Markel Lowered Position in Exxon (XOM) by $32.40 Million; Target (TGT) Position Lifted by Mutual Of Omaha Bank Wealth Management

January 14, 2018 - By Nellie Frank

Mutual Of Omaha Bank Wealth Management increased its stake in Target Corp (TGT) by 246.47% based on its latest 2017Q3 regulatory filing with the SEC. Mutual Of Omaha Bank Wealth Management bought 12,755 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 17,930 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $1.06M, up from 5,175 at the end of the previous reported quarter. Mutual Of Omaha Bank Wealth Management who had been investing in Target Corp for a number of months, seems to be bullish on the $41.75 billion market cap company. The stock increased 3.78% or $2.8 during the last trading session, reaching $76.8. About 14.85M shares traded or 94.55% up from the average. Target Corporation (NYSE:TGT) has declined 16.51% since January 14, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Tom Gayner decreased its stake in Exxon Corporation (XOM) by 42.34% based on its latest 2017Q3 regulatory filing with the SEC. Markel Corp sold 400,000 shares as the company’s stock rose 0.21% with the market. The hedge fund run by Tom Gayner held 544,800 shares of the integrated oil company at the end of 2017Q3, valued at $44.66 million, down from 944,800 at the end of the previous reported quarter. Markel Corp who had been investing in Exxon Corporation for a number of months, seems to be less bullish one the $370.83B market cap company. The stock increased 0.68% or $0.59 during the last trading session, reaching $87.52. About 9.83M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 14, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Among 28 analysts covering Target Corporation (NYSE:TGT), 8 have Buy rating, 3 Sell and 17 Hold. Therefore 29% are positive. Target Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, August 18, the company rating was maintained by Bank of America. As per Wednesday, August 16, the company rating was upgraded by Gordon Haskett. The stock of Target Corporation (NYSE:TGT) has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. Susquehanna upgraded Target Corporation (NYSE:TGT) on Wednesday, January 10 to “Positive” rating. BMO Capital Markets maintained Target Corporation (NYSE:TGT) rating on Friday, August 21. BMO Capital Markets has “Market Perform” rating and $87 target. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by Stifel Nicolaus on Friday, January 20. On Friday, February 10 the stock rating was initiated by Susquehanna with “Neutral”. Nomura maintained Target Corporation (NYSE:TGT) on Thursday, May 19 with “Neutral” rating. The firm earned “Hold” rating on Thursday, August 31 by Jefferies. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by Robert W. Baird on Tuesday, January 2.

Mutual Of Omaha Bank Wealth Management, which manages about $276.38M US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 9,600 shares to 54,899 shares, valued at $4.50 million in 2017Q3, according to the filing. It also reduced its holding in Cisco Systems Inc (NASDAQ:CSCO) by 12,035 shares in the quarter, leaving it with 51,118 shares, and cut its stake in Kimberly Clark Corp (NYSE:KMB).

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It is the same, 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. Triangle Secs Wealth Mngmt holds 2.55% or 52,226 shares in its portfolio. Stanley reported 3,372 shares. Signature & Advsr Ltd Co reported 6,915 shares or 0.06% of all its holdings. Horizon Invest Limited Liability Corp holds 3,402 shares or 0.12% of its portfolio. Shelter Mutual Ins Communication owns 93,930 shares or 2.4% of their US portfolio. 83,315 were reported by Wealthfront Inc. Aspiriant Limited Liability Com accumulated 0.15% or 22,246 shares. Gilman Hill Asset Mgmt Limited holds 0.37% or 10,960 shares in its portfolio. Rmb Cap Mgmt Limited Liability Corp stated it has 0.19% in Exxon Mobil Corporation (NYSE:XOM). Pettyjohn Wood White invested 3.45% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Wellington Gp Ltd Liability Partnership holds 0.9% in Exxon Mobil Corporation (NYSE:XOM) or 47.96M shares. Hoertkorn Richard Charles owns 11,655 shares or 0.61% of their US portfolio. 1,253 were accumulated by Lenox Wealth Advisors. Texan Cap Mgmt holds 49,321 shares or 2.68% of its portfolio. Retirement Of Alabama stated it has 1.32% of its portfolio in Exxon Mobil Corporation (NYSE:XOM).

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30. They expect $0.99 EPS, up 10.00% or $0.09 from last year’s $0.9 per share. XOM’s profit will be $4.19B for 22.10 P/E if the $0.99 EPS becomes a reality. After $0.93 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Since August 4, 2017, it had 0 buys, and 6 sales for $5.32 million activity. Milton Bryan W sold $606,082 worth of Exxon Mobil Corporation (NYSE:XOM) on Tuesday, December 12. 22,656 Exxon Mobil Corporation (NYSE:XOM) shares with value of $1.81 million were sold by Franklin Robert Stuart. Wascom Dennis G sold 2,412 shares worth $200,293. Corson Bradley W also sold $1.62 million worth of Exxon Mobil Corporation (NYSE:XOM) on Monday, December 11. 1,100 shares were sold by REINEMUND STEVEN, worth $88,253 on Friday, August 4.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 80 analyst reports since July 22, 2015 according to SRatingsIntel. On Tuesday, March 29 the stock rating was maintained by Deutsche Bank with “Hold”. As per Friday, April 7, the company rating was maintained by Jefferies. As per Wednesday, March 8, the company rating was maintained by HSBC. The company was maintained on Thursday, July 20 by RBC Capital Markets. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Equal Weight”. Vetr upgraded it to “Buy” rating and $86.25 target in Thursday, August 20 report. Cowen & Co maintained Exxon Mobil Corporation (NYSE:XOM) rating on Tuesday, September 19. Cowen & Co has “Buy” rating and $100.0 target. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Neutral” rating by UBS on Monday, May 2. The company was maintained on Tuesday, August 29 by RBC Capital Markets. The rating was maintained by Jefferies with “Hold” on Friday, June 23.

Markel Corp, which manages about $5.02B US Long portfolio, upped its stake in Mckesson Corp (NYSE:MCK) by 11,000 shares to 26,100 shares, valued at $4.01M in 2017Q3, according to the filing. It also increased its holding in Oaktree Capital Group Llc (NYSE:OAK) by 36,000 shares in the quarter, for a total of 886,500 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

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