Exxon Mobil (XOM) Shareholder Aspen Investment Management Has Cut Its Position; Anchorage Capital Group Position in Cbs New (Call) (CBS) Has Lowered by $101.50 Million as Stock Value Declined

February 17, 2018 - By Adrian Mccoy

Aspen Investment Management Inc decreased its stake in Exxon Mobil Corp (XOM) by 68.48% based on its latest 2017Q3 regulatory filing with the SEC. Aspen Investment Management Inc sold 72,165 shares as the company’s stock rose 0.21% with the market. The institutional investor held 33,221 shares of the integrated oil company at the end of 2017Q3, valued at $2.72M, down from 105,386 at the end of the previous reported quarter. Aspen Investment Management Inc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $324.45B market cap company. The stock increased 0.43% or $0.33 during the last trading session, reaching $76.54. About 13.72 million shares traded or 5.21% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 17, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.




Anchorage Capital Group Llc decreased its stake in Cbs Corp New (Call) (CBS) by 81.4% based on its latest 2017Q3 regulatory filing with the SEC. Anchorage Capital Group Llc sold 1.75 million shares as the company’s stock declined 6.13% while stock markets rallied. The hedge fund held 400,000 shares of the broadcasting company at the end of 2017Q3, valued at $23.20 million, down from 2.15M at the end of the previous reported quarter. Anchorage Capital Group Llc who had been investing in Cbs Corp New (Call) for a number of months, seems to be less bullish one the $21.18 billion market cap company. The stock decreased 2.38% or $1.35 during the last trading session, reaching $55.39. About 5.50 million shares traded or 5.34% up from the average. CBS Corporation (NYSE:CBS) has risen 18.35% since February 17, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Among 36 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. CBS Corp had 109 analyst reports since August 6, 2015 according to SRatingsIntel. On Tuesday, January 2 the stock rating was maintained by Stephens with “Buy”. The firm has “Neutral” rating given on Tuesday, January 2 by Macquarie Research. RBC Capital Markets maintained CBS Corporation (NYSE:CBS) rating on Friday, November 3. RBC Capital Markets has “Buy” rating and $66.0 target. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Tuesday, September 19 by Cowen & Co. The firm has “Outperform” rating given on Friday, August 21 by Credit Suisse. The company was downgraded on Monday, January 29 by Wells Fargo. BMO Capital Markets maintained the shares of CBS in report on Monday, October 16 with “Buy” rating. The firm has “Market Perform” rating given on Tuesday, December 13 by Telsey Advisory Group. Loop Capital maintained the stock with “Buy” rating in Monday, November 13 report. The company was initiated on Friday, February 5 by Telsey Advisory Group.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on February, 21. They expect $1.19 earnings per share, up 7.21% or $0.08 from last year’s $1.11 per share. CBS’s profit will be $455.03 million for 11.64 P/E if the $1.19 EPS becomes a reality. After $1.11 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts 7.21% EPS growth.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.23, from 0.8 in 2017Q2. It increased, as 53 investors sold CBS shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. Liberty Mutual Group Inc Asset invested in 0.05% or 16,387 shares. Palladium Prtnrs Limited Company stated it has 0.02% in CBS Corporation (NYSE:CBS). Sumitomo Mitsui Asset Limited holds 0.04% or 48,219 shares in its portfolio. Dynamic Capital Management Ltd stated it has 10,201 shares or 0.17% of all its holdings. Moreover, Pitcairn Co has 0.07% invested in CBS Corporation (NYSE:CBS) for 11,394 shares. Tremblant Capital Group owns 2.99% invested in CBS Corporation (NYSE:CBS) for 1.17 million shares. Ahl Llp invested 0.02% in CBS Corporation (NYSE:CBS). First Personal Service stated it has 0.04% of its portfolio in CBS Corporation (NYSE:CBS). Baystate Wealth Llc stated it has 0% in CBS Corporation (NYSE:CBS). Scopus Asset Mngmt LP invested in 0.72% or 1.20M shares. Moreover, Tocqueville Asset Mgmt LP has 0% invested in CBS Corporation (NYSE:CBS). Warren Averett Asset Mngmt Limited Company holds 21,799 shares or 0.27% of its portfolio. Point72 Asset LP accumulated 1.16 million shares or 0.3% of the stock. Vanguard Grp invested 0% of its portfolio in CBS Corporation (NYSE:CBS). Alexandria Capital Limited Liability Corp reported 0.01% stake.

Since August 22, 2017, it had 0 insider buys, and 14 selling transactions for $99.65 million activity. MOONVES LESLIE sold 85,000 shares worth $5.02 million. Another trade for 54,131 shares valued at $3.16 million was sold by Schwartz Gil D.

Anchorage Capital Group Llc, which manages about $16.82 billion and $9.14B US Long portfolio, upped its stake in Gaming & Leisure Pptys Inc (NASDAQ:GLPI) by 80,000 shares to 607,344 shares, valued at $22.41 million in 2017Q3, according to the filing. It also increased its holding in Constellium Nv (NYSE:CSTM) by 500,000 shares in the quarter, for a total of 3.06M shares, and has risen its stake in Spdr S&P 500 Etf Tr (Call) (SPY).

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 7 Sell and 10 Hold. Therefore 35% are positive. Exxon Mobil had 88 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Monday, May 1 with “Hold”. The company was downgraded on Tuesday, November 7 by HSBC. The firm earned “Market Perform” rating on Friday, December 2 by BMO Capital Markets. RBC Capital Markets reinitiated it with “Buy” rating and $9500 target in Thursday, July 6 report. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Friday, April 7 by Jefferies. The rating was upgraded by Scotia Capital on Monday, June 5 to “Buy”. The firm earned “Neutral” rating on Friday, July 21 by Citigroup. Credit Agricole initiated the shares of XOM in report on Tuesday, December 15 with “Outperform” rating. The firm has “Hold” rating given on Wednesday, December 20 by Jefferies. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, July 11.

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