Stillwater Capital Advisors LLC Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Stillwater Capital Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 95.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,041 shares of the oil and gas company’s stock after selling 92,469 shares during the quarter. Stillwater Capital Advisors LLC’s holdings in Exxon Mobil were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XOM. Massey Quick Simon & CO. LLC lifted its stake in shares of Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 183 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth $26,000. Asset Planning Services Ltd. lifted its stake in shares of Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth $45,000. Finally, PARK CIRCLE Co lifted its stake in shares of Exxon Mobil by 100.0% during the 2nd quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 54.42% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Berenberg Bank decreased their price objective on Exxon Mobil from $73.00 to $63.00 and set a “hold” rating for the company in a research note on Monday. Barclays started coverage on Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price on the stock. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and reduced their target price for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Morgan Stanley reduced their target price on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $80.52.

In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by company insiders.

Exxon Mobil stock traded up $1.17 during midday trading on Friday, hitting $69.43. 5,191,173 shares of the company were exchanged, compared to its average volume of 11,267,818. The firm has a market capitalization of $282.21 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $84.17. The business has a fifty day simple moving average of $70.05 and a two-hundred day simple moving average of $74.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74.

Exxon Mobil (NYSE:XOM) last posted its 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. The firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 3.04 earnings per share for the current year.

Exxon Mobil 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 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.

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

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