Wellington Shields Capital Management Increases Holding in Rpm International (RPM); Palisade Asset Management Raised Exxon Mobil (XOM) Stake

February 15, 2018 - By Peter Erickson

Wellington Shields Capital Management Llc increased its stake in Rpm International Inc. (RPM) by 176.64% based on its latest 2017Q3 regulatory filing with the SEC. Wellington Shields Capital Management Llc bought 21,550 shares as the company’s stock rose 0.21% with the market. The institutional investor held 33,750 shares of the paints and coatings company at the end of 2017Q3, valued at $1.73 million, up from 12,200 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Rpm International Inc. for a number of months, seems to be bullish on the $6.72 billion market cap company. The stock increased 0.06% or $0.03 during the last trading session, reaching $50.25. About 279,409 shares traded. RPM International Inc. (NYSE:RPM) has risen 9.09% since February 15, 2017 and is uptrending. It has underperformed by 7.61% the S&P500.

Palisade Asset Management Llc increased its stake in Exxon Mobil Corp (XOM) by 4.22% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Asset Management Llc bought 6,284 shares as the company’s stock rose 0.21% with the market. The institutional investor held 155,177 shares of the integrated oil company at the end of 2017Q3, valued at $12.72 million, up from 148,893 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $320.95B market cap company. The stock decreased 0.93% or $0.71 during the last trading session, reaching $75.75. About 5.85 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 15, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 7 Sell and 10 Hold. Therefore 35% are positive. Exxon Mobil had 88 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Jefferies on Monday, February 5. TD Securities maintained the shares of XOM in report on Thursday, August 6 with “Hold” rating. As per Tuesday, November 7, the company rating was downgraded by HSBC. UBS maintained it with “Neutral” rating and $85 target in Monday, May 2 report. Barclays Capital maintained Exxon Mobil Corporation (NYSE:XOM) on Tuesday, January 12 with “Equal Weight” rating. The firm has “Neutral” rating given on Monday, February 5 by Credit Suisse. The rating was maintained by Cowen & Co with “Buy” on Tuesday, October 24. The firm has “Long-Term Buy” rating given on Wednesday, June 7 by Hilliard Lyons. The rating was maintained by Cowen & Co on Tuesday, September 19 with “Buy”.

Investors sentiment is 0.85 in 2017 Q3. 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. Bessemer Grp has invested 0.6% in Exxon Mobil Corporation (NYSE:XOM). Spc holds 7,446 shares or 0.15% of its portfolio. Midwest Ltd Liability Company owns 4,691 shares. Brown Advisory Lc has 88,930 shares for 1.58% of their portfolio. Fairfield Bush & invested 0.76% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Goldman Sachs Gru Inc has invested 0.52% in Exxon Mobil Corporation (NYSE:XOM). Jarislowsky Fraser Limited reported 1.53M shares. Moreover, Biondo Investment Advisors Limited Liability Corporation has 0.15% invested in Exxon Mobil Corporation (NYSE:XOM). Capital Management Assoc has invested 1.4% in Exxon Mobil Corporation (NYSE:XOM). Wedge Mgmt L Limited Partnership Nc invested in 0.13% or 172,309 shares. 200,000 were reported by Pacific Heights Asset Mngmt Ltd Liability Corporation. Moneta Group Limited Liability Company invested in 0.39% or 30,983 shares. Fukoku Mutual Life Insur reported 0.23% stake. Lagoda Invest LP reported 1,765 shares. Wade G W And reported 8.7% of its portfolio in Exxon Mobil Corporation (NYSE:XOM).

Since September 18, 2017, it had 0 insider purchases, and 5 sales for $5.23 million activity. On Tuesday, December 12 the insider Milton Bryan W sold $606,082. Chapman Neil A sold $996,628 worth of stock. Shares for $1.62 million were sold by Corson Bradley W on Monday, December 11. Franklin Robert Stuart sold $1.81M worth of stock or 22,656 shares.

Among 10 analysts covering RPM International (NYSE:RPM), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. RPM International had 16 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Northcoast on Friday, February 17 to “Buy”. The company was maintained on Thursday, July 13 by RBC Capital Markets. On Monday, November 13 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of RPM International Inc. (NYSE:RPM) earned “Hold” rating by RBC Capital Markets on Tuesday, September 5. As per Wednesday, February 14, the company rating was upgraded by Vertical Research. Robert W. Baird maintained it with “Hold” rating and $56.0 target in Friday, November 3 report. RBC Capital Markets initiated it with “Sector Perform” rating and $47 target in Wednesday, October 14 report. The stock of RPM International Inc. (NYSE:RPM) earned “Hold” rating by RBC Capital Markets on Monday, June 12. The stock of RPM International Inc. (NYSE:RPM) has “Accumulate” rating given on Tuesday, January 5 by Seaport Global Securities. The stock of RPM International Inc. (NYSE:RPM) has “Neutral” rating given on Tuesday, July 25 by Bank of America.

Since October 13, 2017, it had 0 insider buys, and 3 insider sales for $4.30 million activity. The insider RICE RONALD A sold $2.32 million. SULLIVAN FRANK C sold $1.83 million worth of stock or 35,000 shares.

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