Montag A & Associates Inc. reduced its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 64,039 shares of the company’s stock after selling 740 shares during the period. Montag A & Associates Inc.’s holdings in Exxon Mobil Corp. were worth $6,003,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. raised its position in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock worth $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors raised its position in Exxon Mobil Corp. by 1.4% in the first quarter. BlackRock Fund Advisors now owns 59,669,140 shares of the company’s stock worth $4,987,743,000 after buying an additional 814,931 shares in the last quarter. BlackRock Group LTD raised its position in Exxon Mobil Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 34,632,830 shares of the company’s stock worth $2,894,959,000 after buying an additional 759,438 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Exxon Mobil Corp. by 1.2% in the first quarter. TIAA CREF Investment Management LLC now owns 16,108,497 shares of the company’s stock worth $1,346,509,000 after buying an additional 193,586 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Exxon Mobil Corp. by 0.3% in the first quarter. Prudential Financial Inc. now owns 9,202,117 shares of the company’s stock worth $769,205,000 after buying an additional 27,381 shares in the last quarter. 50.42% of the stock is currently owned by institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.50% during mid-day trading on Tuesday, reaching $88.00. 4,098,188 shares of the company traded hands. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55. The stock has a market capitalization of $364.91 billion, a price-to-earnings ratio of 34.95 and a beta of 0.83. The company’s 50-day moving average is $86.29 and its 200-day moving average is $88.38.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The company had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year. During the same period last year, the company posted $1.00 EPS. Equities analysts predict that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
XOM has been the topic of a number of recent research reports. Morgan Stanley set a $95.00 price target on shares of Exxon Mobil Corp. and gave the stock a “sell” rating in a research report on Monday, June 13th. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price target on the stock in a research report on Monday, June 27th. HSBC set a $86.00 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, June 28th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, June 30th. Finally, Zacks Investment Research upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday, July 5th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Exxon Mobil Corp. presently has an average rating of “Hold” and an average target price of $87.39.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the sale, the vice president now owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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