Exxon Mobil Corporation $XOM Stock Holdings Lifted by Syverson Strege & Co

Syverson Strege & Co grew its position in Exxon Mobil Corporation (NYSE:XOM) by 245.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,756 shares of the oil and gas company’s stock after purchasing an additional 11,903 shares during the period. Exxon Mobil comprises about 0.4% of Syverson Strege & Co’s holdings, making the stock its 29th largest position. Syverson Strege & Co’s holdings in Exxon Mobil were worth $1,806,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Axis Wealth Partners LLC lifted its stake in Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after acquiring an additional 90 shares during the last quarter. Park Edge Advisors LLC raised its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its stake in shares of Exxon Mobil by 3.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 91 shares during the last quarter. Chapin Davis Inc. boosted its holdings in Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. increased its position in Exxon Mobil by 2.1% during the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock worth $476,000 after buying an additional 93 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Mizuho lowered their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.52 on Friday. The business has a 50 day moving average price of $113.26 and a 200 day moving average price of $109.99. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a market cap of $488.21 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.