Rikoon Group LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,742 shares of the oil and gas company’s stock after selling 1,106 shares during the quarter. Exxon Mobil makes up approximately 1.3% of Rikoon Group LLC’s portfolio, making the stock its 18th largest position. Rikoon Group LLC’s holdings in Exxon Mobil were worth $3,750,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. TRH Financial LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $1,119,000. Barry Investment Advisors LLC raised its stake in Exxon Mobil by 10.0% in the fourth quarter. Barry Investment Advisors LLC now owns 4,077 shares of the oil and gas company’s stock worth $285,000 after buying an additional 369 shares in the last quarter. Vision Capital Management Inc. lifted its position in Exxon Mobil by 11.3% during the fourth quarter. Vision Capital Management Inc. now owns 3,553 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 360 shares during the period. Aurora Investment Managers LLC. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $237,000. Finally, Strategic Wealth Management Group LLC raised its position in shares of Exxon Mobil by 2.8% in the 4th quarter. Strategic Wealth Management Group LLC now owns 15,255 shares of the oil and gas company’s stock worth $1,065,000 after purchasing an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 54.50% of the company’s stock.
Shares of XOM stock opened at $67.58 on Wednesday. Exxon Mobil Co. has a 52-week low of $66.31 and a 52-week high of $83.49. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $69.51 and its 200 day moving average price is $70.50. The stock has a market capitalization of $290.08 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The company had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same quarter last year, the business posted $0.82 earnings per share. Exxon Mobil’s revenue was down 15.1% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on XOM shares. Credit Suisse Group restated a “neutral” rating and set a $70.00 price objective on shares of Exxon Mobil in a research report on Thursday, January 9th. Jefferies Financial Group reiterated a “neutral” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. JPMorgan Chase & Co. set a $76.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 6th. Bank of America upgraded shares of Exxon Mobil to a “buy” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut 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. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $77.82.
In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the completion of the transaction, the vice president now owns 211,289 shares in the company, valued at approximately $14,422,587.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total transaction of $668,338.65. Insiders own 0.05% of the company’s stock.
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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