Mountain Pacific Investment Advisers Inc. ID Lowers Position in ExxonMobil (XOM)

Mountain Pacific Investment Advisers Inc. ID trimmed its holdings in ExxonMobil (NYSE:XOM) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 48,415 shares of the oil and gas company’s stock after selling 2,725 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in ExxonMobil were worth $4,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Beach Investment Management LLC. purchased a new position in ExxonMobil in the 2nd quarter valued at about $2,867,000. Community Bank N.A. lifted its holdings in ExxonMobil by 17.1% in the 2nd quarter. Community Bank N.A. now owns 117,986 shares of the oil and gas company’s stock valued at $9,523,000 after purchasing an additional 17,255 shares in the last quarter. Murphy Pohlad Asset Management LLC lifted its holdings in ExxonMobil by 0.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 27,958 shares of the oil and gas company’s stock valued at $2,257,000 after purchasing an additional 155 shares in the last quarter. Fernwood Investment Management LLC lifted its holdings in ExxonMobil by 0.4% in the 2nd quarter. Fernwood Investment Management LLC now owns 24,435 shares of the oil and gas company’s stock valued at $1,973,000 after purchasing an additional 100 shares in the last quarter. Finally, Allegis Investment Advisors LLC lifted its holdings in ExxonMobil by 59.1% in the 2nd quarter. Allegis Investment Advisors LLC now owns 6,645 shares of the oil and gas company’s stock valued at $536,000 after purchasing an additional 2,469 shares in the last quarter. 53.12% of the stock is currently owned by hedge funds and other institutional investors.

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XOM has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of ExxonMobil from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Saturday, January 13th. Vetr upgraded shares of ExxonMobil from a “hold” rating to a “buy” rating and set a $87.50 target price on the stock in a report on Monday, February 5th. Bank of America restated a “buy” rating and issued a $102.00 target price on shares of ExxonMobil in a report on Wednesday, February 28th. Societe Generale restated a “buy” rating and issued a $87.00 target price on shares of ExxonMobil in a report on Tuesday, March 13th. Finally, HSBC upgraded shares of ExxonMobil from a “reduce” rating to a “buy” rating and upped their target price for the company from $73.60 to $82.50 in a report on Thursday, March 15th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $86.55.

XOM opened at $74.87 on Monday. The company has a market cap of $317,258.78, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. ExxonMobil has a 1 year low of $72.15 and a 1 year high of $89.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.52.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. analysts expect that ExxonMobil will post 4.8 earnings per share for the current year.

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ExxonMobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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