Private Wealth Partners LLC Purchases 1,100 Shares of Exxon Mobil Corporation (XOM)

Private Wealth Partners LLC raised its position in Exxon Mobil Corporation (NYSE:XOM) by 14.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,879 shares of the oil and gas company’s stock after acquiring an additional 1,100 shares during the quarter. Private Wealth Partners LLC’s holdings in Exxon Mobil Corporation were worth $717,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after buying an additional 51,810 shares during the period. APG Asset Management N.V. raised its stake in shares of Exxon Mobil Corporation by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after buying an additional 2,088,263 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Exxon Mobil Corporation by 0.6% in the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock worth $381,912,000 after buying an additional 26,923 shares during the period. 50.73% of the stock is currently owned by institutional investors.

Exxon Mobil Corporation (NYSE XOM) opened at 82.96 on Wednesday. The firm’s 50-day moving average price is $80.09 and its 200 day moving average price is $80.75. The stock has a market cap of $351.51 billion, a PE ratio of 29.91 and a beta of 0.82. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the previous year, the company earned $0.41 EPS. Exxon Mobil Corporation’s revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Corporation will post $3.46 EPS for the current year.

Several research analysts have recently commented on XOM shares. Cowen and Company reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price objective on the stock. in a research note on Tuesday, July 4th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada downgraded Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $96.00 to $95.00 in a research note on Thursday, July 6th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.11.

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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

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.

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

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