Middleton & Co Inc MA Has $12.37 Million Stake in Exxon Mobil Co. (XOM)

Middleton & Co Inc MA trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,541 shares of the oil and gas company’s stock after selling 3,174 shares during the quarter. Exxon Mobil comprises about 2.1% of Middleton & Co Inc MA’s portfolio, making the stock its 10th biggest position. Middleton & Co Inc MA’s holdings in Exxon Mobil were worth $12,372,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in XOM. HC Financial Advisors Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $1,137,000. Biondo Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 15.0% in the 1st quarter. Biondo Investment Advisors LLC now owns 6,901 shares of the oil and gas company’s stock valued at $520,000 after purchasing an additional 900 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Exxon Mobil by 1.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 380,358 shares of the oil and gas company’s stock valued at $28,379,000 after purchasing an additional 6,103 shares during the period. Intercontinental Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 11.2% in the 1st quarter. Intercontinental Wealth Advisors LLC now owns 8,359 shares of the oil and gas company’s stock valued at $624,000 after purchasing an additional 843 shares during the period. Finally, Hanson McClain Inc. lifted its stake in shares of Exxon Mobil by 2.5% in the 1st quarter. Hanson McClain Inc. now owns 28,543 shares of the oil and gas company’s stock valued at $2,130,000 after purchasing an additional 686 shares during the period. 52.52% of the stock is currently owned by institutional investors.

Shares of Exxon Mobil stock opened at $81.97 on Friday. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The stock has a market capitalization of $345.35 billion, a P/E ratio of 22.83, a PEG ratio of 1.34 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The firm had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. Analysts expect that Exxon Mobil Co. will post 4.57 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the company. Macquarie set a $70.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Friday. Credit Suisse Group set a $80.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, October 8th. Royal Bank of Canada set a $105.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, July 23rd. Finally, Barclays reaffirmed a “sell” rating and issued a $84.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $87.08.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

Exxon Mobil 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 Exxon Mobil (NYSE:XOM)

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