Douglas Lane & Associates LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,024 shares of the oil and gas company’s stock after selling 562 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Exxon Mobil were worth $3,250,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC increased its stake in shares of Exxon Mobil by 121.2% in the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 183 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $26,000. Asset Planning Services Ltd. increased its stake in shares of Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 496 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $45,000. Finally, PARK CIRCLE Co increased its stake in shares of Exxon Mobil by 100.0% in the second quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 54.43% of the company’s stock.
Exxon Mobil stock opened at $68.23 on Thursday. The business’s 50-day simple moving average is $70.14 and its 200 day simple moving average is $74.37. The stock has a market cap of $292.71 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 2.09 and a beta of 0.99. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $83.75. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter last year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 3.02 EPS for the current year.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.05% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on XOM shares. Berenberg Bank lowered their target price on Exxon Mobil from $73.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, October 7th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Barclays started coverage on Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 target price for the company. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.52.
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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