Ausdal Financial Partners Inc. Trims Position in Exxon Mobil Co. (XOM)

Ausdal Financial Partners Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,022 shares of the oil and gas company’s stock after selling 1,906 shares during the period. Ausdal Financial Partners Inc.’s holdings in Exxon Mobil were worth $1,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Middleton & Co Inc MA lifted its position in Exxon Mobil by 4.0% during the 3rd quarter. Middleton & Co Inc MA now owns 166,835 shares of the oil and gas company’s stock valued at $13,677,000 after purchasing an additional 6,344 shares during the period. Villere ST Denis J & Co. LLC lifted its position in Exxon Mobil by 68.2% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 15,581 shares of the oil and gas company’s stock valued at $1,277,000 after purchasing an additional 6,317 shares during the period. Palisade Capital Management LLC NJ lifted its position in Exxon Mobil by 10.5% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 40,560 shares of the oil and gas company’s stock valued at $3,325,000 after purchasing an additional 3,870 shares during the period. McKinley Carter Wealth Services Inc. lifted its position in Exxon Mobil by 6.3% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 37,313 shares of the oil and gas company’s stock valued at $3,059,000 after purchasing an additional 2,220 shares during the period. Finally, Berkshire Asset Management LLC PA lifted its position in Exxon Mobil by 38.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 296,709 shares of the oil and gas company’s stock valued at $24,324,000 after purchasing an additional 82,187 shares during the period. Institutional investors and hedge funds own 51.06% of the company’s stock.

In related news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by company insiders.

Shares of Exxon Mobil Co. (NYSE:XOM) opened at $87.15 on Friday. Exxon Mobil Co. has a 52 week low of $76.05 and a 52 week high of $88.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a market capitalization of $369,260.00, a P/E ratio of 28.39, a P/E/G ratio of 1.34 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period in the prior year, the business earned $0.63 EPS. analysts anticipate that Exxon Mobil Co. will post 3.68 earnings per share for the current year.

A number of research analysts have issued reports on the stock. Jefferies Group set a $90.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday. HSBC set a $80.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Thursday. Vetr upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Saturday, January 13th. Finally, Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, January 11th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.71.

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About Exxon Mobil

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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