As Exxon Mobil (XOM) Stock Declined, Shareholder Wetherby Asset Management Has Trimmed Stake by $492,618; Sysco Com (SYY) Shareholder First Merchants Lowered Holding by $378,485 as Share Price Rose

June 23, 2018 - By Lawrence Diaz

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Wetherby Asset Management Inc decreased its stake in Exxon Mobil Corp (XOM) by 7.02% based on its latest 2018Q1 regulatory filing with the SEC. Wetherby Asset Management Inc sold 6,657 shares as the company’s stock declined 0.16% with the market. The institutional investor held 88,215 shares of the integrated oil company at the end of 2018Q1, valued at $6.58 million, down from 94,872 at the end of the previous reported quarter. Wetherby Asset Management Inc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $344.55B market cap company. The stock increased 2.12% or $1.69 during the last trading session, reaching $81.38. About 16.71M shares traded or 23.64% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since June 23, 2017 and is downtrending. It has underperformed by 16.29% the S&P500. Some Historical XOM News: 19/03/2018 – EXXONMOBIL BUYS LNG CARGO FOR QUAKE-HIT PAPUA NEW GUINEA FACILITY FOR EARLY APRIL – TRADERS; 20/03/2018 – Exxon Considers Expanding Polypropylene Production Along Gulf Coast; 27/04/2018 – Eaton Vance’s Eddie Perkin on Exxon Earnings and Outlook (Video); 15/03/2018 – EXXONMOBIL XOM.N : HSBC RAISES TO BUY FROM REDUCE; 20/04/2018 – Cross Timbers Royalty Trust Declares April Cash Distribution; 27/04/2018 – Correct: Exxon Mobil 1Q Operating Cash Flow $8.52B; 22/05/2018 – Exxon Won First Round of Island Gas Prize; Now Locals Want More; 07/03/2018 – GM CEO Wants EV Tax Credits, Exxon Boosts Spending: Energy Wrap; 07/03/2018 – RPT-FOCUS-Exxon CEO struggles to reverse Tillerson’s legacy of failed bets; 27/04/2018 – STONE ENERGY – EXECUTION OF DEAL TO PURCHASE RAM POWELL UNIT, RELATED ASSETS, FROM SHELL OFFSHORE, EXXON MOBIL CORPORATION AND ANADARKO US OFFSHORE

First Merchants Corp decreased its stake in Sysco Corp Com (SYY) by 20.33% based on its latest 2018Q1 regulatory filing with the SEC. First Merchants Corp sold 6,415 shares as the company’s stock rose 7.86% while stock markets declined. The institutional investor held 25,132 shares of the food distributors company at the end of 2018Q1, valued at $1.51M, down from 31,547 at the end of the previous reported quarter. First Merchants Corp who had been investing in Sysco Corp Com for a number of months, seems to be less bullish one the $35.32 billion market cap company. The stock decreased 0.43% or $0.29 during the last trading session, reaching $67.79. About 2.29M shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since June 23, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Investors sentiment decreased to 0.8 in Q1 2018. Its down 0.10, from 0.9 in 2017Q4. It dropped, as 57 investors sold SYY shares while 363 reduced holdings. 89 funds opened positions while 245 raised stakes. 408.53 million shares or 2.03% more from 400.42 million shares in 2017Q4 were reported. Nichols Pratt Advisers Limited Liability Partnership Ma has invested 1.37% of its portfolio in Sysco Corporation (NYSE:SYY). State Treasurer State Of Michigan stated it has 0.07% of its portfolio in Sysco Corporation (NYSE:SYY). Everence Cap Inc holds 0.11% or 7,993 shares. Ifrah Fincl Ser Inc owns 6,501 shares for 0.14% of their portfolio. Texas Yale, Florida-based fund reported 13,350 shares. Colony Limited Liability Com owns 6,591 shares for 0.02% of their portfolio. Fdx Advsr holds 31,210 shares. First Manhattan owns 0.01% invested in Sysco Corporation (NYSE:SYY) for 17,050 shares. Comerica Comml Bank holds 0.15% in Sysco Corporation (NYSE:SYY) or 339,484 shares. Benjamin F Edwards And, a Missouri-based fund reported 11,269 shares. Plante Moran Advsrs Limited Liability Corp holds 0.07% of its portfolio in Sysco Corporation (NYSE:SYY) for 2,149 shares. Moreover, Union Comml Bank Corporation has 0.28% invested in Sysco Corporation (NYSE:SYY) for 14,978 shares. Mondrian Invest Ltd owns 1,000 shares. Girard Prtn has invested 0.06% in Sysco Corporation (NYSE:SYY). Rathbone Brothers Plc accumulated 32,975 shares.

More recent Sysco Corporation (NYSE:SYY) news were published by: Bizjournals.com which released: “Study: These Houston companies rank among America’s most valuable brands” on June 21, 2018. Also Seekingalpha.com published the news titled: “Sysco: Wait For A Pullback” on June 22, 2018. Globenewswire.com‘s news article titled: “Sysco Announces Multi-Site Solar Garden Project in Texas” with publication date: June 06, 2018 was also an interesting one.

Since January 2, 2018, it had 0 insider purchases, and 18 sales for $318.78 million activity. $921,492 worth of Sysco Corporation (NYSE:SYY) shares were sold by Shurts Wayne. 11,323 shares were sold by Goetz William W, worth $702,026. Another trade for 2.28M shares valued at $150.74M was sold by Frank Joshua D.. 5,000 Sysco Corporation (NYSE:SYY) shares with value of $299,000 were sold by TILGHMAN RICHARD G. PELTZ NELSON sold $150.74 million worth of Sysco Corporation (NYSE:SYY) on Tuesday, June 12. The insider Libby Russell T. sold $809,240.

Among 21 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Sysco Corporation had 61 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $61 target in Tuesday, May 8 report. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, January 23 by BMO Capital Markets. The company was maintained on Thursday, December 7 by Jefferies. The firm earned “Buy” rating on Tuesday, November 8 by Bank of America. The stock of Sysco Corporation (NYSE:SYY) earned “Overweight” rating by JP Morgan on Tuesday, February 7. The firm has “Underweight” rating given on Friday, September 23 by Barclays Capital. The company was maintained on Tuesday, June 19 by Citigroup. The stock of Sysco Corporation (NYSE:SYY) earned “Buy” rating by BMO Capital Markets on Tuesday, September 5. Citigroup maintained it with “Neutral” rating and $63 target in Tuesday, March 27 report. On Friday, February 19 the stock rating was maintained by Credit Suisse with “Outperform”.

First Merchants Corp, which manages about $595.67 million US Long portfolio, upped its stake in Cullen Frost Bankers Com (NYSE:CFR) by 3,632 shares to 11,832 shares, valued at $1.26M in 2018Q1, according to the filing. It also increased its holding in Vanguard S&P 500 Etf (VOO) by 19,050 shares in the quarter, for a total of 25,350 shares, and has risen its stake in Vanguard Ftse Developed Markets Etf (VEA).

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on August, 13. They expect $0.93 EPS, up 29.17% or $0.21 from last year’s $0.72 per share. SYY’s profit will be $484.52M for 18.22 P/E if the $0.93 EPS becomes a reality. After $0.67 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts 38.81% EPS growth.

Among 27 analysts covering Exxon Mobil (NYSE:XOM), 11 have Buy rating, 5 Sell and 11 Hold. Therefore 41% are positive. Exxon Mobil had 97 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, October 19. Credit Agricole initiated the stock with “Outperform” rating in Tuesday, December 15 report. As per Tuesday, January 26, the company rating was downgraded by Tudor Pickering. On Wednesday, September 6 the stock rating was upgraded by UBS to “Neutral”. As per Thursday, March 15, the company rating was upgraded by HSBC. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Jefferies on Thursday, July 27. On Thursday, March 2 the stock rating was upgraded by Credit Suisse to “Neutral”. Piper Jaffray maintained Exxon Mobil Corporation (NYSE:XOM) rating on Thursday, August 24. Piper Jaffray has “Hold” rating and $76.0 target. Credit Suisse initiated the stock with “Hold” rating in Monday, December 11 report. As per Monday, June 5, the company rating was upgraded by Howard Weil.

Wetherby Asset Management Inc, which manages about $3.65B and $724.51M US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VT) by 13,685 shares to 200,011 shares, valued at $14.73M in 2018Q1, according to the filing. It also increased its holding in Aflac Inc (NYSE:AFL) by 10,941 shares in the quarter, for a total of 21,168 shares, and has risen its stake in At&T Inc (NYSE:T).

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.03, from 0.84 in 2017Q4. It dropped, as 52 investors sold XOM shares while 836 reduced holdings. 121 funds opened positions while 596 raised stakes. 2.15 billion shares or 0.92% less from 2.17 billion shares in 2017Q4 were reported. Gulf International Bankshares (Uk) stated it has 1.29% in Exxon Mobil Corporation (NYSE:XOM). Bank, Texas-based fund reported 118,294 shares. Argent Co invested in 3.66% or 179,287 shares. Mengis Cap has 19,312 shares. Comml Bank Of America Corp De holds 0.5% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 39.23 million shares. Goldman Sachs Gru accumulated 25.72 million shares or 0.49% of the stock. 18,549 are held by Baltimore. Lpl Limited holds 0.25% in Exxon Mobil Corporation (NYSE:XOM) or 1.22 million shares. Windsor Limited Liability Corporation holds 21,936 shares. Peddock Cap Advsrs Ltd Liability Corp invested in 774,245 shares. Ubs Asset Mgmt Americas holds 15.22M shares. Tiaa Cref Mgmt Limited Liability Company reported 13.44M shares. Moreover, Stillwater Advisors Ltd Liability Co has 1.97% invested in Exxon Mobil Corporation (NYSE:XOM). Congress Asset Mgmt Ma, Massachusetts-based fund reported 91,801 shares. Transamerica Fin Advisors has invested 0% in Exxon Mobil Corporation (NYSE:XOM).

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on July, 27. They expect $1.19 earnings per share, up 52.56% or $0.41 from last year’s $0.78 per share. XOM’s profit will be $5.04B for 17.10 P/E if the $1.19 EPS becomes a reality. After $1.09 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 9.17% EPS growth.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Bizjournals.com which released: “Study: These DFW companies rank among America’s most valuable brands” on June 22, 2018, also Seekingalpha.com with their article: “ExxonMobil: Strong Buy?” published on May 29, 2018, Fool.com published: “3 Stocks for Warren Buffett Fans” on June 12, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon Mobil Becomes A Political Battleground” published on May 25, 2018 as well as Fool.com‘s news article titled: “Better Buy: ConocoPhillips vs. ExxonMobil Corporation” with publication date: June 22, 2018.

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