Exxon misses despite higher oil prices; shares down 1.7%

Roman Schwartz
April 29, 2018

The stock of Exxon Mobil Corporation (NYSE:XOM) earned "Hold" rating by Jefferies on Monday, February 5. It has underperformed by 20.84% the S&P500.

Greystone Managed Investments Inc decreased its stake in Bce Inc (BCE) by 3.06% based on its latest 2017Q4 regulatory filing with the SEC.

"Exxon's strategy is at odds with what the market is now looking for", Mark Stoeckle, who manages $2.4 billion including Exxon and Chevron shares at Adams Express Co.in Boston. The institutional investor held 42,141 shares of the consumer services company at the end of 2017Q4, valued at $1.00 million, down from 74,596 at the end of the previous reported quarter. Northeast Financial Consultants Inc who had been investing in Pfizer Inc for a number of months, seems to be bullish on the $220.10B market cap company. About 836,198 shares traded. (NYSE:TJX) has risen 2.67% since April 28, 2017 and is uptrending. It has outperformed by 17.08% the S&P500.

Investors sentiment increased to 1.06 in 2017 Q4. Its down 0.01, from 0.85 in 2017Q3.

"The Exxon strategy right now is not what the market wants", said Mark Stoeckle, portfolio manager of Adams Natural Resources Fund (PEO.N), which holds Exxon shares. 96 funds opened positions while 238 raised stakes.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Pacific Heights Asset Mngmt Ltd invested 1.64% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). The TJX Companies, Inc. The Texas-based Westwood Group Inc Inc has invested 0.09% in Facebook, Inc. Employees Retirement Sys Of Ohio has invested 0.01% of its portfolio in bluebird bio, Inc. (NASDAQ:FB) or 55,000 shares. Northern Tru has invested 0.03% in bluebird bio, Inc. Generally, an investor should consider two types of risk that impact the market value of XOM. Moreover, Peddock Advsr Ltd Co has 0.14% invested in Facebook, Inc. Ajo Limited Partnership, Pennsylvania-based fund reported 6.17M shares. (NASDAQ:BLUE). Federated Investors Pa has invested 0.02% of its portfolio in bluebird bio, Inc. At present, 1 analysts call it Sell, while 12 think it is Hold. Therefore 33% are positive. On Tuesday, March 29 the stock rating was maintained by Deutsche Bank with "Hold". The firm has "Neutral" rating by Citigroup given on Friday, July 21. Roth Capital initiated bluebird bio, Inc. The rating was upgraded by HSBC to "Buy" on Thursday, March 15. As per Wednesday, July 19, the company rating was maintained by M Partners. The rating was upgraded by Vetr on Thursday, August 20 to "Buy". Leerink Swann downgraded bluebird bio, Inc. National Bank & Trust Of Montreal Can owns 3.66M shares.

Analysts await Medtronic plc (NYSE:MDT) to report earnings on May, 24. Chevron is set to report earnings later Thursday morning. The latest exchange of 4.34 Million shares is below its average trading activity of 7.49 Million shares. This is up from its total upstream earnings of $2.52 billion reported in the first quarter of the previous year. Investors holded 2.13 billion in 2017Q3 but now own 2.17 billion shares or 1.92% more.

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Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 11.34, and a price to sales ratio of 4.14.

(Reuters) - Exxon Mobil Corp XOM.N , the world's largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday as weakness in its chemical and refining operations offset a boost from higher crude prices CLc1 LCOc1 . Another trade for 7,281 shares valued at $606,082 was sold by Milton Bryan W. 12,000 shares valued at $996,628 were sold by Chapman Neil A on Thursday, December 14. The insider LANE AMY B sold $82,805.

Big Money Sentiment decreased to 0.84 in Q4 2017. The ratio dived due to XOM positioning: 48 sold and 819 reduced.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Gateway Inv Advisers Ltd Liability invested in 0.77% or 1.12 million shares. Wendell David Associate reported 132,980 shares stake. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since April 28, 2017 and is downtrending.

Exxon Mobil Corporation (XOM) has been given an average price target of $85.98 from analysts, according to data collected by Finviz. Rfg Advisory Grp Inc Llc has 13,222 shares for 0.53% of their portfolio. Willis Investment Counsel acquired 4,800 shares as American Electric Power Co (AEP)'s stock declined 7.09%. Mengis Capital Mngmt Incorporated has invested 0.93% in Exxon Mobil Corporation (NYSE:XOM). The company has Relative Strength Index (RSI 14) of 52.89 along with Average True Range (ATR 14) of 1.47. The share price has moved forward from its 20 days moving average, trading at a distance of 5.16% and stays 6.51% away from its 50 days moving average. Macquarie Ltd owns 441,449 shares or 0.06% of their United States portfolio.

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