Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.2% in the third quarter, HoldingsChannel reports. The firm owned 31,008 shares of the oil and gas company’s stock after acquiring an additional 2,092 shares during the period. Exxon Mobil makes up 0.8% of Financial Management Professionals Inc.’s investment portfolio, making the stock its 22nd largest position. Financial Management Professionals Inc.’s holdings in Exxon Mobil were worth $2,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of XOM. Nuveen Asset Management LLC boosted its stake in Exxon Mobil by 5,514.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after purchasing an additional 22,268,191 shares during the period. FMR LLC boosted its stake in Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after purchasing an additional 3,038,704 shares during the period. Vanguard Group Inc. boosted its stake in Exxon Mobil by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after purchasing an additional 2,953,857 shares during the period. Thoroughbred Financial Services LLC boosted its stake in Exxon Mobil by 7,471.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after purchasing an additional 1,748,402 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after acquiring an additional 1,069,038 shares during the period. 54.42% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.

XOM has been the subject of a number of research analyst reports. Bank of America reaffirmed a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Friday, September 27th. Independent Research set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. UBS Group reduced 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 note on Friday, August 23rd. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $70.00 in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.52.

XOM stock opened at $68.98 on Friday. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $83.75. The firm has a market cap of $282.21 billion, a PE ratio of 13.99, a P/E/G ratio of 2.00 and a beta of 0.99. The firm has a 50 day simple moving average of $70.04 and a 200 day simple moving average of $74.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $64.47 billion. During the same period in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 3.04 earnings per share for the current 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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