Weiss Asset Management LP Increases Holding in Herbalife LTD (HLF); Exxon Mobil (XOM) Shareholder Inverness Counsel Has Increased Its Holding by $2.44 Million

February 17, 2018 - By Pete Kolinski

Andrew Weiss increased its stake in Herbalife Ltd (HLF) by 197.89% based on its latest 2017Q3 regulatory filing with the SEC. Weiss Asset Management Lp bought 6,766 shares as the company’s stock rose 17.28% with the market. The hedge fund run by Andrew Weiss held 10,185 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $691,000, up from 3,419 at the end of the previous reported quarter. Weiss Asset Management Lp who had been investing in Herbalife Ltd for a number of months, seems to be bullish on the $6.92B market cap company. The stock decreased 0.19% or $0.16 during the last trading session, reaching $83.72. About 776,965 shares traded. Herbalife Ltd. (NYSE:HLF) has risen 20.65% since February 17, 2017 and is uptrending. It has outperformed by 3.95% the S&P500.

Inverness Counsel Llc increased its stake in Exxon Mobil Corp (XOM) by 13.04% based on its latest 2017Q3 regulatory filing with the SEC. Inverness Counsel Llc bought 30,171 shares as the company’s stock rose 0.21% with the market. The institutional investor held 261,469 shares of the integrated oil company at the end of 2017Q3, valued at $21.44 million, up from 231,298 at the end of the previous reported quarter. Inverness Counsel Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $324.45B market cap company. The stock increased 0.43% or $0.33 during the last trading session, reaching $76.54. About 13.72M 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.

Investors sentiment increased to 0.89 in Q3 2017. Its up 0.10, from 0.79 in 2017Q2. It increased, as 37 investors sold HLF shares while 56 reduced holdings. 30 funds opened positions while 53 raised stakes. 95.88 million shares or 1.95% less from 97.79 million shares in 2017Q2 were reported. Envestnet Asset Management reported 157 shares. Moreover, Fort Lp has 1.04% invested in Herbalife Ltd. (NYSE:HLF). The North Carolina-based First Personal Fincl Service has invested 0.01% in Herbalife Ltd. (NYSE:HLF). Evercore Wealth Mngmt Ltd Liability Corporation holds 0% or 319 shares in its portfolio. Grp Inc One Trading Ltd Partnership holds 0.02% or 28,772 shares in its portfolio. First Quadrant Lp Ca has 0.01% invested in Herbalife Ltd. (NYSE:HLF). Omers Administration, Ontario – Canada-based fund reported 172,800 shares. Moreover, Lyon Street Ltd Liability Corporation has 3.52% invested in Herbalife Ltd. (NYSE:HLF) for 134,532 shares. Tower Rech Capital Limited Liability Co (Trc) owns 272 shares. Renaissance Technology Limited Liability reported 0.03% of its portfolio in Herbalife Ltd. (NYSE:HLF). Moreover, Sterling Cap Llc has 0.01% invested in Herbalife Ltd. (NYSE:HLF). Moreover, Tudor Corporation Et Al has 0.05% invested in Herbalife Ltd. (NYSE:HLF) for 27,639 shares. M&T Comml Bank Corporation reported 5,371 shares stake. Zurcher Kantonalbank (Zurich Cantonalbank) has 2,523 shares for 0% of their portfolio. 100,200 are owned by Spark Management Ltd.

Among 7 analysts covering Herbalife (NYSE:HLF), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Herbalife had 22 analyst reports since August 6, 2015 according to SRatingsIntel. Pivotal Research maintained it with “Buy” rating and $100.0 target in Thursday, August 27 report. As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT. The firm has “Hold” rating given on Friday, August 7 by Zacks. Tigress Financial maintained the shares of HLF in report on Thursday, August 3 with “Buy” rating. The rating was downgraded by Vetr to “Buy” on Monday, August 31. The rating was downgraded by Vetr on Friday, August 7 to “Buy”. The stock has “Buy” rating by Pivotal Research on Monday, June 5. Citigroup maintained Herbalife Ltd. (NYSE:HLF) rating on Tuesday, October 3. Citigroup has “Neutral” rating and $73 target. The rating was maintained by Pivotal Research with “Buy” on Wednesday, November 4. Pivotal Research maintained Herbalife Ltd. (NYSE:HLF) rating on Wednesday, August 2. Pivotal Research has “Buy” rating and $12000 target.

Weiss Asset Management Lp, which manages about $1.80B and $901.47M US Long portfolio, decreased its stake in Alere Inc by 75,862 shares to 47,414 shares, valued at $19.01M in 2017Q3, according to the filing. It also reduced its holding in Lam Research Corp (Prn) by 3.65 million shares in the quarter, leaving it with 2.01 million shares, and cut its stake in Sprott Physical Plat Pallad (SPPP).

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Lafayette Invs has 2.74% invested in Exxon Mobil Corporation (NYSE:XOM). Commonwealth Equity Services Inc has 1.05% invested in Exxon Mobil Corporation (NYSE:XOM). Texas Permanent School Fund reported 1.17M shares. Mcf Advsrs Limited Liability Co reported 0.33% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Cheviot Value Ltd Limited Liability Company invested in 1.11% or 25,003 shares. 16,088 are held by Baldwin Inv Management Ltd Liability Com. Moreover, Hengehold Capital Mgmt Lc has 0.12% invested in Exxon Mobil Corporation (NYSE:XOM) for 5,622 shares. Caz Investments Limited Partnership stated it has 1.09% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). The Illinois-based Vaughan David Investments Il has invested 0.02% in Exxon Mobil Corporation (NYSE:XOM). Wheatland Inc has invested 0.57% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). State Of Wisconsin Invest Board, Wisconsin-based fund reported 5.12M shares. City Trust Fl stated it has 42,437 shares or 1.34% of all its holdings. Colonial reported 2.29% stake. Raymond James Fin Serv Advsrs has 0.61% invested in Exxon Mobil Corporation (NYSE:XOM). Signature Financial Mngmt reported 0.69% stake.

Since September 18, 2017, it had 0 buys, and 5 selling transactions for $5.23 million activity. Shares for $200,293 were sold by Wascom Dennis G on Friday, December 15. Chapman Neil A had sold 12,000 shares worth $996,628. The insider Milton Bryan W sold $606,082. $1.81M worth of Exxon Mobil Corporation (NYSE:XOM) shares were sold by Franklin Robert Stuart.

Inverness Counsel Llc, which manages about $2.49B and $1.42 billion US Long portfolio, decreased its stake in Automatic Data Proc (NASDAQ:ADP) by 14,000 shares to 53,134 shares, valued at $5.81 million in 2017Q3, according to the filing. It also reduced its holding in Tjx Cos. (NYSE:TJX) by 66,300 shares in the quarter, leaving it with 11,795 shares, and cut its stake in Spdr S&P 500 Etf Trust (Prn) (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. As per Friday, June 23, the company rating was maintained by Jefferies. Piper Jaffray maintained the shares of XOM in report on Thursday, October 5 with “Hold” rating. The stock has “Neutral” rating by Bank of America on Thursday, June 2. Jefferies maintained it with “Hold” rating and $8600 target in Thursday, July 27 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, August 29. The stock has “Market Perform” rating by Wells Fargo on Wednesday, January 11. The rating was maintained by Cowen & Co on Friday, January 19 with “Buy”. Piper Jaffray maintained the stock with “Hold” rating in Thursday, August 24 report. The stock has “Hold” rating by Piper Jaffray on Tuesday, November 21. RBC Capital Markets reinitiated it with “Buy” rating and $9500 target in Thursday, July 6 report.

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