Llc (Trc) accumulated 1,553 shares or 0.01% of the stock. Amica Pension Fund Board Of Trustees has 6,848 shares. Sg Americas Lc reported 53,565 shares or 0.03% of all its holdings. Duncker Streett And holds 0.01% or 320 shares. Prudential invested in 338,233 shares.

Among 17 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 2 Sell and 11 Hold. Therefore 24% are positive. Omnicom had 51 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Omnicom Group Inc. (NYSE:OMC) has “Neutral” rating given on Wednesday, October 11 by Credit Suisse. The stock of Omnicom Group Inc. (NYSE:OMC) has “Hold” rating given on Friday, February 16 by RBC Capital Markets. Wedbush maintained it with “Neutral” rating and $89 target in Wednesday, April 19 report. The rating was upgraded by RBC Capital Markets on Wednesday, March 8 to “Outperform”. On Wednesday, April 12 the stock rating was maintained by RBC Capital Markets with “Buy”. BMO Capital Markets maintained Omnicom Group Inc. (NYSE:OMC) rating on Thursday, July 13. BMO Capital Markets has “Hold” rating and $8500 target. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, October 17 report. Macquarie Research downgraded it to “Neutral” rating and $83 target in Tuesday, June 6 report. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Underweight” rating by Morgan Stanley on Monday, October 16. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, October 7.

Omnicom Group Inc. (NYSE:OMC) Institutional Positions Chart

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