Piper Jaffray Reaffirms $60.0000 Price Target On Webster Financial (WBS), Reaffirms Hold Rating; Exxon Mobil (XOM) Sellers Decreased By 8.79% Their Shorts

April 23, 2018 - By Peter Erickson

Webster Financial Corporation (NYSE:WBS) Logo

They currently have a $60.0000 TP on Webster Financial (NYSE:WBS). Piper Jaffray’s target would suggest a potential upside of 1.01% from the company’s current stock price. This was released in a research note on Monday, 23 April.

Exxon Mobil Corporation (NYSE:XOM) had a decrease of 8.79% in short interest. XOM’s SI was 31.25 million shares in April as released by FINRA. Its down 8.79% from 34.26M shares previously. With 17.51 million avg volume, 2 days are for Exxon Mobil Corporation (NYSE:XOM)’s short sellers to cover XOM’s short positions. The SI to Exxon Mobil Corporation’s float is 0.74%. The stock decreased 0.53% or $0.42 during the last trading session, reaching $79. About 12.07M 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.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.01, from 0.85 in 2017Q3. It is negative, as 48 investors sold Exxon Mobil Corporation 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. Heathbridge Cap Mngmt owns 4,850 shares or 0.08% of their US portfolio. Holowesko Prns owns 1.58M shares or 8.36% of their US portfolio. Strategy Asset Managers Lc owns 36,570 shares for 0.6% of their portfolio. Livingston Grp Asset (Operating As Southport Cap Management) invested in 23,499 shares. Doheny Asset Mgmt Ca holds 0.59% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 15,093 shares. Moon Limited Liability stated it has 1.06% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Wealthtrust Fairport Limited Liability Corporation owns 103,980 shares for 0.88% of their portfolio. State Common Retirement Fund holds 1.2% or 11.92 million shares. Lesa Sroufe Co owns 2,421 shares for 0.17% of their portfolio. Town & Country National Bank & Dba First Bankers holds 89,863 shares or 3.72% of its portfolio. Smith Moore And reported 0.96% stake. The New York-based Howe & Rusling has invested 0.71% in Exxon Mobil Corporation (NYSE:XOM). Cypress Mgmt Limited (Wy) accumulated 7,125 shares or 0.68% of the stock. 16,298 were accumulated by Wunderlich Managemnt. Addison Capital stated it has 5,108 shares.

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. Goldman Sachs maintained it with “Conviction Buy” rating and $91 target in Friday, March 18 report. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Buy” rating given on Tuesday, June 13 by RBC Capital Markets. TD Securities maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, August 6 with “Hold” rating. The firm earned “Hold” rating on Thursday, October 19 by Jefferies. As per Thursday, March 8, the company rating was maintained by Wells Fargo. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Underperform” rating by Morgan Stanley on Wednesday, October 18. The company was maintained on Tuesday, January 23 by Piper Jaffray. The rating was maintained by Jefferies on Friday, April 7 with “Neutral”. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Outperform” rating given on Tuesday, December 15 by Credit Agricole. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Buy” rating by Scotia Capital on Monday, June 5.

Exxon Mobil Corporation explores for and produces natural gas and crude oil in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. The company has market cap of $334.63 billion. The firm operates through Upstream, Downstream, and Chemical divisions. It has a 17.06 P/E ratio. It also makes petroleum products; makes and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Since December 11, 2017, it had 0 insider purchases, and 4 insider sales for $3.42 million activity. The insider Wascom Dennis G sold 2,412 shares worth $200,293. Shares for $606,082 were sold by Milton Bryan W. Corson Bradley W also sold $1.62 million worth of Exxon Mobil Corporation (NYSE:XOM) on Monday, December 11. On Thursday, December 14 the insider Chapman Neil A sold $996,628.

The stock increased 1.64% or $0.96 during the last trading session, reaching $59.4. About 697,215 shares traded or 23.66% up from the average. Webster Financial Corporation (NYSE:WBS) has risen 10.54% since April 23, 2017 and is uptrending. It has underperformed by 1.01% the S&P500.

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.20, from 0.96 in 2017Q3. It is positive, as 18 investors sold Webster Financial Corporation shares while 75 reduced holdings. 26 funds opened positions while 82 raised stakes. 85.11 million shares or 0.62% more from 84.59 million shares in 2017Q3 were reported. Wells Fargo Mn accumulated 1.18 million shares or 0.02% of the stock. Daruma Limited Liability Co invested in 0.23% or 66,291 shares. 574 are held by Fifth Third National Bank. Shelton Cap, California-based fund reported 6,910 shares. Frontier Mgmt Com Ltd Llc owns 2.41M shares. Moreover, Kennedy Capital Mgmt has 0.07% invested in Webster Financial Corporation (NYSE:WBS) for 69,765 shares. Oppenheimer Asset owns 25,525 shares. Penbrook Mgmt Ltd Liability Corp owns 19,812 shares. Johnson Financial Group Inc Incorporated owns 1,716 shares for 0.01% of their portfolio. Beck Mack & Oliver Limited reported 0.01% in Webster Financial Corporation (NYSE:WBS). Advantus Capital Inc holds 11,340 shares or 0.02% of its portfolio. Ingalls Snyder Limited Liability Corp invested in 0.02% or 6,721 shares. Clinton holds 0.03% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 6,530 shares. The New York-based Renaissance Technologies Limited Com has invested 0.01% in Webster Financial Corporation (NYSE:WBS). Plante Moran Financial Advsr Limited Liability Corporation stated it has 25 shares.

Since October 24, 2017, it had 0 insider purchases, and 5 selling transactions for $1.20 million activity. The insider Pettie Mark sold $185,415. 2,917 Webster Financial Corporation (NYSE:WBS) shares with value of $169,974 were sold by BLEY DANIEL. CRAWFORD JOHN JOSEPH had sold 11,516 shares worth $631,435 on Tuesday, October 24. $274,565 worth of Webster Financial Corporation (NYSE:WBS) was sold by BECKER JOEL S. The insider SMITH JAMES COPENHAVER sold 8,943 shares worth $500,220.

Among 19 analysts covering Webster Financial (NYSE:WBS), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Webster Financial has $75.0 highest and $35 lowest target. $53.29’s average target is -10.29% below currents $59.4 stock price. Webster Financial had 57 analyst reports since July 20, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, March 21 by Barclays Capital. Deutsche Bank maintained Webster Financial Corporation (NYSE:WBS) on Wednesday, November 8 with “Hold” rating. The firm has “Hold” rating given on Monday, July 24 by Boenning & Scattergood. Piper Jaffray maintained it with “Hold” rating and $56.0 target in Tuesday, January 23 report. Wells Fargo maintained the stock with “Hold” rating in Tuesday, January 9 report. Keefe Bruyette & Woods maintained the shares of WBS in report on Thursday, December 21 with “Buy” rating. Wood maintained Webster Financial Corporation (NYSE:WBS) on Tuesday, April 11 with “Buy” rating. As per Friday, April 20, the company rating was maintained by Boenning & Scattergood. Wood maintained the stock with “Buy” rating in Monday, April 24 report. The rating was maintained by Jefferies with “Hold” on Friday, August 11.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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