Coastal Investment Advisors Inc. Sells 164 Shares of Exxon Mobil Co. (NYSE:XOM)

Coastal Investment Advisors Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,535 shares of the oil and gas company’s stock after selling 164 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in Exxon Mobil were worth $1,661,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Lantz Financial LLC increased its stake in Exxon Mobil by 1.7% in the third quarter. Lantz Financial LLC now owns 20,229 shares of the oil and gas company’s stock valued at $1,358,000 after acquiring an additional 336 shares during the period. Park Avenue Securities LLC increased its stake in Exxon Mobil by 18.7% in the third quarter. Park Avenue Securities LLC now owns 36,279 shares of the oil and gas company’s stock valued at $2,562,000 after acquiring an additional 5,706 shares during the period. Merriman Wealth Management LLC increased its stake in Exxon Mobil by 23.6% in the third quarter. Merriman Wealth Management LLC now owns 20,473 shares of the oil and gas company’s stock valued at $1,446,000 after acquiring an additional 3,910 shares during the period. Pinnacle Advisory Group Inc. increased its stake in Exxon Mobil by 16.7% in the third quarter. Pinnacle Advisory Group Inc. now owns 9,711 shares of the oil and gas company’s stock valued at $686,000 after acquiring an additional 1,387 shares during the period. Finally, Argus Investors Counsel Inc. increased its stake in Exxon Mobil by 5.2% in the third quarter. Argus Investors Counsel Inc. now owns 50,751 shares of the oil and gas company’s stock valued at $3,584,000 after acquiring an additional 2,500 shares during the period. 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 that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. UBS Group lowered their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Barclays assumed coverage on shares of Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 target price on the stock. Finally, Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $80.04.

Shares of Exxon Mobil stock opened at $67.61 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $288.31 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 2.12 and a beta of 0.99. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $83.75. The firm’s 50-day moving average price is $70.15 and its two-hundred day moving average price is $74.24.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 2.95 EPS for the current year.

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 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: Basic Economics

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

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