As Exxon Mobil Corp (XOM) Stock Price Declined, Hightower Advisors LLC Upped by $127.11 Million Its Stake

May 17, 2018 - By Jason Grubb

Exxon Mobil Corporation (NYSE:XOM) LogoInvestors sentiment decreased to 0.84 in Q4 2017. Its down 0.01, from 0.85 in 2017Q3. It worsened, 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. New York-based Jpmorgan Chase has invested 0.44% in Exxon Mobil Corporation (NYSE:XOM). First Finance Bancorporation accumulated 40,991 shares. Arete Wealth Advsrs Ltd Liability has 0.53% invested in Exxon Mobil Corporation (NYSE:XOM) for 19,582 shares. Massmutual Fsb Adv reported 5 shares. Congress Asset Management Ma has invested 0.11% in Exxon Mobil Corporation (NYSE:XOM). Bluemountain Capital Mngmt Ltd Liability Company owns 149,740 shares. Moreover, Raymond James Finance Serv Advsr has 0.59% invested in Exxon Mobil Corporation (NYSE:XOM). Pring Turner Grp Incorporated Inc owns 3,650 shares. State Of New Jersey Common Pension Fund D owns 1.38% invested in Exxon Mobil Corporation (NYSE:XOM) for 4.36M shares. Brick And Kyle Associates holds 16,590 shares or 1.13% of its portfolio. Boston Family Office Limited Liability holds 1.65% in Exxon Mobil Corporation (NYSE:XOM) or 179,905 shares. Gateway Advisory Ltd Com invested in 0.59% or 25,351 shares. Punch & Assoc Inv Mgmt reported 48,066 shares. M Secs accumulated 50,486 shares or 0.14% of the stock. Haverford reported 1.87% stake.

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

Hightower Advisors Llc increased its stake in Exxon Mobil Corp (XOM) by 153145.8% based on its latest 2017Q4 regulatory filing with the SEC. Hightower Advisors Llc bought 1.53 million shares as the company’s stock declined 12.23% with the market. The institutional investor held 1.53 million shares of the integrated oil company at the end of 2017Q4, valued at $128.23M, up from 1,000 at the end of the previous reported quarter. Hightower Advisors Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $347.26B market cap company. It closed at $82.02 lastly. It is down 9.29% since May 17, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Hightower Advisors Llc, which manages about $15.08B and $12.18 billion US Long portfolio, decreased its stake in Alphabet Inc by 3,174 shares to 44,258 shares, valued at $46.05M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Intl Equity Index F (VWO) by 81,783 shares in the quarter, leaving it with 715,548 shares, and cut its stake in Spdr Series Trust (JNK).

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon: Is The Bottom In?” on May 04, 2018, also Seekingalpha.com with their article: “Exxon Mobil’s Fair Value Is $78 Per Share” published on May 14, 2018, Nasdaq.com published: “What’s Next For Oil?” on May 16, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon Loses An Enemy” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Exxon Stock Isn’t So Slick” with publication date: May 01, 2018.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Among 11 analysts covering Exxon Mobil (NYSE:XOM), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. Exxon Mobil had 19 analyst reports since November 21, 2017 according to SRatingsIntel. Morgan Stanley maintained it with “Underweight” rating and $90 target in Wednesday, January 24 report. The rating was maintained by Credit Suisse on Monday, February 5 with “Neutral”. The stock has “Hold” rating by Piper Jaffray on Tuesday, January 23. Jefferies maintained the stock with “Hold” rating in Wednesday, December 20 report. Bank of America maintained it with “Buy” rating and $100 target in Thursday, March 8 report. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Piper Jaffray on Tuesday, November 21. The firm has “Neutral” rating given on Monday, April 30 by Credit Suisse. The rating was maintained by Piper Jaffray on Sunday, April 22 with “Hold”. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Buy” rating by HSBC on Thursday, March 15. As per Monday, December 11, the company rating was initiated by Credit Suisse.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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