Oakbrook Investments LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 27.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,360 shares of the oil and gas company’s stock after selling 22,966 shares during the quarter. Oakbrook Investments LLC’s holdings in Exxon Mobil were worth $4,191,000 at the end of the most recent quarter.
Other hedge funds and 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% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 183 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Exxon Mobil during the second quarter worth about $26,000. Asset Planning Services Ltd. grew its holdings in shares of Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of Exxon Mobil during the second quarter worth about $45,000. Finally, PARK CIRCLE Co grew its holdings in shares of Exxon Mobil by 100.0% during the second quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 400 shares in the last quarter. 54.43% of the stock is owned by institutional investors.
Several analysts have issued reports on XOM shares. Bank of America reaffirmed a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Friday, September 27th. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Berenberg Bank cut 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. 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. Finally, BMO Capital Markets started coverage on 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. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and an average price target of $80.04.
NYSE:XOM opened at $67.61 on Friday. The firm has a market cap of $288.31 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $83.75. 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 business has a 50 day moving average price of $70.15 and a 200-day moving average price of $74.24.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Research analysts predict that Exxon Mobil Co. will post 2.66 EPS 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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