Puzo Michael J increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,743 shares of the oil and gas company’s stock after purchasing an additional 160 shares during the period. Exxon Mobil Corporation accounts for 2.9% of Puzo Michael J’s holdings, making the stock its 15th biggest holding. Puzo Michael J’s holdings in Exxon Mobil Corporation were worth $5,307,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Horan Securities Inc. purchased a new position in Exxon Mobil Corporation in the 1st quarter worth approximately $102,000. Riggs Asset Managment Co. Inc. lifted its holdings in Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 292 shares in the last quarter. Watermark Asset Management Inc. purchased a new position in Exxon Mobil Corporation in the 1st quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Exxon Mobil Corporation by 13.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 220 shares in the last quarter. Finally, Diversified Portfolios Inc. purchased a new position in Exxon Mobil Corporation in the 1st quarter worth approximately $224,000. 50.74% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on XOM shares. Zacks Investment Research raised Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BMO Capital Markets set a $78.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 price objective on the stock in a report on Wednesday, September 13th. BNP Paribas set a $70.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Monday, September 25th. Finally, Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $84.82.
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In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis.
Exxon Mobil Corporation Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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