Advisor Partners LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,360 shares of the oil and gas company’s stock after purchasing an additional 12,398 shares during the quarter. Advisor Partners LLC’s holdings in Exxon Mobil were worth $5,690,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Candriam Luxembourg S.C.A. raised its stake in Exxon Mobil by 48.5% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 164,241 shares during the last quarter. Marquette Asset Management LLC raised its stake in Exxon Mobil by 35.0% during the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. Arlington Partners LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at $45,000. Quantum Capital Management purchased a new stake in Exxon Mobil during the 3rd quarter valued at $48,000. Finally, KCS Wealth Advisory purchased a new stake in Exxon Mobil during the 3rd quarter valued at $62,000. 54.50% of the stock is currently owned by hedge funds and other institutional investors.
In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction on Wednesday, November 20th. The stock was 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 approximately $14,422,587.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total value of $668,338.65. Corporate insiders own 0.05% of the company’s stock.
NYSE:XOM opened at $66.32 on Friday. 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 market capitalization of $280.61 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Exxon Mobil Co. has a one year low of $66.04 and a one year high of $83.49. The business has a fifty day moving average price of $69.41 and a 200-day moving average price of $70.36.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. Exxon Mobil’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.
A number of brokerages have weighed in on XOM. Jefferies Financial Group reiterated a “neutral” rating and set a $75.00 target price on shares of Exxon Mobil in a research note on Wednesday. Scotiabank lowered shares of Exxon Mobil from a “sector perform” rating to a “sector underperform” rating and set a $75.00 target price for the company. in a research note on Thursday. Morgan Stanley decreased their target price on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. 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 target price on shares of Exxon Mobil in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus target price of $77.65.
Exxon Mobil 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 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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