Exxon Mobil Co. (NYSE:XOM) Shares Sold by 1ST Source Bank

1ST Source Bank reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,729 shares of the oil and gas company’s stock after selling 3,129 shares during the period. 1ST Source Bank’s holdings in Exxon Mobil were worth $6,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Advisory Service Inc. lifted its position in shares of Exxon Mobil by 15.0% during the third quarter. Financial Advisory Service Inc. now owns 26,388 shares of the oil and gas company’s stock worth $1,863,000 after purchasing an additional 3,439 shares during the last quarter. Independence Bank of Kentucky lifted its position in shares of Exxon Mobil by 8.8% during the third quarter. Independence Bank of Kentucky now owns 29,227 shares of the oil and gas company’s stock worth $2,064,000 after purchasing an additional 2,368 shares during the last quarter. Arbor Investment Advisors LLC lifted its position in shares of Exxon Mobil by 130.7% during the third quarter. Arbor Investment Advisors LLC now owns 9,344 shares of the oil and gas company’s stock worth $660,000 after purchasing an additional 5,294 shares during the last quarter. JGP Wealth Management LLC lifted its position in shares of Exxon Mobil by 1.9% during the third quarter. JGP Wealth Management LLC now owns 70,795 shares of the oil and gas company’s stock worth $4,754,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Mizuho Securities USA LLC bought a new position in shares of Exxon Mobil during the third quarter worth about $3,693,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

In other Exxon Mobil news, VP David S. Rosenthal sold 9,615 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 firm’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 transaction 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 disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.

Several brokerages have recently commented on XOM. Jefferies Financial Group reaffirmed a “neutral” rating and set a $75.00 price target on shares of Exxon Mobil in a research report on Wednesday, January 22nd. Royal Bank of Canada reduced their price target on shares of Exxon Mobil from $75.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Berenberg Bank reaffirmed a “neutral” rating and set a $67.00 price target on shares of Exxon Mobil in a research report on Tuesday, January 14th. Credit Suisse Group reaffirmed a “neutral” rating and set a $70.00 price target on shares of Exxon Mobil in a research report on Thursday, January 9th. Finally, Citigroup reduced their price target on shares of Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.65.

Shares of NYSE XOM opened at $64.74 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $69.19 and its two-hundred day moving average price is $70.20. Exxon Mobil Co. has a 52-week low of $64.70 and a 52-week high of $83.49. The stock has a market capitalization of $280.61 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.96 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 Zacks’ 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 for the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter last year, the company posted $0.82 earnings per share. Exxon Mobil’s revenue was down 15.1% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 2.32 earnings per share for the current year.

Exxon Mobil 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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