Jarislowsky Fraser LTD Has Lowered Exxon Mobil (XOM) Holding By $2.07 Million; Invesco LTD Lifted Its Chemical Finl (CHFC) Stake

May 27, 2018 - By Cheryll Laflamme

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Invesco Ltd increased Chemical Finl Corp (CHFC) stake by 155.47% reported in 2017Q4 SEC filing. Invesco Ltd acquired 53,590 shares as Chemical Finl Corp (CHFC)’s stock declined 2.13%. The Invesco Ltd holds 88,060 shares with $4.71 million value, up from 34,470 last quarter. Chemical Finl Corp now has $4.09B valuation. The stock decreased 0.56% or $0.32 during the last trading session, reaching $57.29. About 119,580 shares traded. Chemical Financial Corporation (NASDAQ:CHFC) has risen 8.11% since May 27, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Jarislowsky Fraser Ltd decreased Exxon Mobil Corporation (XOM) stake by 1.64% reported in 2017Q4 SEC filing. Jarislowsky Fraser Ltd sold 24,951 shares as Exxon Mobil Corporation (XOM)’s stock declined 12.23%. The Jarislowsky Fraser Ltd holds 1.50M shares with $125.51 million value, down from 1.53M last quarter. Exxon Mobil Corporation now has $333.25B valuation. The stock decreased 1.94% or $1.56 during the last trading session, reaching $78.71. About 14.56 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since May 27, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Another recent and important Chemical Financial Corporation (NASDAQ:CHFC) news was published by Seekingalpha.com which published an article titled: “Chemical Financial Investing For Future Growth” on May 25, 2018.

Since January 25, 2018, it had 1 buying transaction, and 5 insider sales for $3.84 million activity. 53,536 Chemical Financial Corporation (NASDAQ:CHFC) shares with value of $3.13 million were sold by KLAESER DENNIS L. The insider GWIZDALA LORI A sold 1,808 shares worth $106,641. $196,319 worth of Chemical Financial Corporation (NASDAQ:CHFC) shares were bought by Provost David T. 6,298 shares were sold by Lievense Richard M., worth $364,780 on Thursday, January 25. $101,130 worth of Chemical Financial Corporation (NASDAQ:CHFC) shares were sold by Stauffer Larry D.

Invesco Ltd decreased Polaris Inds Inc (NYSE:PII) stake by 29,942 shares to 482,364 valued at $59.81 million in 2017Q4. It also reduced Juniper Networks Inc (NYSE:JNPR) stake by 4.06M shares and now owns 9.82M shares. Plexus Corp (NASDAQ:PLXS) was reduced too.

Among 11 analysts covering Chemical Financial (NASDAQ:CHFC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Chemical Financial had 22 analyst reports since January 27, 2016 according to SRatingsIntel. The rating was downgraded by Wood on Thursday, October 26 to “Market Perform”. Keefe Bruyette & Woods upgraded it to “Outperform” rating and $39 target in Wednesday, January 27 report. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 25 with “Hold”. The firm earned “Buy” rating on Wednesday, January 24 by Stephens. FIG Partners upgraded the shares of CHFC in report on Friday, January 29 to “Outperform” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, October 3. Raymond James initiated the stock with “Strong Buy” rating in Wednesday, March 2 report. On Tuesday, July 25 the stock rating was maintained by Stephens with “Buy”. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, January 24 report. The stock of Chemical Financial Corporation (NASDAQ:CHFC) earned “Buy” rating by Hilliard Lyons on Friday, January 26.

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.32, from 1.51 in 2017Q3. It fall, as 17 investors sold CHFC shares while 71 reduced holdings. 33 funds opened positions while 72 raised stakes. 55.76 million shares or 0.84% more from 55.30 million shares in 2017Q3 were reported. Commonwealth Of Pennsylvania Pub School Empls Retrmt System has invested 0.01% in Chemical Financial Corporation (NASDAQ:CHFC). Aperio Group Ltd Com, California-based fund reported 19,031 shares. Franklin holds 0.07% in Chemical Financial Corporation (NASDAQ:CHFC) or 2.69 million shares. Sei Investments Co reported 55,147 shares. Guggenheim Cap Ltd Liability holds 68,340 shares. 10,069 were accumulated by Envestnet Asset Mgmt. State Bank Of Montreal Can stated it has 0% of its portfolio in Chemical Financial Corporation (NASDAQ:CHFC). Raymond James Fincl Services Advisors Inc holds 0.01% or 29,987 shares. 31,295 are owned by Chatham Cap. Texas Permanent School Fund reported 48,108 shares or 0.03% of all its holdings. Citigroup invested 0% of its portfolio in Chemical Financial Corporation (NASDAQ:CHFC). Monarch Ptnrs Asset Management Ltd holds 1.08% or 215,555 shares. Lpl Fincl Limited Com reported 0% in Chemical Financial Corporation (NASDAQ:CHFC). Profund Advsrs Ltd Liability reported 12,707 shares. Avalon Advisors Limited Co reported 45,412 shares stake.

Since December 11, 2017, it had 0 buys, and 4 insider sales for $3.42 million activity. Chapman Neil A also sold $996,628 worth of Exxon Mobil Corporation (NYSE:XOM) on Thursday, December 14. Milton Bryan W sold $606,082 worth of stock or 7,281 shares. 2,412 shares were sold by Wascom Dennis G, worth $200,293 on Friday, December 15. Another trade for 19,500 shares valued at $1.62M was made by Corson Bradley W on Monday, December 11.

Jarislowsky Fraser Ltd increased Potash Corporation Of Sask Inc. (NYSE:POT) stake by 334,766 shares to 27.33M valued at $562.40 million in 2017Q4. It also upped Cvs Health Corporation (NYSE:CVS) stake by 46,933 shares and now owns 1.62M shares. Vodafone Group Plc (NASDAQ:VOD) was raised too.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.01, from 0.85 in 2017Q3. It fall, 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. Horan Cap Limited Liability Corporation reported 15,982 shares stake. Waverton Investment accumulated 0.55% or 113,120 shares. Morgan Stanley accumulated 16.82 million shares. Usa Fincl Portformulas Corp holds 6,329 shares. Connor Clark & Lunn Ltd, British Columbia – Canada-based fund reported 998,271 shares. Staley Capital Advisers invested 0.21% in Exxon Mobil Corporation (NYSE:XOM). Mu Invests Limited owns 1,090 shares. Moreover, Lenox Wealth Mngmt has 0.06% invested in Exxon Mobil Corporation (NYSE:XOM). Willis Investment Counsel reported 341,911 shares stake. Litman Gregory Asset Mgmt Limited Liability Corp holds 0.04% in Exxon Mobil Corporation (NYSE:XOM) or 1,600 shares. Fiera Corp holds 64,977 shares or 0.03% of its portfolio. 25,929 are held by Sun Life Financial Inc. Cullinan Assoc has 2.52% invested in Exxon Mobil Corporation (NYSE:XOM) for 410,527 shares. Cutler Investment Counsel Ltd Liability stated it has 1.86% in Exxon Mobil Corporation (NYSE:XOM). Stillwater Cap Advsrs Ltd Llc reported 106,699 shares or 2.1% of all its holdings.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil Raises Dividend 6.5%. Now What?” on May 25, 2018, also Seekingalpha.com with their article: “Exxon Mobil Becomes A Political Battleground” published on May 25, 2018, Seekingalpha.com published: “Exxon Mobil: Destined To Underperform?” on May 22, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Streetinsider.com and their article: “ExxonMobil (XOM), Other Energy Names Pressured Pre-Market” published on May 25, 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 earnings per share, up 48.72% or $0.38 from last year’s $0.78 per share. XOM’s profit will be $4.91B for 16.96 P/E if the $1.16 EPS becomes a reality. After $1.09 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.42% EPS growth.

Chemical Financial Corporation (NASDAQ:CHFC) Institutional Positions Chart

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