Provident Investment Management Lifted Stake in Exxon Mobil (XOM) by $1.50 Million; Intersect Ent (XENT) Holder Kopp Investment Advisors Has Decreased Its Position by $2.41 Million as Market Valuation Rose

January 16, 2018 - By Vivian Park

Provident Investment Management Inc increased its stake in Exxon Mobil Corp (XOM) by 370.56% based on its latest 2017Q3 regulatory filing with the SEC. Provident Investment Management Inc bought 18,580 shares as the company’s stock rose 0.21% with the market. The institutional investor held 23,594 shares of the integrated oil company at the end of 2017Q3, valued at $1.93 million, up from 5,014 at the end of the previous reported quarter. Provident Investment Management Inc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $367.57 billion market cap company. The stock decreased 0.88% or $0.77 during the last trading session, reaching $86.75. About 5.23 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 16, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Kopp Investment Advisors Llc decreased its stake in Intersect Ent Inc. (XENT) by 25.7% based on its latest 2017Q3 regulatory filing with the SEC. Kopp Investment Advisors Llc sold 77,591 shares as the company’s stock rose 72.35% with the market. The institutional investor held 224,372 shares of the health care company at the end of 2017Q3, valued at $6.99 million, down from 301,963 at the end of the previous reported quarter. Kopp Investment Advisors Llc who had been investing in Intersect Ent Inc. for a number of months, seems to be less bullish one the $980.88 million market cap company. The stock decreased 3.06% or $1.05 during the last trading session, reaching $33.3. About 147,504 shares traded. Intersect ENT, Inc. (NASDAQ:XENT) has risen 79.98% since January 16, 2017 and is uptrending. It has outperformed by 63.28% the S&P500.

Investors sentiment is 0.85 in Q3 2017. 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. Pineno Levin And Ford Asset Mngmt stated it has 49,399 shares or 1.86% of all its holdings. Bruce And Incorporated invested in 0.09% or 5,184 shares. Mengis Management Inc holds 0.95% in Exxon Mobil Corporation (NYSE:XOM) or 17,387 shares. Ntv Asset Mngmt Limited Liability invested in 1.27% or 53,235 shares. Hendley & Communications Inc reported 12,182 shares or 0.55% of all its holdings. Stewart And Patten Ltd Llc stated it has 158,738 shares. 331,346 are held by Smith Chas P Assoc Pa Cpas. The Pennsylvania-based Smithbridge Asset Mgmt De has invested 1.99% in Exxon Mobil Corporation (NYSE:XOM). Community And Inv reported 0.23% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Vnbtrust Association accumulated 38,130 shares. Tortoise Management Lc has invested 0.09% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Alpine Woods Cap Investors Ltd Llc stated it has 30,911 shares. Family Management Corp reported 3.41% in Exxon Mobil Corporation (NYSE:XOM). Murphy Pohlad Asset Lc reported 1.63% in Exxon Mobil Corporation (NYSE:XOM). Colonial Tru Advisors holds 2.29% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 127,217 shares.

Since August 4, 2017, it had 0 insider buys, and 6 insider sales for $5.32 million activity. Shares for $88,253 were sold by REINEMUND STEVEN. Milton Bryan W also sold $606,082 worth of Exxon Mobil Corporation (NYSE:XOM) shares. Franklin Robert Stuart sold 22,656 shares worth $1.81M. Chapman Neil A sold $996,628 worth of stock or 12,000 shares. Corson Bradley W had sold 19,500 shares worth $1.62 million.

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. UBS downgraded Exxon Mobil Corporation (NYSE:XOM) on Thursday, January 19 to “Sell” rating. The rating was initiated by Nomura on Friday, March 18 with “Reduce”. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Thursday, March 2 by Credit Suisse. The rating was maintained by RBC Capital Markets on Thursday, July 20 with “Hold”. The rating was maintained by Cowen & Co on Friday, July 28 with “Buy”. UBS maintained the stock with “Neutral” rating in Monday, May 2 report. BMO Capital Markets initiated Exxon Mobil Corporation (NYSE:XOM) on Friday, December 2 with “Market Perform” rating. On Wednesday, September 6 the stock rating was upgraded by UBS to “Neutral”. Hilliard Lyons initiated the shares of XOM in report on Wednesday, June 7 with “Long-Term Buy” rating. The stock has “Buy” rating by Argus Research on Wednesday, May 18.

Provident Investment Management Inc, which manages about $417.42M and $590.08 million US Long portfolio, decreased its stake in Roper Technologies Inc (NYSE:ROP) by 4,022 shares to 126,692 shares, valued at $30.84 million in 2017Q3, according to the filing. It also reduced its holding in Ipg Photonics Corp (NASDAQ:IPGP) by 8,821 shares in the quarter, leaving it with 164,337 shares, and cut its stake in Priceline Grp Inc (NASDAQ:PCLN).

Analysts await Intersect ENT, Inc. (NASDAQ:XENT) to report earnings on February, 27. They expect $-0.17 EPS, 0.00% or $0.00 from last year’s $-0.17 per share. After $-0.15 actual EPS reported by Intersect ENT, Inc. for the previous quarter, Wall Street now forecasts 13.33% negative EPS growth.

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