Highfields Capital Management LP Raised Target (TGT) Holding By $67.57 Million; Guardian Life Insurance Company Of America Has Cut Exxon Mobil (XOM) Stake

December 7, 2017 - By Linda Rogers

Highfields Capital Management Lp increased Target Corp (TGT) stake by 25.72% reported in 2017Q2 SEC filing. Highfields Capital Management Lp acquired 1.30 million shares as Target Corp (TGT)’s stock declined 14.90%. The Highfields Capital Management Lp holds 6.35 million shares with $332.10M value, up from 5.05 million last quarter. Target Corp now has $33.01B valuation. The stock decreased 2.38% or $1.48 during the last trading session, reaching $60.72. About 5.56M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since December 7, 2016 and is downtrending. It has underperformed by 33.21% the S&P500.

Guardian Life Insurance Company Of America decreased Exxon Mobil Corp (XOM) stake by 40.16% reported in 2017Q2 SEC filing. Guardian Life Insurance Company Of America sold 6,432 shares as Exxon Mobil Corp (XOM)’s stock rose 0.21%. The Guardian Life Insurance Company Of America holds 9,585 shares with $774,000 value, down from 16,017 last quarter. Exxon Mobil Corp now has $348.63 billion valuation. The stock decreased 0.74% or $0.61 during the last trading session, reaching $82.28. About 13.40 million shares traded or 45.47% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since December 7, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.




Highfields Capital Management Lp decreased Energen Corp (Call) (NYSE:EGN) stake by 1.80 million shares to 1.00 million valued at $49.37 million in 2017Q2. It also reduced Intercontinental Exchange In (NYSE:ICE) stake by 386,000 shares and now owns 2.63M shares. Hilton Worldwide Hldgs Inc was reduced too.

Among 28 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 4 Sell and 17 Hold. Therefore 25% are positive. Target Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 20 by M Partners. The stock of Target Corporation (NYSE:TGT) has “Overweight” rating given on Thursday, February 4 by Piper Jaffray. Deutsche Bank maintained Target Corporation (NYSE:TGT) rating on Monday, May 16. Deutsche Bank has “Hold” rating and $84 target. The stock of Target Corporation (NYSE:TGT) earned “Buy” rating by Citigroup on Monday, November 9. The stock of Target Corporation (NYSE:TGT) has “Outperform” rating given on Thursday, August 18 by Telsey Advisory Group. The stock has “Sell” rating by Gordon Haskett on Tuesday, May 9. Stifel Nicolaus maintained Target Corporation (NYSE:TGT) rating on Thursday, November 16. Stifel Nicolaus has “Hold” rating and $62 target. The firm has “Outperform” rating given on Wednesday, January 18 by Telsey Advisory Group. Goldman Sachs maintained Target Corporation (NYSE:TGT) rating on Thursday, August 18. Goldman Sachs has “Neutral” rating and $71 target. The stock of Target Corporation (NYSE:TGT) earned “Neutral” rating by Guggenheim on Friday, September 30.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 77 analyst reports since July 22, 2015 according to SRatingsIntel. HSBC maintained Exxon Mobil Corporation (NYSE:XOM) rating on Wednesday, March 8. HSBC has “Hold” rating and $85 target. The firm has “Hold” rating given on Thursday, August 17 by Piper Jaffray. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Underperform” rating by Raymond James on Wednesday, November 18. On Wednesday, September 6 the stock rating was upgraded by UBS to “Neutral”. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, August 29 report. Cowen & Co maintained the stock with “Buy” rating in Tuesday, October 24 report. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, June 13. As per Tuesday, October 3, the company rating was maintained by Jefferies. Jefferies maintained Exxon Mobil Corporation (NYSE:XOM) rating on Tuesday, August 29. Jefferies has “Hold” rating and $81.0 target. The rating was upgraded by Goldman Sachs on Wednesday, July 22 to “Conviction Buy”.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30. They expect $0.99 earnings per share, up 10.00% or $0.09 from last year’s $0.9 per share. XOM’s profit will be $4.19B for 20.78 P/E if the $0.99 EPS becomes a reality. After $0.93 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.04, from 0.89 in 2017Q1. It worsened, as 48 investors sold XOM shares while 822 reduced holdings. 103 funds opened positions while 639 raised stakes. 2.12 billion shares or 0.55% more from 2.10 billion shares in 2017Q1 were reported. Arete Wealth Advsr Ltd Liability Corp holds 0.71% or 19,203 shares in its portfolio. Acadian Asset Mgmt Lc reported 313,940 shares stake. Eos Mngmt Ltd Partnership holds 0.72% or 15,260 shares in its portfolio. Washington Tru holds 1.8% in Exxon Mobil Corporation (NYSE:XOM) or 365,153 shares. Baltimore reported 0.32% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Welch Grp Inc Llc, Alabama-based fund reported 224,265 shares. Ferguson Wellman Capital Mngmt has 171,020 shares for 0.52% of their portfolio. 297,014 are held by Schwartz Counsel. Granite Invest Ptnrs Ltd invested in 40,077 shares. Sii Investments Wi accumulated 66,108 shares. Campbell Newman Asset Mgmt, a Wisconsin-based fund reported 184,116 shares. Putnam Investments Limited Liability accumulated 4.15 million shares. Rathbone Brothers Public Limited Com accumulated 1.1% or 306,624 shares. Mayo Investment Advisers Limited Liability Com reported 3,685 shares. Terril Brothers holds 0.32% in Exxon Mobil Corporation (NYSE:XOM) or 11,275 shares.

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