E&G Advisors LP increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,425 shares of the oil and gas company’s stock after buying an additional 815 shares during the quarter. E&G Advisors LP’s holdings in Exxon Mobil were worth $1,160,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Canandaigua National Bank & Trust Co. boosted its holdings in Exxon Mobil by 1.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after purchasing an additional 3,357 shares during the last quarter. Krueger & Catalano Capital Partners LLC boosted its holdings in Exxon Mobil by 61.2% in the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after purchasing an additional 4,525 shares during the last quarter. Chesley Taft & Associates LLC boosted its holdings in Exxon Mobil by 0.8% in the second quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after purchasing an additional 1,440 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its holdings in Exxon Mobil by 83.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after purchasing an additional 6,103 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its holdings in Exxon Mobil by 2.0% in the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after purchasing an additional 4,922 shares during the last quarter. 54.42% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 3.04 earnings per share for the current year.
XOM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. BMO Capital Markets initiated coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target on the stock. Morgan Stanley lowered their price target on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, October 4th. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price target for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a report on Sunday, August 4th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $80.52.
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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