Shine Investment Advisory Services Inc. cut its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,406 shares of the company’s stock after selling 4,596 shares during the period. Exxon Mobil Corp. makes up 1.7% of Shine Investment Advisory Services Inc.’s portfolio, making the stock its 14th largest position. Shine Investment Advisory Services Inc.’s holdings in Exxon Mobil Corp. were worth $1,444,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Banced Corp increased its position in Exxon Mobil Corp. by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock worth $210,000 after buying an additional 197 shares during the last quarter. Albert D Mason Inc. acquired a new position in Exxon Mobil Corp. during the second quarter worth approximately $224,000. Lenox Wealth Advisors Inc. increased its position in Exxon Mobil Corp. by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 2,708 shares of the company’s stock worth $254,000 after buying an additional 10 shares during the last quarter. Bouchey Financial Group Ltd increased its position in Exxon Mobil Corp. by 29.2% in the second quarter. Bouchey Financial Group Ltd now owns 3,097 shares of the company’s stock worth $290,000 after buying an additional 700 shares during the last quarter. Finally, ELM Advisors LLC acquired a new position in Exxon Mobil Corp. during the second quarter worth approximately $299,000. 50.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.02% during trading on Friday, reaching $86.54. 7,991,654 shares of the company were exchanged. The company has a market capitalization of $358.85 billion, a PE ratio of 34.37 and a beta of 0.83. The firm’s 50 day moving average price is $86.20 and its 200 day moving average price is $88.37. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results 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 firm had revenue of $57.69 billion for the quarter, compared to analyst estimates 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 in the prior year, the company posted $1.00 EPS. Equities research analysts forecast that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on XOM shares. HSBC set a $91.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Tuesday. Exane BNP Paribas started coverage on shares of Exxon Mobil Corp. in a report on Monday. They set an “underperform” rating and a $80.00 price objective for the company. RBC Capital Markets set a $98.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Thursday. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a report on Tuesday, September 13th. Finally, Bank of America Corp. set a $100.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “hold” rating in a report on Monday. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average 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 stock in a transaction that occurred 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 sale, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.
About Exxon Mobil Corp.
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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