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If you like to follow smart money trends, you may be interested in this list.

Here we report 12 companies that have been underperforming, with negative performance for the most recent quarter. These stocks have also seen significant net institutional buying over the same quarter, indicating that smart money has been favoring these names.

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Do you agree with institutional investors and think these names are being underpriced by the market? Or do you think that institutional investors got it wrong? Use this list as a starting-off point for your own analysis.

List sorted by net institutional shares purchased as a percent of share float.

1. MetLife, Inc. (NYSE:MET): Life Insurance Industry. Market cap of $45.92B. The stock has lost 6.12% over the last quarter. Net institutional shares purchased over the current quarter at 172.0M, which is 20.53% of the company's 837.96M share float. The stock has gained 14.5% over the last year.

2. EOG Resources, Inc. (NYSE:EOG): Independent Oil & Gas Industry. Market cap of $27.98B. The stock has lost 3.62% over the last quarter. Net institutional shares purchased over the current quarter at 20.5M, which is 7.68% of the company's 266.82M share float. The stock has gained 7.73% over the last year.

3. Citigroup, Inc. (NYSE:C): Money Center Banks Industry. Market cap of $117.29B. The stock has lost 14.37% over the last quarter. Net institutional shares purchased over the current quarter at 191.7M, which is 6.59% of the company's 2.91B share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.56). The stock is a short squeeze candidate, with a short float at 13.31% (equivalent to 9.16 days of average volume).

4. Wells Fargo & Company (NYSE:WFC): Money Center Banks Industry. Market cap of $145.61B. The stock has lost 11.9% over the last quarter. Net institutional shares purchased over the current quarter at 257.5M, which is 5.21% of the company's 4.94B share float. The stock has lost 3.2% over the last year.

5. Hewlett-Packard Company (NYSE:HPQ): Diversified Computer Systems Industry. Market cap of $77.49B. The stock has lost 25.61% over the last quarter. Net institutional shares purchased over the current quarter at 97.2M, which is 4.5% of the company's 2.16B share float. It's been a rough couple of days for the stock, losing 10.03% over the last week.

6. Microsoft Corporation (NASDAQ:MSFT): Application Software Industry. Market cap of $203.82B. The stock has lost 8.52% over the last quarter. Net institutional shares purchased over the current quarter at 318.3M, which is 4.27% of the company's 7.46B share float. The stock might be undervalued at current levels, with a PEG ratio at 0.89, and P/FCF ratio at 10.6. The stock has lost 5.77% over the last year.

7. Exxon Mobil Corporation (NYSE:XOM): Major Integrated Oil & Gas Industry. Market cap of $397.39B. The stock has lost 5.05% over the last quarter. Net institutional shares purchased over the current quarter at 186.0M, which is 3.79% of the company's 4.91B share float. The stock has gained 37.33% over the last year.

8. Imperial Oil Ltd. (NYSEMKT:IMO): Oil & Gas Refining & Marketing Industry. Market cap of $39.23B. The stock has lost 7.57% over the last quarter. Net institutional shares purchased over the current quarter at 8.1M, which is 3.15% of the company's 257.43M share float. The stock has performed poorly over the last month, losing 12.81%.

9. QUALCOMM Incorporated (NASDAQ:QCOM): Communication Equipment Industry. Market cap of $94.13B. The stock has lost 2.88% over the last quarter. Net institutional shares purchased over the current quarter at 46.5M, which is 2.82% of the company's 1.65B share float. The stock has gained 60.86% over the last year.

10. The Bank of New York Mellon Corporation (NYSE:BK): Asset Management Industry. Market cap of $34.53B. The stock has lost 9.62% over the last quarter. Net institutional shares purchased over the current quarter at 33.9M, which is 2.73% of the company's 1.24B share float. The stock has gained 3.85% over the last year.

11. Enterprise Products Partners LP (NYSE:EPD): Independent Oil & Gas Industry. Market cap of $35.03B. The stock has lost 4.36% over the last quarter. Net institutional shares purchased over the current quarter at 4.5M, which is 2.64% of the company's 170.24M share float. The stock has gained 36.31% over the last year.

12. Johnson Controls Inc. (NYSE:JCI): Auto Parts Industry. Market cap of $25.73B. The stock has lost 8.58% over the last quarter. Net institutional shares purchased over the current quarter at 14.9M, which is 2.2% of the company's 676.34M share float. The stock has gained 39.41% over the last year.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 12 Underperforming Stocks Seeing Institutional Interest