Signature Wealth Management Group Increases Position in Exxon Mobil Co. (NYSE:XOM)

Signature Wealth Management Group increased its stake in Exxon Mobil Co. (NYSE:XOM) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,811 shares of the oil and gas company’s stock after acquiring an additional 593 shares during the period. Signature Wealth Management Group’s holdings in Exxon Mobil were worth $2,918,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kahn Brothers Group Inc. DE raised its stake in shares of Exxon Mobil by 0.8% during the third quarter. Kahn Brothers Group Inc. DE now owns 19,120 shares of the oil and gas company’s stock valued at $1,350,000 after acquiring an additional 146 shares during the last quarter. Marquette Asset Management LLC increased its position in shares of Exxon Mobil by 35.0% during the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 150 shares during the period. Atlas Capital Advisors LLC increased its position in shares of Exxon Mobil by 17.5% during the third quarter. Atlas Capital Advisors LLC now owns 1,006 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 150 shares during the period. Unison Advisors LLC increased its position in shares of Exxon Mobil by 1.2% during the fourth quarter. Unison Advisors LLC now owns 12,496 shares of the oil and gas company’s stock valued at $872,000 after buying an additional 154 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. increased its position in shares of Exxon Mobil by 3.4% during the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 4,869 shares of the oil and gas company’s stock valued at $344,000 after buying an additional 158 shares during the period. Institutional investors own 54.51% of the company’s stock.

In other news, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the sale, the vice president now owns 211,289 shares in the company, valued at $14,422,587.14. The transaction was disclosed in a filing with the SEC, which is available at this link. 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. Corporate insiders own 0.05% of the company’s stock.

Shares of XOM opened at $69.09 on Thursday. The stock has a market cap of $292.54 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. Exxon Mobil Co. has a fifty-two week low of $66.31 and a fifty-two week high of $83.49. The firm’s 50-day simple moving average is $69.50 and its two-hundred day simple moving average is $70.74.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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 net margin of 5.43% and a return on equity of 7.45%. The business had revenue of $65.05 billion for the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The business’s revenue was down 15.1% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 2.42 EPS for the current year.

XOM has been the topic of several research analyst reports. Credit Suisse Group reiterated a “neutral” rating and set a $70.00 price target on shares of Exxon Mobil in a research report on Thursday, January 9th. Berenberg Bank reiterated a “neutral” rating and set a $67.00 price target on shares of Exxon Mobil in a research report on Tuesday. Piper Jaffray Companies initiated coverage on shares of Exxon Mobil in a research report on Tuesday, November 26th. They set a “hold” rating and a $83.00 price target on the stock. Goldman Sachs Group reduced their price target on shares of Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, Bank of America upgraded shares of Exxon Mobil to a “buy” rating in a research report on Tuesday, January 7th. 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 stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.05.

About Exxon Mobil

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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