Landsberg Bennett & Dubbaneh LLC Acquires 832 Shares of Exxon Mobil Co. (NYSE:XOM)

Landsberg Bennett & Dubbaneh LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 48,172 shares of the oil and gas company’s stock after acquiring an additional 832 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Exxon Mobil were worth $3,443,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Massey Quick Simon & CO. LLC grew its holdings in shares of Exxon Mobil by 121.2% in the 2nd 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 during the period. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $26,000. Asset Planning Services Ltd. grew its holdings in shares of Exxon Mobil by 1,984.0% in the 2nd 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 during the period. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $45,000. Finally, PARK CIRCLE Co grew its holdings in shares of Exxon Mobil by 100.0% in the 2nd 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 during the period. Institutional investors own 54.42% of the company’s stock.

Shares of XOM stock opened at $68.98 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The firm’s 50-day moving average is $70.04 and its 200-day moving average is $74.66. The stock has a market cap of $291.86 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.00 and a beta of 0.99. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion for 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%. Exxon Mobil’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 3.04 EPS for the current fiscal year.

A number of brokerages recently weighed in on XOM. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a research note on Friday, August 2nd. BMO Capital Markets began coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Berenberg Bank reduced their target price on shares of 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 shares of 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. Finally, Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.52.

In other 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 value of $661,999.80. Following the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Exxon Mobil Company 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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