Bartlett & Co. LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,515 shares of the oil and gas company’s stock after selling 6,528 shares during the quarter. Exxon Mobil accounts for approximately 2.0% of Bartlett & Co. LLC’s investment portfolio, making the stock its 11th largest position. Bartlett & Co. LLC’s holdings in Exxon Mobil were worth $47,427,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in XOM. CWH Capital Management Inc. purchased a new stake in Exxon Mobil in the 2nd quarter worth about $114,000. Horan Securities Inc. lifted its stake in Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 260 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 50 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Exxon Mobil in the 2nd quarter worth about $175,000. 51.05% of the stock is owned by institutional investors and hedge funds.
XOM has been the topic of several research reports. Vetr lowered Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research report on Friday, October 6th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Morgan Stanley reissued an “underperform” rating on shares of Exxon Mobil in a report on Thursday, October 19th. Barclays reissued an “overweight” rating and set a $94.00 price objective (up previously from $91.00) on shares of Exxon Mobil in a report on Friday, October 13th. Finally, BNP Paribas set a $70.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Monday, September 25th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $86.54.
In other news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at $18,341,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,357 shares of company stock valued at $4,273,910. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Co. (NYSE:XOM) opened at $87.52 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $370,830.00, a P/E ratio of 28.51, a P/E/G ratio of 1.42 and a beta of 0.82. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $87.99.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter last year, the company earned $0.63 EPS. analysts forecast that Exxon Mobil Co. will post 3.66 earnings per share for the current fiscal year.
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Exxon Mobil 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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