Carlton Hofferkamp & Jenks Wealth Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,870 shares of the oil and gas company’s stock after selling 529 shares during the period. Exxon Mobil makes up 4.8% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Exxon Mobil were worth $7,840,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new position in Exxon Mobil in the 4th quarter valued at approximately $1,293,000. Nomura Holdings Inc. lifted its stake in Exxon Mobil by 224.9% in the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after purchasing an additional 809,199 shares during the last quarter. Foresters Investment Management Company Inc. lifted its stake in Exxon Mobil by 22.6% in the 4th quarter. Foresters Investment Management Company Inc. now owns 572,071 shares of the oil and gas company’s stock valued at $39,010,000 after purchasing an additional 105,550 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Exxon Mobil by 259.5% in the 4th quarter. Cohen & Steers Inc. now owns 149,531 shares of the oil and gas company’s stock valued at $10,197,000 after purchasing an additional 107,936 shares during the last quarter. Finally, ERTS Wealth Advisors LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $332,000. 54.42% of the stock is owned by hedge funds and other institutional investors.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
Several brokerages have issued reports on XOM. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and decreased their price target for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Bank of America restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research report on Friday, September 27th. BMO Capital Markets began coverage on shares of Exxon Mobil in a research report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target for the company. Finally, UBS Group decreased their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.52.
Shares of XOM traded up $0.88 during trading hours on Friday, hitting $69.13. 380,249 shares of the stock were exchanged, compared to its average volume of 11,267,818. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $84.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The business has a 50-day moving average of $70.05 and a 200-day moving average of $74.71. The firm has a market capitalization of $282.21 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 3.04 earnings per share for the current fiscal year.
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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