Peloton Wealth Strategists Lowered Its Cummins (CMI) Position by $899,888; Stock Value Declined; Exxon Mobil (XOM) Market Valuation Declined While Welch Group Has Cut Its Holding

April 22, 2018 - By Maria Brooks

Exxon Mobil Corporation (NYSE:XOM) Logo

Peloton Wealth Strategists decreased its stake in Cummins Inc. (CMI) by 20.58% based on its latest 2017Q4 regulatory filing with the SEC. Peloton Wealth Strategists sold 5,113 shares as the company’s stock declined 9.68% with the market. The institutional investor held 19,727 shares of the industrial machinery and components company at the end of 2017Q4, valued at $3.49 million, down from 24,840 at the end of the previous reported quarter. Peloton Wealth Strategists who had been investing in Cummins Inc. for a number of months, seems to be less bullish one the $27.78B market cap company. The stock decreased 0.44% or $0.75 during the last trading session, reaching $168.77. About 825,674 shares traded. Cummins Inc. (NYSE:CMI) has risen 6.07% since April 22, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Welch Group Llc decreased its stake in Exxon Mobil Corporation (XOM) by 3.25% based on its latest 2017Q4 regulatory filing with the SEC. Welch Group Llc sold 7,346 shares as the company’s stock declined 12.23% with the market. The institutional investor held 218,475 shares of the integrated oil company at the end of 2017Q4, valued at $18.27 million, down from 225,821 at the end of the previous reported quarter. Welch Group Llc who had been investing in Exxon Mobil Corporation for a number of months, seems to be less bullish one the $334.63B market cap company. The stock decreased 0.53% or $0.42 during the last trading session, reaching $79. About 12.07M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since April 22, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 4 selling transactions for $3.42 million activity. $606,082 worth of stock was sold by Milton Bryan W on Tuesday, December 12. Wascom Dennis G also sold $200,293 worth of Exxon Mobil Corporation (NYSE:XOM) shares. Another trade for 12,000 shares valued at $996,628 was made by Chapman Neil A on Thursday, December 14.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.01, from 0.85 in 2017Q3. It turned negative, 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. Horizon Services Limited Company has invested 0.11% in Exxon Mobil Corporation (NYSE:XOM). Peak Asset Limited Liability Co holds 16,846 shares. Moreover, Zevin Asset Mgmt Limited Co has 0.27% invested in Exxon Mobil Corporation (NYSE:XOM) for 14,003 shares. Mark Sheptoff Financial Planning Llc reported 12,983 shares or 0.71% of all its holdings. State Board Of Administration Of Florida Retirement System accumulated 5.97 million shares. Cap City Tru Fl holds 1.46% or 41,966 shares in its portfolio. Citadel Advsrs Ltd owns 1.05 million shares or 0.05% of their US portfolio. Todd Asset Management Limited Company reported 11,342 shares. Kingfisher Ltd Liability Co owns 12,793 shares. Compton Mngmt Ri holds 75,955 shares or 2.71% of its portfolio. Mountain Pacific Advisers Incorporated Id reported 48,415 shares or 0.43% of all its holdings. 21,525 were reported by Greatmark Investment Prtn Inc. 39,169 were reported by Intrust Retail Bank Na. Va accumulated 0.22% or 9,589 shares. Private Harbour Mngmt And Counsel Ltd Liability Com holds 1.68% in Exxon Mobil Corporation (NYSE:XOM) or 23,135 shares.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on April, 27 before the open. They expect $1.18 EPS, up 24.21% or $0.23 from last year’s $0.95 per share. XOM’s profit will be $5.00 billion for 16.74 P/E if the $1.18 EPS becomes a reality. After $0.88 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 34.09% EPS growth.

Welch Group Llc, which manages about $645.12M and $644.64 million US Long portfolio, upped its stake in Procter & Gamble (NYSE:PG) by 7,048 shares to 201,782 shares, valued at $18.54M in 2017Q4, according to the filing. It also increased its holding in Pepsico Incorporated (NYSE:PEP) by 3,364 shares in the quarter, for a total of 159,434 shares, and has risen its stake in The Southern Company (NYSE:SO).

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 92 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Underweight” on Thursday, September 3. The firm has “Outperform” rating given on Tuesday, December 15 by Credit Agricole. The company was maintained on Wednesday, January 24 by Morgan Stanley. The rating was maintained by Piper Jaffray on Thursday, August 24 with “Hold”. Jefferies maintained the stock with “Hold” rating in Friday, January 19 report. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Monday, February 5 by Piper Jaffray. The stock has “Overweight” rating by Barclays Capital on Tuesday, October 10. Cowen & Co maintained it with “Buy” rating and $10000 target in Friday, July 28 report. The rating was maintained by Cowen & Co with “Buy” on Tuesday, September 19. Wells Fargo maintained the shares of XOM in report on Thursday, March 8 with “Market Perform” rating.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on May, 1 before the open. They expect $2.90 earnings per share, up 22.88% or $0.54 from last year’s $2.36 per share. CMI’s profit will be $477.28M for 14.55 P/E if the $2.90 EPS becomes a reality. After $3.03 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.29% negative EPS growth.

Among 30 analysts covering Cummins (NYSE:CMI), 10 have Buy rating, 1 Sell and 19 Hold. Therefore 33% are positive. Cummins had 106 analyst reports since July 22, 2015 according to SRatingsIntel. Argus Research maintained the shares of CMI in report on Monday, November 6 with “Buy” rating. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Thursday, March 23 by RBC Capital Markets. On Wednesday, October 28 the stock rating was downgraded by Morgan Stanley to “Underweight”. The rating was downgraded by Longbow to “Neutral” on Thursday, October 12. The firm has “Neutral” rating given on Wednesday, October 28 by Robert W. Baird. Bank of America downgraded the shares of CMI in report on Tuesday, December 1 to “Underperform” rating. The stock of Cummins Inc. (NYSE:CMI) has “Neutral” rating given on Tuesday, April 10 by JP Morgan. The firm earned “Underperform” rating on Thursday, April 21 by Robert W. Baird. On Wednesday, November 1 the stock rating was maintained by Robert W. Baird with “Sell”. Barclays Capital initiated the stock with “Hold” rating in Tuesday, December 12 report.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.17, from 1.1 in 2017Q3. It improved, as 47 investors sold CMI shares while 251 reduced holdings. 108 funds opened positions while 271 raised stakes. 131.82 million shares or 0.31% less from 132.23 million shares in 2017Q3 were reported. Riverpoint Mgmt Limited Liability Company has invested 0.03% in Cummins Inc. (NYSE:CMI). Nomura has invested 0% in Cummins Inc. (NYSE:CMI). Ubs Asset Americas holds 0.18% in Cummins Inc. (NYSE:CMI) or 1.19 million shares. Mengis Cap Mgmt Inc invested 0.29% of its portfolio in Cummins Inc. (NYSE:CMI). Ajo Ltd Partnership holds 986,649 shares or 0.75% of its portfolio. Moreover, Putnam Fl Investment Management has 0.28% invested in Cummins Inc. (NYSE:CMI). Pub Employees Retirement Sys Of Ohio holds 80,100 shares or 0.07% of its portfolio. 31,336 were reported by Braun Stacey Assoc. 9,621 were reported by Kentucky Retirement Systems. Ifc Holdings Fl holds 11,075 shares or 0.13% of its portfolio. Citadel Advisors Ltd Com holds 0.07% or 640,339 shares in its portfolio. Stone Ridge Asset Lc accumulated 7,999 shares. New York State Common Retirement Fund holds 0.09% of its portfolio in Cummins Inc. (NYSE:CMI) for 444,560 shares. Twin Mngmt Inc stated it has 0.2% of its portfolio in Cummins Inc. (NYSE:CMI). Goldman Sachs Gru owns 1.58M shares.

Peloton Wealth Strategists, which manages about $175.56 million and $134.54M US Long portfolio, upped its stake in Allergan Inc. by 3,700 shares to 14,185 shares, valued at $2.32M in 2017Q4, according to the filing.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: