As Freeport (FCX) Market Value Declined, Shareholder Icahn Carl C Has Lowered Its Position by $202.06 Million; Exxon Mobil (XOM) Holder Cobblestone Capital Advisors Has Upped Stake by $328,374

January 13, 2018 - By Vivian Park

Cobblestone Capital Advisors Llc increased its stake in Exxon Mobil Corp (XOM) by 11.54% based on its latest 2017Q3 regulatory filing with the SEC. Cobblestone Capital Advisors Llc bought 4,054 shares as the company’s stock rose 0.21% with the market. The hedge fund held 39,185 shares of the integrated oil company at the end of 2017Q3, valued at $3.21 million, up from 35,131 at the end of the previous reported quarter. Cobblestone Capital Advisors Llc 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 9.83M 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.

Carl Icahn decreased its stake in Freeport (FCX) by 15.76% based on its latest 2017Q3 regulatory filing with the SEC. Icahn Carl C sold 14.43 million shares as the company’s stock declined 21.33% while stock markets rallied. The hedge fund run by Carl Icahn held 77.16 million shares of the basic industries company at the end of 2017Q3, valued at $1.08B, down from 91.59 million at the end of the previous reported quarter. Icahn Carl C who had been investing in Freeport for a number of months, seems to be less bullish one the $28.59B market cap company. The stock decreased 0.65% or $0.13 during the last trading session, reaching $19.75. About 14.19M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 13, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 92 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Market Perform” rating given on Wednesday, July 26 by BMO Capital Markets. The rating was maintained by Jefferies on Monday, August 28 with “Buy”. RBC Capital Markets maintained it with “Hold” rating and $1400 target in Wednesday, June 28 report. BMO Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) on Monday, December 18 with “Hold” rating. As per Tuesday, July 18, the company rating was maintained by FBR Capital. The rating was maintained by Cowen & Co with “Buy” on Friday, September 22. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Hold” rating by S&P Research on Tuesday, September 1. The rating was maintained by RBC Capital Markets on Monday, January 25 with “Sector Perform”. Deutsche Bank maintained Freeport-McMoRan Inc. (NYSE:FCX) on Monday, August 31 with “Buy” rating. Berenberg upgraded the shares of FCX in report on Wednesday, March 22 to “Hold” rating.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on January, 24. They expect $0.43 earnings per share, up 72.00% or $0.18 from last year’s $0.25 per share. FCX’s profit will be $622.47M for 11.48 P/E if the $0.43 EPS becomes a reality. After $0.34 actual earnings per share reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts 26.47% EPS growth.

Since August 21, 2017, it had 0 insider purchases, and 1 sale for $15,435 activity.

Investors sentiment is 1 in Q3 2017. Its the same as in 2017Q2. It is the same, as 57 investors sold FCX shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported. Neuberger Berman Gru Ltd Liability reported 0% in Freeport-McMoRan Inc. (NYSE:FCX). The California-based Los Angeles Cap Mgmt Equity Rech Incorporated has invested 0.14% in Freeport-McMoRan Inc. (NYSE:FCX). Pomelo Capital reported 100,000 shares. Alps stated it has 22,093 shares. St Johns Investment Management Ltd Liability Corp reported 3,835 shares or 0.04% of all its holdings. Verition Fund Mngmt Ltd Liability Co owns 0.05% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 40,538 shares. United Capital Financial Advisers Limited Company holds 20,164 shares or 0% of its portfolio. Frontier Inv Mngmt invested in 0.02% or 19,192 shares. Moreover, Nippon Life Insurance Com has 0.02% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 61,463 shares. Robeco Institutional Asset Management Bv invested in 68,620 shares or 0.01% of the stock. Virginia Retirement Systems Et Al owns 188,000 shares. Commerzbank Aktiengesellschaft Fi has 1.67M shares. Patten Group Inc reported 207 shares or 0.06% of all its holdings. Us National Bank & Trust De reported 181,063 shares. Ibm Retirement Fund accumulated 33,148 shares.

Since August 4, 2017, it had 0 insider purchases, and 6 insider sales for $5.32 million activity. 7,281 shares were sold by Milton Bryan W, worth $606,082. $1.62 million worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Corson Bradley W. $1.81M worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Franklin Robert Stuart. Shares for $996,628 were sold by Chapman Neil A. 2,412 shares valued at $200,293 were sold by Wascom Dennis G on Friday, December 15.

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It is flat, 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. Lenox Wealth Advsr Inc owns 0.03% invested in Exxon Mobil Corporation (NYSE:XOM) for 1,253 shares. 12,242 were reported by Proffitt & Goodson Incorporated. Covington Mngmt holds 3.66% or 675,034 shares in its portfolio. 28,544 are held by Hartford Fincl Management. Beacon Fincl Grp has 185,722 shares. Carret Asset Management Limited Liability Company reported 121,723 shares. Dupont Capital Corp has invested 0.55% in Exxon Mobil Corporation (NYSE:XOM). 8,083 were reported by Lafleur Godfrey Limited. Private Harbour Mngmt & Counsel Ltd Liability Company accumulated 23,530 shares. Gabelli Funds Limited Com accumulated 956,200 shares. The Virginia-based Markel Corp has invested 0.89% in Exxon Mobil Corporation (NYSE:XOM). Syntal has invested 2.16% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Mirador Capital Prns Lp reported 5,764 shares or 0.28% of all its holdings. 166,120 are owned by Stralem Co. Highstreet Asset reported 46,653 shares.

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