TRH Financial LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,920 shares of the oil and gas company’s stock, valued at approximately $1,119,000.
A number of other large investors also recently modified their holdings of XOM. Candriam Luxembourg S.C.A. increased its holdings in shares of Exxon Mobil by 48.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock worth $36,000 after buying an additional 164,241 shares in the last quarter. Marquette Asset Management LLC boosted its holdings in shares of Exxon Mobil by 35.0% during the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Arlington Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter worth $45,000. Quantum Capital Management bought a new stake in Exxon Mobil during the 3rd quarter worth $48,000. Finally, KCS Wealth Advisory bought a new stake in Exxon Mobil during the 3rd quarter worth $62,000. 54.50% of the stock is currently owned by institutional investors and hedge funds.
In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total value of $2,203,910.62. Following the completion of the sale, the vice president now directly owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total transaction of $668,338.65. 0.05% of the stock is owned by corporate insiders.
Shares of Exxon Mobil stock opened at $67.58 on Wednesday. The stock’s 50-day moving average is $69.51 and its 200 day moving average is $70.50. Exxon Mobil Co. has a one year low of $66.31 and a one year high of $83.49. The firm has a market cap of $290.08 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 2.42 EPS for the current fiscal year.
Several research firms have commented on XOM. Berenberg Bank reiterated a “neutral” rating and issued a $67.00 target price on shares of Exxon Mobil in a research report on Tuesday, January 14th. Citigroup cut their price target on Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. set a $76.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, January 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Thursday, January 9th. Finally, Piper Jaffray Companies started coverage on shares of Exxon Mobil in a report on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.82.
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.
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