Lantz Financial LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Share on StockTwits

Lantz Financial LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 20,229 shares of the oil and gas company’s stock after buying an additional 336 shares during the quarter. Lantz Financial LLC’s holdings in Exxon Mobil were worth $1,358,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in XOM. Nuveen Asset Management LLC grew its holdings in shares of Exxon Mobil by 5,514.1% in the second quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after purchasing an additional 22,268,191 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 0.9% in the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after purchasing an additional 2,953,857 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Exxon Mobil by 7,471.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after purchasing an additional 1,748,402 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Exxon Mobil by 0.4% in the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after purchasing an additional 1,069,038 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 4.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after purchasing an additional 1,057,308 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.

In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.05% of the company’s stock.

NYSE XOM opened at $67.61 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.75. The stock has a market capitalization of $288.31 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The firm has a 50 day moving average of $70.15 and a two-hundred day moving average of $74.24.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue was down 6.0% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 2.66 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. JPMorgan Chase & Co. set a $83.00 price objective on shares of Exxon Mobil and gave the company a “hold” rating in a report on Sunday, August 4th. Credit Suisse Group set a $74.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $80.04.

About Exxon Mobil

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Costar Technologies  Issues Quarterly  Earnings Results
Costar Technologies Issues Quarterly Earnings Results
Steem Dollars  Trading Up 4.9% This Week
Steem Dollars Trading Up 4.9% This Week
Spectre.ai Dividend Token Price Up 1.1% Over Last Week
Spectre.ai Dividend Token Price Up 1.1% Over Last Week
Expanse Market Capitalization Hits $894,622.00
Expanse Market Capitalization Hits $894,622.00
Zacks: Brokerages Anticipate Pulmatrix Inc  to Post -$0.27 Earnings Per Share
Zacks: Brokerages Anticipate Pulmatrix Inc to Post -$0.27 Earnings Per Share
Zacks Investment Research Lowers Calumet Specialty Products Partners, L.P  to Sell
Zacks Investment Research Lowers Calumet Specialty Products Partners, L.P to Sell


© 2006-2019 Ticker Report