Enterprise Prods Partners L (EPD) Holder Segment Wealth Management Lowered Position by $659,932 as Stock Value Declined; Barr E S & Co Increased Position in Exxon Mobil (XOM)

January 13, 2018 - By Vivian Park

Barr E S & Co increased its stake in Exxon Mobil Corp (XOM) by 2.23% based on its latest 2017Q3 regulatory filing with the SEC. Barr E S & Co bought 7,803 shares as the company’s stock rose 0.21% with the market. The hedge fund held 358,135 shares of the integrated oil company at the end of 2017Q3, valued at $29.36 million, up from 350,332 at the end of the previous reported quarter. Barr E S & Co who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $370.83 billion market cap company. The stock increased 0.68% or $0.59 during the last trading session, reaching $87.52. About 9.83 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 13, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Segment Wealth Management Llc decreased its stake in Enterprise Prods Partners L (EPD) by 8.41% based on its latest 2017Q3 regulatory filing with the SEC. Segment Wealth Management Llc sold 25,382 shares as the company’s stock declined 6.06% while stock markets rallied. The institutional investor held 276,442 shares of the natural gas distribution company at the end of 2017Q3, valued at $7.21M, down from 301,824 at the end of the previous reported quarter. Segment Wealth Management Llc who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $62.41 billion market cap company. The stock increased 0.94% or $0.27 during the last trading session, reaching $28.88. About 6.11M shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since January 13, 2017 and is downtrending. It has underperformed by 16.88% the S&P500.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on January, 29. They expect $0.35 earnings per share, up 12.90% or $0.04 from last year’s $0.31 per share. EPD’s profit will be $756.38M for 20.63 P/E if the $0.35 EPS becomes a reality. After $0.30 actual earnings per share reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Investors sentiment increased to 1 in Q3 2017. Its up 0.01, from 0.99 in 2017Q2. It is positive, as 54 investors sold EPD shares while 262 reduced holdings. 73 funds opened positions while 242 raised stakes. 783.53 million shares or 0.44% more from 780.09 million shares in 2017Q2 were reported. Blackrock Inc stated it has 3.33M shares. Freestone Holding Limited holds 0.39% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 212,865 shares. 100,410 are held by Cullinan Associate. Moreover, South State has 0.08% invested in Enterprise Products Partners L.P. (NYSE:EPD). Meritage Management reported 134,735 shares. Edgemoor Advsrs Inc holds 0.9% or 256,290 shares. Pekin Singer Strauss Asset Mgmt Il stated it has 12,922 shares. Welch Cap Ltd Com holds 2.27% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 258,461 shares. Private Capital Advisors Inc stated it has 2.43% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Callahan Ltd reported 0.17% stake. Fdx Advsr Incorporated accumulated 126,431 shares. Kayne Anderson Capital Advsrs Limited Partnership has invested 10.81% in Enterprise Products Partners L.P. (NYSE:EPD). Evercore Wealth Management Lc owns 229,683 shares for 0.23% of their portfolio. Ancora Llc has invested 0.27% in Enterprise Products Partners L.P. (NYSE:EPD). Mcf Advsr reported 0.1% stake.

Segment Wealth Management Llc, which manages about $425.00M and $376.97M US Long portfolio, upped its stake in Texas Instrs Inc (NASDAQ:TXN) by 5,311 shares to 40,877 shares, valued at $3.66M in 2017Q3, according to the filing. It also increased its holding in Schwab Charles Corp New (NYSE:SCHW) by 10,777 shares in the quarter, for a total of 78,724 shares, and has risen its stake in Ishares Tr (IWD).

Among 24 analysts covering Enterprise Products Partners LP (NYSE:EPD), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Enterprise Products Partners LP had 48 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Friday, August 4. The company was maintained on Tuesday, July 11 by BMO Capital Markets. The company was maintained on Thursday, August 3 by Jefferies. BMO Capital Markets maintained the stock with “Buy” rating in Monday, June 5 report. As per Tuesday, August 15, the company rating was maintained by BMO Capital Markets. The company was downgraded on Thursday, August 18 by Morgan Stanley. As per Thursday, October 12, the company rating was maintained by BMO Capital Markets. As per Thursday, March 17, the company rating was downgraded by Credit Suisse. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Overweight” rating by Morgan Stanley on Wednesday, January 20. The firm has “Buy” rating by Citigroup given on Tuesday, April 19.

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It has no change, 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. Camarda Finance Advsrs Ltd Llc holds 0.12% in Exxon Mobil Corporation (NYSE:XOM) or 1,323 shares. Aimz Inv Advsr Limited Liability Corp has 15,202 shares. Cacti Asset Mgmt Ltd Com invested 2.88% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Ativo Limited Liability Company accumulated 10,061 shares or 0.22% of the stock. Gargoyle Invest Advisor Limited Co holds 0.87% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 28,989 shares. Private Wealth Prtn Llc, California-based fund reported 7,179 shares. Montgomery Invest Mgmt holds 22,532 shares. 50,094 were accumulated by Martin & Inc Tn. Adams Diversified Equity Fund accumulated 358,300 shares or 1.6% of the stock. Cap Advsrs Lc holds 0.53% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 94,537 shares. Grand Jean Capital Incorporated reported 6,614 shares stake. Essex Finance Inc has invested 3.19% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Moreover, Cortland Assoc Mo has 0.25% invested in Exxon Mobil Corporation (NYSE:XOM) for 16,335 shares. Moreover, Lawson Kroeker Invest Ne has 0.95% invested in Exxon Mobil Corporation (NYSE:XOM). Wetherby Asset Mngmt reported 92,610 shares.

Barr E S & Co, which manages about $978.77M and $939.42 million US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 22,755 shares to 266,641 shares, valued at $24.12 million in 2017Q3, according to the filing. It also reduced its holding in Enstar Group Ltd (NASDAQ:ESGR) by 12,774 shares in the quarter, leaving it with 126,081 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Since August 4, 2017, it had 0 insider purchases, and 6 selling transactions for $5.32 million activity. Corson Bradley W sold $1.62M worth of Exxon Mobil Corporation (NYSE:XOM) on Monday, December 11. 22,656 Exxon Mobil Corporation (NYSE:XOM) shares with value of $1.81 million were sold by Franklin Robert Stuart. 12,000 shares were sold by Chapman Neil A, worth $996,628 on Thursday, December 14. Wascom Dennis G also sold $200,293 worth of Exxon Mobil Corporation (NYSE:XOM) shares. On Friday, August 4 REINEMUND STEVEN sold $88,253 worth of Exxon Mobil Corporation (NYSE:XOM) or 1,100 shares.

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. Vetr upgraded Exxon Mobil Corporation (NYSE:XOM) rating on Thursday, August 20. Vetr has “Buy” rating and $86.25 target. As per Thursday, July 6, the company rating was reinitiated by RBC Capital Markets. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Outperform” rating given on Tuesday, December 15 by Credit Agricole. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Underperform” rating given on Wednesday, November 18 by Raymond James. The stock has “Sector Outperform” rating by Howard Weil on Monday, June 5. The rating was initiated by Nomura on Friday, March 18 with “Reduce”. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Buy” rating given on Monday, June 5 by Scotia Capital. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. The firm earned “Equal-Weight” rating on Monday, October 12 by Barclays Capital. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Neutral” rating by Citigroup on Friday, July 21.

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