Scorpio Tankers (STNG) Holder Solus Alternative Asset Management LP Has Boosted Stake by $4.07 Million; Old Republic International Has Upped Exxon Mobil (XOM) Position by $23.78 Million; Market Value Declined

May 22, 2018 - By Marguerite Chambers

Exxon Mobil Corporation (NYSE:XOM) Logo

Old Republic International Corp increased its stake in Exxon Mobil Corp (XOM) by 41.34% based on its latest 2017Q4 regulatory filing with the SEC. Old Republic International Corp bought 286,500 shares as the company’s stock declined 12.23% with the market. The institutional investor held 979,500 shares of the integrated oil company at the end of 2017Q4, valued at $81.93 million, up from 693,000 at the end of the previous reported quarter. Old Republic International Corp who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $348.91 billion market cap company. The stock increased 0.16% or $0.13 during the last trading session, reaching $82.41. About 2.45M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since May 22, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Christopher Pucillo increased its stake in Scorpio Tankers Inc (STNG) by 19.23% based on its latest 2017Q4 regulatory filing with the SEC. Solus Alternative Asset Management Lp bought 1.36 million shares as the company’s stock declined 36.71% with the market. The hedge fund run by Christopher Pucillo held 8.42 million shares of the marine transportation company at the end of 2017Q4, valued at $25.68M, up from 7.06M at the end of the previous reported quarter. Solus Alternative Asset Management Lp who had been investing in Scorpio Tankers Inc for a number of months, seems to be bullish on the $945.15 million market cap company. The stock decreased 0.35% or $0.01 during the last trading session, reaching $2.85. About 689,311 shares traded. Scorpio Tankers Inc. (NYSE:STNG) has declined 52.61% since May 22, 2017 and is downtrending. It has underperformed by 64.16% the S&P500.

Old Republic International Corp, which manages about $3.15 billion US Long portfolio, decreased its stake in Hollyfrontier Corp (NYSE:HFC) by 9,000 shares to 402,000 shares, valued at $20.59 million in 2017Q4, according to the filing.

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. On Tuesday, July 11 the stock rating was upgraded by Barclays Capital to “Overweight”. The firm earned “Reduce” rating on Friday, March 18 by Nomura. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Monday, February 5 by Credit Suisse. The firm earned “Market Perform” rating on Thursday, March 8 by Wells Fargo. The firm has “Underperform” rating given on Wednesday, September 23 by Macquarie Research. Jefferies maintained the stock with “Hold” rating in Tuesday, October 3 report. The rating was upgraded by Bank of America on Thursday, May 11 to “Buy”. The rating was reinitiated by RBC Capital Markets with “Buy” on Thursday, July 6. The company was downgraded on Wednesday, November 18 by Raymond James. Hilliard Lyons initiated it with “Long-Term Buy” rating and $90 target in Wednesday, June 7 report.

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 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. Marietta Prtnrs Limited Liability has invested 1.42% in Exxon Mobil Corporation (NYSE:XOM). 12,920 were reported by Foster Dykema Cabot & Ma. Wedgewood Invsts Inc Pa has 1.58% invested in Exxon Mobil Corporation (NYSE:XOM) for 23,200 shares. Fayerweather Charles has 19,340 shares for 2.36% of their portfolio. Amica Pension Fund Board Of Trustees, Rhode Island-based fund reported 154,039 shares. Cap Ltd Limited Liability accumulated 4,056 shares. 300 were accumulated by Solaris Asset Ltd. State Common Retirement Fund owns 1.2% invested in Exxon Mobil Corporation (NYSE:XOM) for 11.92M shares. Tradewinds Cap Mngmt Limited holds 0.09% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 2,319 shares. Toronto Dominion Comml Bank accumulated 2.14 million shares. Moreover, Argyle Capital Mngmt has 0.38% invested in Exxon Mobil Corporation (NYSE:XOM). Altfest L J & Company holds 40,094 shares. Whitnell & Com holds 1.44% or 40,950 shares in its portfolio. 151,839 were accumulated by Boys Arnold Inc. Tradition Capital Mgmt Ltd Liability Corporation stated it has 0.5% of its portfolio in Exxon Mobil Corporation (NYSE:XOM).

Since December 11, 2017, it had 0 buys, and 4 sales for $3.42 million activity. Milton Bryan W also sold $606,082 worth of Exxon Mobil Corporation (NYSE:XOM) on Tuesday, December 12. Wascom Dennis G sold $200,293 worth of stock or 2,412 shares. On Monday, December 11 Corson Bradley W sold $1.62 million worth of Exxon Mobil Corporation (NYSE:XOM) or 19,500 shares.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil: Has The Paradigm Shifted?” on April 25, 2018, also Seekingalpha.com with their article: “Exxon Mobil’s Fair Value Is $78 Per Share” published on May 14, 2018, Seekingalpha.com published: “Exxon Stock Isn’t So Slick” on May 01, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Investorplace.com and their article: “Playing $80 Oil: Be Safe, or Be Daring” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Reuters: Exxon’s Beaumont refinery to overhaul coker, hydrotreater” with publication date: May 14, 2018.

Among 11 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Scorpio Tankers Inc. had 38 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America initiated the stock with “Buy” rating in Tuesday, July 21 report. Bank of America maintained Scorpio Tankers Inc. (NYSE:STNG) on Monday, March 19 with “Buy” rating. The stock of Scorpio Tankers Inc. (NYSE:STNG) earned “Buy” rating by Jefferies on Monday, August 28. Deutsche Bank initiated the stock with “Hold” rating in Tuesday, December 15 report. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. Jefferies maintained the shares of STNG in report on Monday, October 30 with “Buy” rating. UBS downgraded the stock to “Neutral” rating in Tuesday, July 26 report. Bank of America upgraded the stock to “Buy” rating in Friday, May 12 report. The firm has “Buy” rating by DNB Markets given on Wednesday, April 25. Stifel Nicolaus maintained it with “Buy” rating and $7.0 target in Friday, October 27 report.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>