Nikko Asset Management Americas Inc. increased its stake in Exxon Mobil Corp. (NYSE:XOM) by 6.6% during the second quarter, Holdings Channel reports. The institutional investor owned 478,793 shares of the company’s stock after buying an additional 29,700 shares during the period. Exxon Mobil Corp. makes up 4.2% of Nikko Asset Management Americas Inc.’s portfolio, making the stock its largest position. Nikko Asset Management Americas Inc.’s holdings in Exxon Mobil Corp. were worth $44,268,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Banced Corp raised 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 valued at $210,000 after buying an additional 197 shares in the last quarter. Albert D Mason Inc. acquired a new position in Exxon Mobil Corp. during the second quarter valued at $224,000. Lenox Wealth Advisors Inc. raised 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 valued at $254,000 after buying an additional 10 shares in the last quarter. Bouchey Financial Group Ltd raised 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 valued at $290,000 after buying an additional 700 shares in the last quarter. Finally, ELM Advisors LLC acquired a new position in Exxon Mobil Corp. during the second quarter valued at $299,000. Institutional investors and hedge funds own 50.42% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.02% on Friday, hitting $86.54. 7,991,654 shares of the stock traded hands. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The stock’s 50 day moving average price is $86.20 and its 200 day moving average price is $88.37. The stock has a market cap of $358.85 billion, a P/E ratio of 34.37 and a beta of 0.83.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. Exxon Mobil Corp.’s revenue was down 22.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. On average, equities analysts expect that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
XOM has been the topic of a number of research reports. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. Credit Suisse Group AG set a $74.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a research report on Friday. HSBC set a $88.50 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 13th. BNP Paribas set a $80.00 price target on Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Tuesday, October 11th. Finally, Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price target for the company in a research note on Monday, June 27th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $87.77.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the sale, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.
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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