Country Trust Bank lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,994 shares of the oil and gas company’s stock after buying an additional 310 shares during the period. Exxon Mobil Corporation comprises 1.7% of Country Trust Bank’s investment portfolio, making the stock its 19th biggest holding. Country Trust Bank’s holdings in Exxon Mobil Corporation were worth $35,117,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Horan Securities Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $102,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of 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 acquiring an additional 292 shares during the period. Watermark Asset Management Inc. acquired a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of 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 acquiring an additional 220 shares during the period. Finally, Diversified Portfolios Inc. acquired a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $224,000. 50.74% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts recently weighed in on the company. Jefferies Group LLC set a $84.00 price target on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Thursday, October 19th. Morgan Stanley restated an “underperform” rating on shares of Exxon Mobil Corporation in a report on Thursday, October 19th. BMO Capital Markets set a $80.00 price target on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Wednesday, October 18th. Barclays PLC restated an “overweight” rating and issued a $94.00 price target (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Friday, October 13th. Finally, Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a report on Friday, October 6th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.32.
Exxon Mobil Corporation (NYSE:XOM) opened at 83.47 on Wednesday. The company has a 50 day moving average price of $81.18 and a 200 day moving average price of $80.77. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.21. The stock has a market capitalization of $353.67 billion, a price-to-earnings ratio of 30.09 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 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 for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corporation will post $3.49 earnings per share for the current year.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.
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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