Relyea Zuckerberg Hanson LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,376 shares of the oil and gas company’s stock, valued at approximately $724,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. boosted its stake in Exxon Mobil by 48.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 164,241 shares in the last quarter. Marquette Asset Management LLC boosted its stake in Exxon Mobil by 35.0% in the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Arlington Partners LLC acquired a new stake in Exxon Mobil in the third quarter valued at approximately $45,000. Quantum Capital Management acquired a new stake in Exxon Mobil in the third quarter valued at approximately $48,000. Finally, KCS Wealth Advisory acquired a new stake in Exxon Mobil in the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 54.51% of the company’s stock.
Shares of Exxon Mobil stock opened at $69.09 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. The firm has a fifty day moving average price of $69.50 and a 200 day moving average price of $70.74. Exxon Mobil Co. has a 1 year low of $66.31 and a 1 year high of $83.49. The stock has a market cap of $292.54 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The firm had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter last year, the company posted $0.82 earnings per share. The firm’s revenue was down 15.1% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 2.42 EPS for the current year.
In related news, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the completion of the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total transaction of $668,338.65. Company insiders own 0.05% of the company’s stock.
XOM has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday. Royal Bank of Canada restated a “hold” rating and issued a $75.00 target price on shares of Exxon Mobil in a research note on Monday, January 6th. JPMorgan Chase & Co. set a $76.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 6th. Bank of America upgraded shares of Exxon Mobil to a “buy” rating in a research note on Tuesday, January 7th. Finally, Berenberg Bank reiterated a “neutral” rating and set a $67.00 price objective on shares of Exxon Mobil in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $78.05.
About Exxon Mobil
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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