Beacon Financial Group Boosted Its Exxon Mobil (XOM) Holding; Sanmina (SANM) SI Increased By 10.68%

Sanmina Corporation (NASDAQ:SANM) Logo

Beacon Financial Group increased Exxon Mobil Corporation (XOM) stake by 12.99% reported in 2017Q4 SEC filing. Beacon Financial Group acquired 24,119 shares as Exxon Mobil Corporation (XOM)’s stock declined 12.23%. The Beacon Financial Group holds 209,841 shares with $17.55M value, up from 185,722 last quarter. Exxon Mobil Corporation now has $329.71 billion valuation. The stock increased 0.80% or $0.62 during the last trading session, reaching $77.84. About 10.92 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since April 16, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Sanmina Corporation (NASDAQ:SANM) had an increase of 10.68% in short interest. SANM’s SI was 913,900 shares in April as released by FINRA. Its up 10.68% from 825,700 shares previously. With 1.56M avg volume, 1 days are for Sanmina Corporation (NASDAQ:SANM)’s short sellers to cover SANM’s short positions. The SI to Sanmina Corporation’s float is 1.3%. The stock increased 4.01% or $1.1 during the last trading session, reaching $28.5. About 630,187 shares traded. Sanmina Corporation (NASDAQ:SANM) has declined 34.21% since April 16, 2017 and is downtrending. It has underperformed by 45.76% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 4 sales for $3.42 million activity. 12,000 shares valued at $996,628 were sold by Chapman Neil A on Thursday, December 14. The insider Corson Bradley W sold 19,500 shares worth $1.62M. Wascom Dennis G had sold 2,412 shares worth $200,293 on Friday, December 15. Shares for $606,082 were sold by Milton Bryan W.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil has $104 highest and $20 lowest target. $81.59’s average target is 4.82% above currents $77.84 stock price. Exxon Mobil had 91 analyst reports since July 22, 2015 according to SRatingsIntel. HSBC upgraded the shares of XOM in report on Thursday, March 15 to “Buy” rating. Goldman Sachs downgraded the shares of XOM in report on Monday, October 31 to “Neutral” rating. RBC Capital Markets maintained Exxon Mobil Corporation (NYSE:XOM) on Monday, October 9 with “Hold” rating. The rating was downgraded by Vetr to “Strong-Buy” on Wednesday, August 12. The stock has “Hold” rating by Jefferies on Tuesday, October 3. The rating was upgraded by Credit Suisse on Thursday, March 2 to “Neutral”. The company was upgraded on Thursday, May 11 by Bank of America. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Jefferies on Friday, January 19. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by TD Securities on Thursday, August 6. The stock has “Underweight” rating by Barclays Capital on Thursday, September 3.

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.01, from 0.85 in 2017Q3. It is negative, 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. Bedell Frazier Inv Counseling Ltd Llc, California-based fund reported 76,290 shares. 26,583 are held by Checchi Advisers Ltd Co. Bridgeway Cap Mngmt Inc invested in 169,702 shares or 0.15% of the stock. Old Natl Retail Bank In reported 327,683 shares or 1.42% of all its holdings. Glenview National Bank & Trust Tru Dept has invested 3.08% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Pathstone Family Office Limited Company invested in 0.28% or 6,021 shares. Flossbach Von Storch Ag reported 0.13% in Exxon Mobil Corporation (NYSE:XOM). Mogy Joel R Invest Counsel holds 1.18% in Exxon Mobil Corporation (NYSE:XOM) or 90,347 shares. Naples Advisors Ltd Company has invested 0.27% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Cap Innovations Ltd Limited Liability Company has invested 0.76% in Exxon Mobil Corporation (NYSE:XOM). Baystate Wealth Mngmt Ltd Com holds 0.36% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 27,779 shares. Amer Money Mgmt Limited Company reported 1.32% stake. First Hawaiian Bankshares has 10,082 shares. Riverpoint Cap Management Llc owns 78,923 shares. Parthenon Ltd Limited Liability Company has 4.1% invested in Exxon Mobil Corporation (NYSE:XOM) for 217,549 shares.

Beacon Financial Group decreased Phillips 66 Com (NYSE:PSX) stake by 91,618 shares to 10,229 valued at $1.04 million in 2017Q4. It also reduced Expeditors Intl Wash Inc (NASDAQ:EXPD) stake by 11,138 shares and now owns 36,975 shares. Ishares (FLOT) was reduced too.

Since February 5, 2018, it had 1 insider purchase, and 2 sales for $602,487 activity. SHORTRIDGE WAYNE had sold 5,000 shares worth $135,025. Licata Joseph G Jr had sold 18,444 shares worth $506,959. BILLINGER BRENT had bought 1,500 shares worth $39,497 on Monday, February 5.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.14, from 0.79 in 2017Q3. It improved, as 28 investors sold Sanmina Corporation shares while 90 reduced holdings. 36 funds opened positions while 74 raised stakes. 65.12 million shares or 1.41% less from 66.06 million shares in 2017Q3 were reported. Mason Street Advsr Limited Liability, a Wisconsin-based fund reported 18,732 shares. Wellington Management Grp Llp owns 0% invested in Sanmina Corporation (NASDAQ:SANM) for 73,967 shares. Wells Fargo Mn has invested 0.01% in Sanmina Corporation (NASDAQ:SANM). Livforsakringsbolaget Skandia Omsesidigt stated it has 0.33% of its portfolio in Sanmina Corporation (NASDAQ:SANM). Credit Suisse Ag has invested 0% in Sanmina Corporation (NASDAQ:SANM). 2.23M are owned by Northern Trust Corp. Macquarie Gru Limited invested in 0% or 59,300 shares. Federated Incorporated Pa owns 106,021 shares. Moreover, Millennium Management Llc has 0.02% invested in Sanmina Corporation (NASDAQ:SANM). 6,361 are owned by Royal National Bank & Trust Of Canada. Skyline Asset Mgmt L P reported 1.13% of its portfolio in Sanmina Corporation (NASDAQ:SANM). Qs Ltd Liability holds 190,596 shares. Great West Life Assurance Co Can reported 94,516 shares stake. Teachers Insur & Annuity Association Of America has 0.03% invested in Sanmina Corporation (NASDAQ:SANM). Bailard holds 0.03% or 15,700 shares in its portfolio.

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company has market cap of $2.03 billion. The firm offers product design and engineering solutions comprising concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services. It currently has negative earnings. It also provides interconnect systems, such as printed circuit board fabrication, backplane, and cable assemblies; and mechanical systems, including enclosures, precision machining, and plastic injection molding; non-volatile DIMMs, solid state drives, and DRAM solutions; defense and aerospace products; storage products; and optical and radio frequency modules.

Among 11 analysts covering Sanmina-SCI Corporation (NASDAQ:SANM), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Sanmina-SCI Corporation has $48 highest and $18 lowest target. $36.14’s average target is 26.81% above currents $28.5 stock price. Sanmina-SCI Corporation had 29 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, October 22 by Goldman Sachs. The firm has “Buy” rating by Needham given on Wednesday, August 30. Argus Research downgraded the stock to “Hold” rating in Thursday, November 2 report. The rating was downgraded by Citigroup on Friday, October 23 to “Sell”. The stock of Sanmina Corporation (NASDAQ:SANM) has “Hold” rating given on Friday, January 19 by RBC Capital Markets. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, August 3. The rating was maintained by B. Riley & Co on Tuesday, April 26 with “Buy”. The stock has “Buy” rating by Needham on Tuesday, October 3. On Wednesday, November 4 the stock rating was maintained by Argus Research with “Buy”. The stock of Sanmina Corporation (NASDAQ:SANM) earned “Buy” rating by Needham on Wednesday, November 2.

Sanmina Corporation (NASDAQ:SANM) Institutional Positions Chart