Corbenic Partners LLC lifted its holdings in ExxonMobil (NYSE:XOM) by 26.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,267 shares of the oil and gas company’s stock after purchasing an additional 1,088 shares during the period. ExxonMobil makes up 0.6% of Corbenic Partners LLC’s holdings, making the stock its 22nd biggest holding. Corbenic Partners LLC’s holdings in ExxonMobil were worth $441,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in XOM. Vanguard Group Inc. grew its holdings in ExxonMobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares in the last quarter. Capital Research Global Investors lifted its position in shares of ExxonMobil by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after buying an additional 2,058,060 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ExxonMobil by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after buying an additional 1,595,027 shares during the last quarter. Legal & General Group Plc lifted its position in shares of ExxonMobil by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after buying an additional 360,596 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of ExxonMobil by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,716,523 shares of the oil and gas company’s stock worth $1,899,993,000 after buying an additional 1,314,210 shares during the last quarter. Hedge funds and other institutional investors own 53.12% of the company’s stock.
XOM stock opened at $78.33 on Wednesday. ExxonMobil has a 12 month low of $72.15 and a 12 month high of $89.30. The firm has a market capitalization of $329,844.03, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13.
ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. ExxonMobil had a net margin of 7.61% and a return on equity of 8.00%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. equities research analysts forecast that ExxonMobil will post 4.81 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the stock. Morgan Stanley set a $90.00 price objective on shares of ExxonMobil and gave the stock a “sell” rating in a research report on Wednesday, January 24th. Credit Suisse Group set a $84.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. HSBC set a $80.00 price objective on shares of ExxonMobil and gave the stock a “sell” rating in a research report on Thursday, January 18th. Goldman Sachs set a $92.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Monday, January 22nd. Finally, Vetr upgraded shares of ExxonMobil from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, January 16th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.42.
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ExxonMobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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