Perritt Capital Management Stake in Orchids Paper Prods Co Del (TIS) Raised by $668,400; Westchester Capital Management Holds Position in Exxon Mobil (XOM)

April 23, 2018 - By Linda Rogers

Exxon Mobil Corporation (NYSE:XOM) Logo

Westchester Capital Management Inc increased its stake in Exxon Mobil Corporation (XOM) by 124.92% based on its latest 2017Q4 regulatory filing with the SEC. Westchester Capital Management Inc bought 5,550 shares as the company’s stock declined 12.23% with the market. The institutional investor held 9,993 shares of the integrated oil company at the end of 2017Q4, valued at $836,000, up from 4,443 at the end of the previous reported quarter. Westchester Capital Management Inc who had been investing in Exxon Mobil Corporation for a number of months, seems to be bullish on the $334.27 billion market cap company. The stock decreased 0.11% or $0.085 during the last trading session, reaching $78.915. About 1.58 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since April 23, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Perritt Capital Management Inc increased its stake in Orchids Paper Prods Co Del (TIS) by 34.61% based on its latest 2017Q4 regulatory filing with the SEC. Perritt Capital Management Inc bought 55,700 shares as the company’s stock declined 29.94% with the market. The institutional investor held 216,658 shares of the paper company at the end of 2017Q4, valued at $2.77 million, up from 160,958 at the end of the previous reported quarter. Perritt Capital Management Inc who had been investing in Orchids Paper Prods Co Del for a number of months, seems to be bullish on the $76.60 million market cap company. The stock increased 1.40% or $0.099 during the last trading session, reaching $7.179. About 12,448 shares traded. Orchids Paper Products Company (NYSEMKT:TIS) has declined 65.11% since April 23, 2017 and is downtrending. It has underperformed by 76.66% the S&P500.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 92 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, March 8 with “Buy” rating. The stock has “Neutral” rating by Goldman Sachs on Monday, October 31. Morgan Stanley maintained Exxon Mobil Corporation (NYSE:XOM) rating on Wednesday, January 24. Morgan Stanley has “Underweight” rating and $90 target. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Sector Outperform” rating by Howard Weil on Monday, June 5. UBS upgraded Exxon Mobil Corporation (NYSE:XOM) on Wednesday, September 6 to “Neutral” rating. On Wednesday, March 8 the stock rating was maintained by HSBC with “Hold”. Cowen & Co maintained it with “Buy” rating and $100.0 target in Tuesday, September 19 report. Jefferies maintained it with “Neutral” rating and $92 target in Friday, April 7 report. The stock has “Market Perform” rating by Wells Fargo on Thursday, March 8.

Since December 11, 2017, it had 0 insider purchases, and 4 insider sales for $3.42 million activity. $606,082 worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Milton Bryan W. Another trade for 12,000 shares valued at $996,628 was sold by Chapman Neil A. On Monday, December 11 Corson Bradley W sold $1.62M worth of Exxon Mobil Corporation (NYSE:XOM) or 19,500 shares.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.01, from 0.85 in 2017Q3. It fall, as 48 investors sold XOM shares while 819 reduced holdings. 123 funds opened positions while 603 raised stakes. 2.17 billion shares or 1.92% more from 2.13 billion shares in 2017Q3 were reported. North Point Managers Oh holds 1.86% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 131,485 shares. Wilkins Investment Counsel accumulated 57,820 shares. Moreover, Gofen And Glossberg Ltd Limited Liability Company Il has 1.75% invested in Exxon Mobil Corporation (NYSE:XOM) for 586,463 shares. Adams Natural Fund has 1.54M shares. Northwest Investment Counselors Limited Liability Co owns 11,474 shares for 0.39% of their portfolio. Retirement Systems Of Alabama stated it has 1.23% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Schnieders Mgmt Ltd invested in 1.15% or 33,108 shares. Glenmede Trust Commerce Na reported 1.6% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Invsts Asset Management Of Georgia Ga Adv holds 0.75% or 12,704 shares in its portfolio. Beck Mack Oliver Ltd Liability Corp invested in 271,781 shares or 0.75% of the stock. Greatmark Invest reported 0.65% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Timber Hill Limited Liability, Connecticut-based fund reported 118,263 shares. Washington Trust invested in 353,037 shares or 1.66% of the stock. 126,376 were reported by Motco. Moreover, Sprott Incorporated has 1.98% invested in Exxon Mobil Corporation (NYSE:XOM).

Among 2 analysts covering Orchids Paper Products Co (NYSEMKT:TIS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Orchids Paper Products Co had 4 analyst reports since October 15, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, October 27 by Oppenheimer.

Perritt Capital Management Inc, which manages about $709.62 million and $358.92 million US Long portfolio, decreased its stake in American Software Inc (NASDAQ:AMSWA) by 105,532 shares to 252,900 shares, valued at $2.94 million in 2017Q4, according to the filing. It also reduced its holding in Systemax Inc (NYSE:SYX) by 10,000 shares in the quarter, leaving it with 25,000 shares, and cut its stake in Zagg Inc (NASDAQ:ZAGG).

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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