Spinnaker Trust Has Lowered Exxon Mobil (XOM) Position By $395,910; Clearbridge Has Trimmed By $37.05 Million Its Qualcomm (QCOM) Stake

May 23, 2018 - By Russell Anderson

Exxon Mobil Corporation (NYSE:XOM) Logo

Clearbridge Llc decreased Qualcomm Inc (QCOM) stake by 44.6% reported in 2017Q4 SEC filing. Clearbridge Llc sold 578,975 shares as Qualcomm Inc (QCOM)’s stock declined 15.28%. The Clearbridge Llc holds 719,195 shares with $46.04 million value, down from 1.30M last quarter. Qualcomm Inc now has $86.27 billion valuation. The stock increased 1.39% or $0.8 during the last trading session, reaching $58.19. About 6.03M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 23, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Spinnaker Trust decreased Exxon Mobil Corp (XOM) stake by 5.63% reported in 2017Q4 SEC filing. Spinnaker Trust sold 4,770 shares as Exxon Mobil Corp (XOM)’s stock declined 12.23%. The Spinnaker Trust holds 80,007 shares with $6.69M value, down from 84,777 last quarter. Exxon Mobil Corp now has $345.33 billion valuation. The stock decreased 0.09% or $0.07 during the last trading session, reaching $81.57. About 8.21M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since May 23, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on July, 27. They expect $1.16 earnings per share, up 48.72% or $0.38 from last year’s $0.78 per share. XOM’s profit will be $4.91 billion for 17.58 P/E if the $1.16 EPS becomes a reality. After $1.09 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.42% EPS growth.

Since December 11, 2017, it had 0 insider buys, and 4 sales for $3.42 million activity. Milton Bryan W had sold 7,281 shares worth $606,082. Chapman Neil A sold 12,000 shares worth $996,628. Corson Bradley W sold 19,500 shares worth $1.62M. Wascom Dennis G sold 2,412 shares worth $200,293.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil: Destined To Underperform?” on May 22, 2018, also Seekingalpha.com with their article: “Exxon Mobil: Sometimes The Turtle Beats The Hare” published on May 22, 2018, Seekingalpha.com published: “Exxon: Irrational Exuberance” on May 11, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon Stock Isn’t So Slick” published on May 01, 2018 as well as Seekingalpha.com‘s news article titled: “Exxon Mobil: Has The Paradigm Shifted?” with publication date: April 25, 2018.

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.01, from 0.85 in 2017Q3. It dropped, 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. The South Carolina-based South State Corp has invested 1.28% in Exxon Mobil Corporation (NYSE:XOM). First Bancorporation Of Mount Dora Trust Services has 36,296 shares for 1.34% of their portfolio. Quantitative Inv Mgmt Ltd Liability Company accumulated 194,100 shares or 0.24% of the stock. Burney owns 249,780 shares. Moreover, Ajo LP has 2.23% invested in Exxon Mobil Corporation (NYSE:XOM) for 6.17 million shares. Missouri-based Shelter Mutual Ins has invested 2.34% in Exxon Mobil Corporation (NYSE:XOM). Parkside Retail Bank & owns 27,509 shares or 0.84% of their US portfolio. Moreover, Puzo Michael J has 2.7% invested in Exxon Mobil Corporation (NYSE:XOM). Chilton Cap Mngmt Ltd Liability reported 162,850 shares stake. Roberts Glore & Com Il invested in 17,907 shares. Spirit Of America Management Ny holds 0.81% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 86,965 shares. Cubic Asset Mngmt Limited Liability has 0.62% invested in Exxon Mobil Corporation (NYSE:XOM). Meristem Limited Liability Partnership has invested 0.94% in Exxon Mobil Corporation (NYSE:XOM). Cypress Capital Group holds 91,713 shares. Amg Funds Limited Company holds 23,627 shares or 1.06% of its portfolio.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. Exxon Mobil had 95 analyst reports since July 22, 2015 according to SRatingsIntel. Argus Research upgraded Exxon Mobil Corporation (NYSE:XOM) rating on Wednesday, May 18. Argus Research has “Buy” rating and $104 target. On Thursday, May 11 the stock rating was upgraded by Bank of America to “Buy”. The stock has “Underweight” rating by Barclays Capital on Thursday, September 3. Credit Suisse maintained the stock with “Underperform” rating in Monday, May 2 report. The firm has “Market Perform” rating given on Thursday, March 8 by Wells Fargo. The firm earned “Hold” rating on Thursday, August 6 by TD Securities. BMO Capital Markets initiated the stock with “Market Perform” rating in Friday, December 2 report. Raymond James upgraded Exxon Mobil Corporation (NYSE:XOM) on Monday, April 23 to “Hold” rating. Deutsche Bank maintained the shares of XOM in report on Tuesday, March 29 with “Hold” rating. The company was upgraded on Wednesday, September 6 by UBS.

Spinnaker Trust increased Alphabet Inc Cl C stake by 461 shares to 4,796 valued at $5.02 million in 2017Q4. It also upped Wells Fargo & Co (Call) (NYSE:WFC) stake by 6,482 shares and now owns 188,166 shares. Illinois Tool Works Inc (NYSE:ITW) was raised too.

Clearbridge Llc increased Quotient Ltd (NASDAQ:QTNT) stake by 890,050 shares to 2.56 million valued at $12.68M in 2017Q4. It also upped Service Corp Intl (NYSE:SCI) stake by 53,670 shares and now owns 831,969 shares. Allergan Plc was raised too.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 EPS, down 17.14% or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.92M for 25.08 P/E if the $0.58 EPS becomes a reality. After $0.67 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.

Since January 9, 2018, it had 0 insider purchases, and 8 insider sales for $7.62 million activity. The insider ROGERS ALEXANDER H sold $48,627. 11,670 shares were sold by Rosenberg Donald J, worth $618,603. AMON CRISTIANO R sold 16,082 shares worth $852,989. Shares for $3.14 million were sold by THOMPSON JAMES H on Friday, March 9. Another trade for 43,000 shares valued at $2.81 million was sold by GROB MATTHEW S.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Fool.com which released: “Samsung Is Making Its Move Against Qualcomm” on May 21, 2018, also Nasdaq.com with their article: “China Eases the Pressure on Qualcomm’s NXP Deal” published on May 15, 2018, Investorplace.com published: “President Trump Unexpectedly Made Tech Stocks Great Again” on May 23, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” published on May 17, 2018 as well as Nasdaq.com‘s news article titled: “Facebook, Qualcomm Teaming Up on High-Speed Internet” with publication date: May 21, 2018.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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