Holder Cheviot Value Management Upped Exxon Mobil (XOM) Holding; Gateway Investment Advisers Holds Holding in Legg Mason (LM)

June 24, 2018 - By Henry Gaston

Legg Mason, Inc. (NYSE:LM) Logo

Cheviot Value Management Llc increased its stake in Exxon Mobil Corporation (XOM) by 25.97% based on its latest 2018Q1 regulatory filing with the SEC. Cheviot Value Management Llc bought 6,535 shares as the company’s stock declined 0.16% with the market. The institutional investor held 31,700 shares of the integrated oil company at the end of 2018Q1, valued at $2.37M, up from 25,165 at the end of the previous reported quarter. Cheviot Value Management Llc who had been investing in Exxon Mobil Corporation for a number of months, seems to be bullish on the $344.55 billion 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 24.61% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since June 24, 2017 and is downtrending. It has underperformed by 16.29% the S&P500. Some Historical XOM News: 07/03/2018 – Exxon Mobil Plans Downstream Entries Into New Markets Such as Mexico, Indonesia; 02/04/2018 – EXXON BAYTOWN TEXAS REFINERY BEGINS FLEXICOKER OVERHAUL; 27/04/2018 – EXXON VICE PRESIDENT WOODBURY COMMENTS DURING CONFERENCE CALL; 30/05/2018 – Exxon CEO urges New York prosecutor to rethink climate change probe; 13/04/2018 – The Hill: #BREAKING: Top Massachusetts court rules against Exxon in climate case; 23/05/2018 – EXXONMOBIL – EXXONMOBIL IS UNDERTAKING INITIATIVES TO SIGNIFICANTLY REDUCE METHANE EMISSIONS; 26/04/2018 – ExxonMobil Extends Exceed XP Portfolio with New Grade for High Performance Coextrusion Films; 08/03/2018 – ExxonMobil Renews Longstanding Commitment to Women’s Economic Empowerment; 31/05/2018 – Correct: Shell: Ursa Hub Co-Owned by BP (23%), Exxon Mobil (16%), ConocoPhillips (16%); 08/05/2018 – Papua New Guinea LNG mid-term deals to be finalised in H1 2018

Gateway Investment Advisers Llc increased its stake in Legg Mason Inc (LM) by 37.13% based on its latest 2018Q1 regulatory filing with the SEC. Gateway Investment Advisers Llc bought 40,501 shares as the company’s stock declined 5.39% with the market. The institutional investor held 149,566 shares of the finance company at the end of 2018Q1, valued at $6.08M, up from 109,065 at the end of the previous reported quarter. Gateway Investment Advisers Llc who had been investing in Legg Mason Inc for a number of months, seems to be bullish on the $3.07B market cap company. The stock increased 0.76% or $0.27 during the last trading session, reaching $35.94. About 1.88 million shares traded or 124.42% up from the average. Legg Mason, Inc. (NYSE:LM) has risen 3.58% since June 24, 2017 and is uptrending. It has underperformed by 8.99% the S&P500. Some Historical LM News: 12/03/2018 LEGG MASON REPORTS PRELIM FEB. AUM $766.7B; 30/05/2018 – Legg Mason Discloses Potential Settlement Charge From Libya Operations; 11/04/2018 – Legg Mason Closes Below 200-Day Moving Average: Technicals; 06/04/2018 – LEGG MASON INC LM.N : DEUTSCHE BANK RAISES TARGET PRICE TO $49 FROM $46; 10/04/2018 – ClearBridge Energy MLP Total Return Fund Inc. Announces Results of Annual Meeting of Shareholders; 25/04/2018 – LEGG MASON BOOSTS QTR DIV TO 34C/SHR FROM 28C, EST. 30C; 12/04/2018 – OEHHA: OEHHA Issues 100th Fish Advisory: Guidelines for Legg Lake in LA County Provide Safe Eating Advice for Four Species of; 16/04/2018 – Western Asset Municipal Partners Fund Inc. Announces Financial Position as of February 28, 2018; 10/04/2018 – Should Investors Stay in Equities – Or Look Elsewhere for Alpha?; 25/04/2018 – Legg Mason Raises Quarter Dividend to 34c

Investors sentiment decreased to 1.2 in Q1 2018. Its down 0.32, from 1.52 in 2017Q4. It fall, as 30 investors sold LM shares while 94 reduced holdings. 48 funds opened positions while 101 raised stakes. 73.24 million shares or 1.77% less from 74.56 million shares in 2017Q4 were reported. Shelton Cap invested 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM). Impax Asset Management Limited Liability reported 473,493 shares. South Dakota Invest Council accumulated 166,500 shares. Systematic Fincl Mgmt Lp accumulated 333,331 shares. Whittier Trust Of Nevada Inc stated it has 1,079 shares. Ameritas Ptnrs stated it has 25,159 shares or 0.05% of all its holdings. Tarbox Family Office reported 384 shares. Laurion Cap Mgmt LP stated it has 0.02% in Legg Mason, Inc. (NYSE:LM). 4,799 were accumulated by Numerixs Investment Tech. Delta Asset Mgmt Lc Tn accumulated 95 shares or 0% of the stock. Vanguard Group owns 8.19M shares for 0.01% of their portfolio. California State Teachers Retirement Systems owns 0.01% invested in Legg Mason, Inc. (NYSE:LM) for 140,249 shares. Willingdon Wealth stated it has 300 shares or 0% of all its holdings. Ironwood Counsel Ltd Liability stated it has 0.41% of its portfolio in Legg Mason, Inc. (NYSE:LM). Parkside Comml Bank has invested 0% of its portfolio in Legg Mason, Inc. (NYSE:LM).

Since May 15, 2018, it had 0 buys, and 3 selling transactions for $1.35 million activity. Another trade for 2,537 shares valued at $98,436 was made by Merchant Thomas C on Tuesday, May 15. SULLIVAN JOSEPH A also sold $1.22 million worth of Legg Mason, Inc. (NYSE:LM) shares.

More recent Legg Mason, Inc. (NYSE:LM) news were published by: Seekingalpha.com which released: “Legg Mason May AUM falls less than 1%” on June 12, 2018. Also Bizjournals.com published the news titled: “Baltimore-area companies fall short of Fortune 500 list” on May 29, 2018. Seekingalpha.com‘s news article titled: “Legg Mason expects to soon resolve Libya bribery investigation” with publication date: May 30, 2018 was also an interesting one.

Among 15 analysts covering Legg Mason Inc. (NYSE:LM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. Legg Mason Inc. had 72 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained Legg Mason, Inc. (NYSE:LM) rating on Thursday, August 20. RBC Capital Markets has “Outperform” rating and $12 target. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, October 18. RBC Capital Markets maintained it with “Sector Perform” rating and $35 target in Monday, May 2 report. The stock of Legg Mason, Inc. (NYSE:LM) has “Underperform” rating given on Thursday, January 25 by Bank of America. Jefferies maintained the shares of LM in report on Thursday, June 8 with “Buy” rating. Wood maintained Legg Mason, Inc. (NYSE:LM) rating on Friday, October 14. Wood has “Outperform” rating and $44 target. The rating was maintained by Jefferies on Wednesday, October 25 with “Buy”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, June 30 report. The company was maintained on Wednesday, April 25 by RBC Capital Markets. The firm earned “Underweight” rating on Tuesday, April 10 by Morgan Stanley.

Gateway Investment Advisers Llc, which manages about $12.58 billion and $11.28B US Long portfolio, decreased its stake in Boston Scientific Corp (NYSE:BSX) by 61,068 shares to 915,646 shares, valued at $25.02 million in 2018Q1, according to the filing. It also reduced its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 1,091 shares in the quarter, leaving it with 90,224 shares, and cut its stake in Teleflex Inc (NYSE:TFX).

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. Inverness Counsel Lc invested in 0.96% or 212,795 shares. Adell Harriman & Carpenter Incorporated invested in 149,459 shares or 0% of the stock. Heritage Invsts Mngmt invested in 1.25% or 268,191 shares. Security National Bank Of So Dak has invested 1.37% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Swedbank has invested 0.82% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). New England Research Mgmt invested 1.32% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Biondo Inv Advsrs Limited Liability Corp invested in 0.14% or 6,901 shares. Barrow Hanley Mewhinney And Strauss Ltd Liability reported 16,400 shares stake. Stanley has 3,172 shares for 0.05% of their portfolio. Cap Advsr Ltd Limited reported 0.1% stake. Olstein Capital Mngmt LP holds 0.47% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 50,000 shares. Tiedemann Advisors Limited Liability Com holds 2.22% or 434,504 shares. 32,672 are held by Fred Alger Mgmt. Loeb Corporation has 1.69% invested in Exxon Mobil Corporation (NYSE:XOM). Td Asset Management Incorporated invested 0.47% in Exxon Mobil Corporation (NYSE:XOM).

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Bizjournals.com which released: “5 things to know in Texas energy this week” on June 18, 2018, also Seekingalpha.com with their article: “ExxonMobil: Strong Buy?” published on May 29, 2018, Seekingalpha.com published: “Exxon Mobil’s Returning To Its Roots” on June 18, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Fool.com and their article: “3 Stocks for Warren Buffett Fans” published on June 12, 2018 as well as Fool.com‘s news article titled: “ExxonMobil Is Spending Billions of Dollars to Solve the Permian Basin’s Biggest Problem” with publication date: June 13, 2018.

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 stock of Exxon Mobil Corporation (NYSE:XOM) earned “Sell” rating by Tudor Pickering on Tuesday, January 26. The firm earned “Hold” rating on Thursday, July 27 by Jefferies. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Jefferies on Thursday, April 19. The rating was downgraded by Vetr to “Strong-Buy” on Wednesday, August 12. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. The firm has “Neutral” rating given on Thursday, March 2 by Credit Suisse. The rating was downgraded by Barclays Capital on Tuesday, February 6 to “Underweight”. Raymond James downgraded the shares of XOM in report on Wednesday, November 18 to “Underperform” rating. The rating was upgraded by Scotia Capital to “Buy” on Monday, June 5. The company was maintained on Wednesday, January 10 by BMO Capital Markets.

Legg Mason, Inc. (NYSE:LM) Institutional Positions Chart

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