Lapides Asset Management Has Trimmed Its Accuray (ARAY) Holding by $625,200; Stock Rose; Somerset Trust Company Holding in Exxon Mobil (XOM) Has Decreased by $834,067 as Shares Declined

May 18, 2018 - By Moses P. Lee

Accuray Incorporated (NASDAQ:ARAY) Logo

Somerset Trust Company decreased its stake in Exxon Mobil Corp (XOM) by 24.58% based on its latest 2017Q4 regulatory filing with the SEC. Somerset Trust Company sold 10,049 shares as the company’s stock declined 12.23% with the market. The institutional investor held 30,836 shares of the integrated oil company at the end of 2017Q4, valued at $2.58 million, down from 40,885 at the end of the previous reported quarter. Somerset Trust Company who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $346.67 billion market cap company. The stock decreased 0.17% or $0.14 during the last trading session, reaching $81.88. About 11.22M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since May 18, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Lapides Asset Management Llc decreased its stake in Accuray Inc (ARAY) by 7.96% based on its latest 2017Q4 regulatory filing with the SEC. Lapides Asset Management Llc sold 156,300 shares as the company’s stock rose 15.29% while stock markets declined. The institutional investor held 1.81M shares of the medical and dental instruments company at the end of 2017Q4, valued at $7.77 million, down from 1.96M at the end of the previous reported quarter. Lapides Asset Management Llc who had been investing in Accuray Inc for a number of months, seems to be less bullish one the $419.63 million market cap company. The stock increased 2.08% or $0.1 during the last trading session, reaching $4.9. About 239,653 shares traded. Accuray Incorporated (NASDAQ:ARAY) has risen 2.08% since May 18, 2017 and is uptrending. It has underperformed by 9.47% the S&P500.

Analysts await Accuray Incorporated (NASDAQ:ARAY) to report earnings on August, 28. They expect $-0.02 EPS, up 66.67% or $0.04 from last year’s $-0.06 per share. After $-0.10 actual EPS reported by Accuray Incorporated for the previous quarter, Wall Street now forecasts -80.00% EPS growth.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.16, from 1.23 in 2017Q3. It turned negative, as 13 investors sold ARAY shares while 31 reduced holdings. 18 funds opened positions while 29 raised stakes. 64.52 million shares or 1.17% more from 63.77 million shares in 2017Q3 were reported. Product Ptnrs Limited reported 202,700 shares stake. Moreover, Teton Advisors Incorporated has 0.01% invested in Accuray Incorporated (NASDAQ:ARAY). Sectoral Asset Management holds 0.32% of its portfolio in Accuray Incorporated (NASDAQ:ARAY) for 595,447 shares. Gp One Trading Lp reported 4,192 shares stake. Parallax Volatility Advisers Limited Partnership owns 12,474 shares for 0% of their portfolio. Bnp Paribas Arbitrage reported 17,312 shares stake. New York State Common Retirement Fund invested in 72,100 shares or 0% of the stock. The Korea-based Mirae Asset Glob Invests Limited has invested 0% in Accuray Incorporated (NASDAQ:ARAY). Boston Prtnrs holds 0.01% of its portfolio in Accuray Incorporated (NASDAQ:ARAY) for 2.27 million shares. Thompson Davis And Co Inc holds 20,050 shares. Parametric Port Assoc Ltd Liability reported 51,013 shares stake. 34,968 are held by Engineers Gate Manager Lp. Geode Cap Management Limited Liability Com, Massachusetts-based fund reported 735,316 shares. Heartland Advisors stated it has 3.40M shares or 0.94% of all its holdings. Lpl Fin Lc owns 11,380 shares or 0% of their US portfolio.

Among 9 analysts covering Accuray (NASDAQ:ARAY), 4 have Buy rating, 3 Sell and 2 Hold. Therefore 44% are positive. Accuray had 25 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, November 2. Jefferies maintained Accuray Incorporated (NASDAQ:ARAY) rating on Wednesday, August 23. Jefferies has “Buy” rating and $6 target. Cowen & Co initiated the stock with “Outperform” rating in Tuesday, September 13 report. The stock has “Buy” rating by Zacks on Tuesday, August 25. RBC Capital Markets initiated it with “Sector Perform” rating and $8 target in Tuesday, December 22 report. The company was maintained on Tuesday, August 22 by BTIG Research. Jefferies maintained Accuray Incorporated (NASDAQ:ARAY) on Monday, September 25 with “Buy” rating. Citigroup initiated Accuray Incorporated (NASDAQ:ARAY) rating on Thursday, November 12. Citigroup has “Sell” rating and $6 target. RBC Capital Markets maintained Accuray Incorporated (NASDAQ:ARAY) on Monday, July 17 with “Hold” rating. The rating was maintained by RBC Capital Markets on Tuesday, May 30 with “Hold”.

Since April 3, 2018, it had 0 insider purchases, and 3 sales for $66,295 activity. Nouri Alaleh also sold $12,020 worth of Accuray Incorporated (NASDAQ:ARAY) shares. The insider Waters Kevin sold 2,997 shares worth $13,936.

Lapides Asset Management Llc, which manages about $912.08M and $460.98 million US Long portfolio, upped its stake in Ball Corp (NYSE:BLL) by 35,900 shares to 149,200 shares, valued at $5.65 million in 2017Q4, according to the filing. It also increased its holding in Circor Intl Inc (NYSE:CIR) by 76,400 shares in the quarter, for a total of 153,000 shares, and has risen its stake in Tegna Inc.

More news for Accuray Incorporated (NASDAQ:ARAY) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Accuray, Torchmark, Carlisle Companies, CVR …” on May 15, 2018. Prnewswire.com‘s article titled: “Accuray Incorporated Reports Inducement Awards Under NASDAQ Listing Rules” and published on May 04, 2018 is yet another important article.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.01, from 0.85 in 2017Q3. It worsened, 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. Moreover, Bollard Gp Lc has 0.1% invested in Exxon Mobil Corporation (NYSE:XOM) for 25,714 shares. Dt Inv Prns Limited Co holds 0.48% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 36,330 shares. Thomas Story And Son accumulated 52,070 shares. Roberts Glore And Co Inc Il holds 17,907 shares. Cv Starr Com Trust invested in 40,000 shares or 1.47% of the stock. Geode Cap Mngmt reported 44.58M shares. Paradigm Advisors Ltd Com holds 1.51% in Exxon Mobil Corporation (NYSE:XOM) or 39,744 shares. Swedbank holds 2.11M shares. Pennsylvania Com stated it has 594,141 shares or 2.22% of all its holdings. State Of New Jersey Common Pension Fund D owns 4.36M shares or 1.38% of their US portfolio. Osterweis Capital reported 18,179 shares. Ameritas Inv Prtnrs accumulated 158,173 shares or 0.64% of the stock. Old Point & Fincl Svcs N A has 72,559 shares. Contravisory Invest Management invested in 1,921 shares. Bbr Partners Ltd Liability Corp has invested 0.54% in Exxon Mobil Corporation (NYSE:XOM).

Since December 11, 2017, it had 0 insider purchases, and 4 sales for $3.42 million activity. The insider Milton Bryan W sold $606,082. On Thursday, December 14 Chapman Neil A sold $996,628 worth of Exxon Mobil Corporation (NYSE:XOM) or 12,000 shares. Wascom Dennis G also sold $200,293 worth of Exxon Mobil Corporation (NYSE:XOM) on Friday, December 15.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Reuters: Exxon’s Beaumont refinery to overhaul coker, hydrotreater” on May 14, 2018, also Seekingalpha.com with their article: “Exxon Mobil’s Fair Value Is $78 Per Share” published on May 14, 2018, Seekingalpha.com published: “Exxon: Irrational Exuberance” on May 11, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon: Is The Bottom In?” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “Exxon Stock Isn’t So Slick” with publication date: May 01, 2018.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on July, 27. They expect $1.16 EPS, up 48.72% or $0.38 from last year’s $0.78 per share. XOM’s profit will be $4.91B for 17.65 P/E if the $1.16 EPS becomes a reality. After $1.09 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.42% EPS growth.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. Exxon Mobil had 95 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by BMO Capital Markets on Friday, December 2. On Wednesday, June 7 the stock rating was initiated by Hilliard Lyons with “Long-Term Buy”. The firm earned “Hold” rating on Friday, June 23 by Jefferies. Argus Research upgraded the shares of XOM in report on Wednesday, May 18 to “Buy” rating. The firm earned “Reduce” rating on Tuesday, November 7 by HSBC. The stock has “Underperform” rating by Raymond James on Wednesday, November 18. The firm has “Neutral” rating by Bank of America given on Thursday, June 2. The firm earned “Neutral” rating on Monday, February 5 by Credit Suisse. Credit Suisse maintained it with “Neutral” rating and $79 target in Monday, April 30 report. On Wednesday, August 12 the stock rating was downgraded by Vetr to “Strong-Buy”.

Somerset Trust Company, which manages about $200.18 million US Long portfolio, upped its stake in Qualcomm Inc Com (NASDAQ:QCOM) by 6,072 shares to 51,645 shares, valued at $3.31M in 2017Q4, according to the filing. It also increased its holding in Regency Ctrs Corp Com (NYSE:REG) by 4,511 shares in the quarter, for a total of 24,822 shares, and has risen its stake in Express Scripts Hldg Co Com (NASDAQ:ESRX).

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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By1 Moses P. Lee

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