Meyer Handelman Co Decreased Position in Eaton Plc (ETN) by $418,700 as Market Valuation Rose; Exxon Mobil (XOM) Stake Maintained by Sns Financial Group Llc

May 18, 2018 - By Marie Mckinney

Exxon Mobil Corporation (NYSE:XOM) Logo

Sns Financial Group Llc increased its stake in Exxon Mobil Corp (XOM) by 101.77% based on its latest 2017Q4 regulatory filing with the SEC. Sns Financial Group Llc bought 31,207 shares as the company’s stock declined 12.23% with the market. The institutional investor held 61,872 shares of the integrated oil company at the end of 2017Q4, valued at $5.18 million, up from 30,665 at the end of the previous reported quarter. Sns Financial Group Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $345.25 billion market cap company. The stock decreased 0.41% or $0.3351 during the last trading session, reaching $81.5449. About 2.83 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since May 18, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.




Meyer Handelman Co decreased its stake in Eaton Corp Plc (ETN) by 3.09% based on its latest 2017Q4 regulatory filing with the SEC. Meyer Handelman Co sold 5,300 shares as the company’s stock rose 2.84% while stock markets declined. The institutional investor held 166,018 shares of the technology company at the end of 2017Q4, valued at $13.12 million, down from 171,318 at the end of the previous reported quarter. Meyer Handelman Co who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $34.42 billion market cap company. The stock increased 1.34% or $1.04 during the last trading session, reaching $78.71. About 605,442 shares traded. Eaton Corporation plc (NYSE:ETN) has risen 9.67% since May 18, 2017 and is uptrending. It has underperformed by 1.88% the S&P500.

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: Irrational Exuberance” published on May 11, 2018, Seekingalpha.com published: “Exxon Mobil’s Fair Value Is $78 Per Share” on May 14, 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: “Reuters: Exxon’s Baytown refinery gasoline unit shut” with publication date: May 11, 2018.

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.01, from 0.85 in 2017Q3. It dropped, 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. Kings Point Cap Management holds 0.9% or 51,202 shares in its portfolio. 21,180 were reported by Jnba Fincl Advsrs. Kessler Invest Grp Llc has 0.03% invested in Exxon Mobil Corporation (NYSE:XOM) for 265 shares. Empirical Services Ltd Liability accumulated 8,925 shares or 0.16% of the stock. Northstar Inv Advisors Ltd Liability Com stated it has 2.03% in Exxon Mobil Corporation (NYSE:XOM). Cape Ann Commercial Bank stated it has 1.89% in Exxon Mobil Corporation (NYSE:XOM). Windsor Mngmt Ltd Liability Company invested in 20,581 shares. Nelson Van Denburg Campbell Wealth Ltd Limited Liability Company has invested 0.45% in Exxon Mobil Corporation (NYSE:XOM). Ally Fincl reported 180,000 shares. Princeton Portfolio Strategies Group Incorporated Limited holds 64,416 shares or 1.47% of its portfolio. Horan Cap Advsr Ltd Liability Com has 15,982 shares. Birinyi reported 0.47% in Exxon Mobil Corporation (NYSE:XOM). 1.96M were reported by Proshare Advisors Lc. 27,377 were reported by Spears Abacus Advisors Lc. Somerville Kurt F, Massachusetts-based fund reported 97,130 shares.

Since December 11, 2017, it had 0 insider purchases, and 4 sales for $3.42 million activity. Shares for $1.62M were sold by Corson Bradley W on Monday, December 11. 12,000 shares were sold by Chapman Neil A, worth $996,628 on Thursday, December 14. The insider Wascom Dennis G sold $200,293.

Sns Financial Group Llc, which manages about $341.17M and $415.49M US Long portfolio, decreased its stake in Alphabet Inc by 492 shares to 520 shares, valued at $544,000 in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (EEM) by 9,964 shares in the quarter, leaving it with 209,749 shares, and cut its stake in Home Depot Inc (NYSE:HD).

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. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Underperform” rating given on Wednesday, September 23 by Macquarie Research. Jefferies maintained Exxon Mobil Corporation (NYSE:XOM) rating on Wednesday, December 20. Jefferies has “Hold” rating and $85.0 target. Cowen & Co maintained it with “Buy” rating and $100.0 target in Tuesday, October 24 report. The rating was upgraded by Argus Research on Wednesday, May 18 to “Buy”. Piper Jaffray maintained Exxon Mobil Corporation (NYSE:XOM) rating on Tuesday, January 23. Piper Jaffray has “Hold” rating and $89.0 target. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Jefferies on Thursday, July 27. The rating was upgraded by Raymond James to “Hold” on Monday, April 23. Jefferies maintained Exxon Mobil Corporation (NYSE:XOM) on Friday, January 19 with “Hold” rating. On Monday, April 30 the stock rating was maintained by Credit Suisse with “Neutral”. The stock has “Outperform” rating by Credit Agricole on Tuesday, December 15.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on August, 7. They expect $1.30 earnings per share, up 13.04% or $0.15 from last year’s $1.15 per share. ETN’s profit will be $568.49 million for 15.14 P/E if the $1.30 EPS becomes a reality. After $1.10 actual earnings per share reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts 18.18% EPS growth.

Among 31 analysts covering Eaton Corporation (NYSE:ETN), 12 have Buy rating, 2 Sell and 17 Hold. Therefore 39% are positive. Eaton Corporation had 93 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was initiated by Credit Agricole with “Underperform” on Monday, October 19. J.P. Morgan upgraded the shares of ETN in report on Thursday, March 1 to “Hold” rating. The rating was upgraded by Robert W. Baird on Wednesday, January 3 to “Buy”. The firm has “Neutral” rating given on Tuesday, October 17 by Buckingham Research. Avondale initiated the stock with “Market Perform” rating in Thursday, October 15 report. The stock of Eaton Corporation plc (NYSE:ETN) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. KeyBanc Capital Markets maintained the shares of ETN in report on Thursday, October 12 with “Hold” rating. The stock of Eaton Corporation plc (NYSE:ETN) has “Neutral” rating given on Friday, August 14 by Atlantic Securities. The firm has “Neutral” rating by Buckingham Research given on Monday, May 2. The stock of Eaton Corporation plc (NYSE:ETN) has “Buy” rating given on Tuesday, April 10 by Goldman Sachs.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.15, from 1 in 2017Q3. It improved, as 41 investors sold ETN shares while 281 reduced holdings. 104 funds opened positions while 267 raised stakes. 331.54 million shares or 0.44% more from 330.10 million shares in 2017Q3 were reported. 23,850 were accumulated by Cornerstone Prtn Lc. Conning stated it has 113,403 shares or 0.3% of all its holdings. Tradewinds Mngmt accumulated 165 shares. Evercore Wealth Ltd Liability Com holds 0.01% or 1,854 shares. Caisse De Depot Et Placement Du Quebec has 164,798 shares for 0.03% of their portfolio. Caxton Assocs Limited Partnership has 11,083 shares for 0.04% of their portfolio. First City Cap Management owns 16,565 shares or 0.89% of their US portfolio. Pinnacle Prtnrs invested in 0.35% or 42,319 shares. Twin Management has 118,710 shares for 0.46% of their portfolio. California Pub Employees Retirement System owns 0.12% invested in Eaton Corporation plc (NYSE:ETN) for 1.10M shares. Intrust Comml Bank Na reported 11,243 shares. Georgia-based Zwj Investment Counsel has invested 0.04% in Eaton Corporation plc (NYSE:ETN). First Midwest Bank & Trust Tru Division has 0.13% invested in Eaton Corporation plc (NYSE:ETN) for 13,337 shares. Marco Mngmt Limited Liability Company, a Georgia-based fund reported 41,336 shares. New York-based Millennium Mgmt Ltd Liability Co has invested 0.08% in Eaton Corporation plc (NYSE:ETN).

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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