Candriam Luxembourg S.C.A. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 499,591 shares of the oil and gas company’s stock after selling 3,475 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Exxon Mobil were worth $35,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in XOM. California Public Employees Retirement System lifted its holdings in shares of Exxon Mobil by 22.2% in the third quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after acquiring an additional 1,902,091 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after purchasing an additional 1,069,038 shares during the last quarter. Fisher Asset Management LLC increased its position in Exxon Mobil by 17.2% during the 3rd quarter. Fisher Asset Management LLC now owns 6,600,585 shares of the oil and gas company’s stock worth $466,067,000 after purchasing an additional 969,474 shares in the last quarter. Johanson Financial Advisors Inc. increased its position in Exxon Mobil by 7,172.8% during the 4th quarter. Johanson Financial Advisors Inc. now owns 907,501 shares of the oil and gas company’s stock worth $13,008,000 after purchasing an additional 895,023 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Exxon Mobil by 2,287.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 814,339 shares of the oil and gas company’s stock valued at $57,500,000 after purchasing an additional 780,224 shares during the last quarter. Hedge funds and other institutional investors own 54.50% of the company’s stock.
XOM has been the topic of a number of research analyst reports. Bank of America upgraded shares of Exxon Mobil to a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Goldman Sachs Group dropped their price target on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada cut their price objective on Exxon Mobil from $75.00 to $70.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, Piper Jaffray Companies initiated coverage on Exxon Mobil in a research report on Tuesday, November 26th. They set a “hold” rating and a $83.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $77.82.
In related news, VP David S. Rosenthal sold 9,615 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total value of $668,338.65. Also, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total value of $2,203,910.62. Following the completion of the sale, the vice president now owns 211,289 shares in the company, valued at $14,422,587.14. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.
Shares of NYSE:XOM opened at $67.58 on Wednesday. The firm has a market cap of $287.72 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.19 and a beta of 1.00. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $66.31 and a 12-month high of $83.49. The business has a fifty day simple moving average of $69.51 and a 200 day simple moving average of $70.50.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The firm had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 2.42 EPS for the current year.
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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