Bremer Trust National Association increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 14.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,846 shares of the oil and gas company’s stock after purchasing an additional 4,158 shares during the quarter. Exxon Mobil makes up 0.8% of Bremer Trust National Association’s portfolio, making the stock its 28th biggest holding. Bremer Trust National Association’s holdings in Exxon Mobil were worth $2,774,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in XOM. CWH Capital Management Inc. purchased a new position in Exxon Mobil during the 2nd quarter valued at approximately $114,000. Horan Securities Inc. lifted its stake in shares of 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 valued at $122,000 after purchasing an additional 260 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in shares of 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 valued at $140,000 after purchasing an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of 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 valued at $153,000 after purchasing an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $172,000. Hedge funds and other institutional investors own 51.05% of the company’s stock.
In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is currently owned by insiders.
Shares of Exxon Mobil Co. (NYSE:XOM) opened at $86.93 on Friday. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $87.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a market capitalization of $368,330.00, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. equities analysts forecast that Exxon Mobil Co. will post 3.66 earnings per share for the current year.
Several equities research analysts have recently issued reports on XOM shares. TheStreet raised Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays set a $91.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday, October 10th. Cowen reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research note on Tuesday, September 19th. Societe Generale set a $95.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Thursday, October 26th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $86.54.
About Exxon Mobil
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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