Smith Asset Management Group LP Has Increased By $1.18 Million Its Exxon Mobil (XOM) Holding; Timken Co (TKR) Has 1.4 Sentiment

December 7, 2017 - By Peter Erickson

Smith Asset Management Group Lp increased Exxon Mobil Corp (XOM) stake by 9.48% reported in 2017Q2 SEC filing. Smith Asset Management Group Lp acquired 14,721 shares as Exxon Mobil Corp (XOM)’s stock rose 0.21%. The Smith Asset Management Group Lp holds 169,954 shares with $13.72 million value, up from 155,233 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 13.40M 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.

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, couplings, and related products worldwide. The company has market cap of $3.79 billion. It operates through two divisions, Mobile Industries and Process Industries. It has a 21.53 P/E ratio. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, and related products and maintenance services to original equipment manufacturers and end users of off-highway equipment, such as agricultural, construction, mining, outdoor power equipment, and powersports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

Ratings analysis reveals 0 of Timken’s analysts are positive. Out of 2 Wall Street analysts rating Timken, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. TKR was included in 2 notes of analysts from November 17, 2016. The stock has “Hold” rating by Stifel Nicolaus on Thursday, December 8. Bank of America downgraded the stock to “Neutral” rating in Thursday, November 17 report.

The stock decreased 0.10% or $0.05 during the last trading session, reaching $48.8. About 469,395 shares traded. The Timken Company (TKR) has risen 41.86% since December 7, 2016 and is uptrending. It has outperformed by 25.16% the S&P500.

Analysts await The Timken Company (NYSE:TKR) to report earnings on February, 8. They expect $0.67 earnings per share, up 42.55% or $0.20 from last year’s $0.47 per share. TKR’s profit will be $52.01M for 18.21 P/E if the $0.67 EPS becomes a reality. After $0.71 actual earnings per share reported by The Timken Company for the previous quarter, Wall Street now forecasts -5.63% negative EPS growth.

Southport Management L.L.C. holds 5.59% of its portfolio in The Timken Company for 45,000 shares. Southernsun Asset Management Llc owns 4.48 million shares or 5.3% of their US portfolio. Moreover, Beddow Capital Management Inc has 2.5% invested in the company for 133,900 shares. The Connecticut-based Chilton Investment Co Llc has invested 1.75% in the stock. Phocas Financial Corp., a California-based fund reported 270,024 shares.

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.04, from 0.89 in 2017Q1. It dropped, 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. Tower Bridge Advsr invested 0% in Exxon Mobil Corporation (NYSE:XOM). Linscomb And Williams has 889,226 shares. Moller Svcs holds 0.27% or 7,983 shares. 91,550 are owned by Cohen Capital Management Incorporated. Headinvest Ltd Liability Company has invested 2.26% in Exxon Mobil Corporation (NYSE:XOM). David R Rahn And Assoc has 0.15% invested in Exxon Mobil Corporation (NYSE:XOM). Artemis Invest Mgmt Llp accumulated 24,941 shares or 0.05% of the stock. Mairs & Power accumulated 0.8% or 817,679 shares. Numeric Investors Ltd Com holds 69,390 shares or 0.05% of its portfolio. Wills Fin Group holds 72,018 shares. Zwj Inv Counsel reported 0.51% in Exxon Mobil Corporation (NYSE:XOM). Orca Inv Mgmt Limited Company accumulated 4,527 shares or 0.34% of the stock. Arga Inv LP holds 48,900 shares. Weybosset Rech & Mgmt Ltd Liability Com holds 28,867 shares. 90,411 were reported by Wilbanks Smith Thomas Asset Mgmt Lc.

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. Jefferies maintained the shares of XOM in report on Thursday, July 27 with “Hold” rating. The company was maintained on Monday, May 2 by Credit Suisse. BMO Capital Markets maintained the shares of XOM in report on Monday, May 1 with “Hold” rating. The firm has “Strong-Buy” rating by Vetr given on Wednesday, August 12. Credit Suisse upgraded the stock to “Neutral” rating in Thursday, March 2 report. The rating was upgraded by UBS to “Neutral” on Wednesday, September 6. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Buy” rating given on Friday, July 28 by Cowen & Co. Credit Agricole initiated the shares of XOM in report on Tuesday, December 15 with “Outperform” rating. As per Monday, May 2, the company rating was maintained by UBS. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Sector Outperform” rating given on Monday, June 5 by Howard Weil.

Smith Asset Management Group Lp decreased Orasure Technologies Inc (NASDAQ:OSUR) stake by 114,877 shares to 322,987 valued at $5.58M in 2017Q2. It also reduced Vmware Inc (NYSE:VMW) stake by 76,620 shares and now owns 445,170 shares. American Tower Corp (NYSE:AMT) was reduced too.

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