Obermeyer Wood Investment Counsel Lllp increased its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 34,735 shares of the company’s stock after buying an additional 448 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Exxon Mobil Corp. were worth $3,256,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in XOM. NewSquare Capital LLC boosted its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares in the last quarter. Investment House LLC bought a new stake in Exxon Mobil Corp. during the second quarter worth approximately $206,000. Proficio Capital Partners LLC boosted its stake in Exxon Mobil Corp. by 189.9% in the second quarter. Proficio Capital Partners LLC now owns 2,215 shares of the company’s stock worth $200,000 after buying an additional 1,451 shares during the period. Provident Trust Co. bought a new stake in Exxon Mobil Corp. during the second quarter worth approximately $210,000. Finally, DT Investment Partners LLC bought a new stake in Exxon Mobil Corp. during the second quarter worth approximately $211,000. Institutional investors and hedge funds own 50.42% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.03% during trading on Friday, hitting $86.53. 2,701,588 shares of the stock traded hands. The stock has a market cap of $358.81 billion, a PE ratio of 34.36 and a beta of 0.83. The firm’s 50-day moving average price is $86.23 and its 200-day moving average price is $88.35. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. The company had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business’s revenue was down 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 earnings per share. Analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current year.
A number of equities research analysts recently commented on the stock. Vetr cut shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price target on the stock. in a report on Wednesday, September 28th. HSBC set a $86.00 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Tuesday, June 28th. Societe Generale set a $105.00 price target on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price target on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $102.00 price target on shares of Exxon Mobil Corp. in a report on Thursday, July 28th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.77.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the transaction, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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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