Whitnell & Co. lowered its position in ExxonMobil (NYSE:XOM) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,950 shares of the oil and gas company’s stock after selling 641 shares during the quarter. ExxonMobil accounts for approximately 1.4% of Whitnell & Co.’s holdings, making the stock its 27th biggest holding. Whitnell & Co.’s holdings in ExxonMobil were worth $3,425,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of XOM. Beach Investment Management LLC. bought a new stake in shares of ExxonMobil in the 2nd quarter worth about $2,867,000. Community Bank N.A. grew its position in shares of ExxonMobil by 17.1% during the 2nd quarter. Community Bank N.A. now owns 117,986 shares of the oil and gas company’s stock valued at $9,523,000 after buying an additional 17,255 shares during the last quarter. Murphy Pohlad Asset Management LLC grew its position in shares of ExxonMobil by 0.6% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 27,958 shares of the oil and gas company’s stock valued at $2,257,000 after buying an additional 155 shares during the last quarter. Fernwood Investment Management LLC grew its position in shares of ExxonMobil by 0.4% during the 2nd quarter. Fernwood Investment Management LLC now owns 24,435 shares of the oil and gas company’s stock valued at $1,973,000 after buying an additional 100 shares during the last quarter. Finally, Allegis Investment Advisors LLC grew its position in shares of ExxonMobil by 59.1% during the 2nd quarter. Allegis Investment Advisors LLC now owns 6,645 shares of the oil and gas company’s stock valued at $536,000 after buying an additional 2,469 shares during the last quarter. Hedge funds and other institutional investors own 53.12% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Societe Generale reaffirmed a “buy” rating and set a $87.00 price objective on shares of ExxonMobil in a research report on Tuesday, March 13th. Piper Jaffray reaffirmed a “hold” rating and set a $83.00 price objective on shares of ExxonMobil in a research report on Monday, February 5th. JPMorgan Chase reaffirmed a “neutral” rating and set a $83.00 price objective on shares of ExxonMobil in a research report on Monday, April 9th. Goldman Sachs set a $92.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Finally, Vetr raised shares of ExxonMobil from a “hold” rating to a “buy” rating and set a $87.50 price objective for the company in a research report on Monday, February 5th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $86.64.
ExxonMobil stock opened at $79.42 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market cap of $331,920.41, a price-to-earnings ratio of 22.12, a PEG ratio of 1.17 and a beta of 0.91. ExxonMobil has a 52-week low of $72.15 and a 52-week high of $89.30.
ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The company had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. equities analysts forecast that ExxonMobil will post 4.81 EPS for the current fiscal year.
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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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