Personal Capital Advisors Corp grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,572 shares of the oil and gas company’s stock after acquiring an additional 22,926 shares during the period. Personal Capital Advisors Corp’s holdings in Exxon Mobil Corporation were worth $21,117,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of XOM. Horan Securities Inc. bought a new position in Exxon Mobil Corporation in the 1st quarter worth about $102,000. Riggs Asset Managment Co. Inc. grew its stake 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 acquiring an additional 292 shares in the last quarter. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation in the 1st quarter worth about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake 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 acquiring an additional 220 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new position in Exxon Mobil Corporation in the 1st quarter worth about $224,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
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A number of equities analysts have commented on the stock. Barclays PLC set a $91.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Tuesday. Vetr downgraded shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research note on Friday, October 6th. Goldman Sachs Group, Inc. (The) set a $85.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. BNP Paribas set a $70.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Monday, September 25th. Finally, Cowen and Company restated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.82.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.381% during trading on Thursday, hitting $82.285. 3,786,321 shares of the stock traded hands. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The stock has a market cap of $348.65 billion, a P/E ratio of 29.663 and a beta of 0.82. The company’s 50 day moving average price is $79.66 and its 200-day moving average price is $80.75.
Exxon Mobil Corporation (NYSE:XOM) last released 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 Thomson Reuters’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the prior year, the business earned $0.41 earnings per share. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.
Exxon Mobil Corporation Company 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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