Newman Dignan & Sheerar Inc. Purchases 2,366 Shares of Exxon Mobil Co. (NYSE:XOM)

Newman Dignan & Sheerar Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,251 shares of the oil and gas company’s stock after buying an additional 2,366 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Exxon Mobil were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Advisory Service Inc. raised its stake in shares of Exxon Mobil by 15.0% in the third quarter. Financial Advisory Service Inc. now owns 26,388 shares of the oil and gas company’s stock worth $1,863,000 after acquiring an additional 3,439 shares during the last quarter. Independence Bank of Kentucky raised its position in Exxon Mobil by 8.8% in the 3rd quarter. Independence Bank of Kentucky now owns 29,227 shares of the oil and gas company’s stock worth $2,064,000 after purchasing an additional 2,368 shares during the last quarter. Arbor Investment Advisors LLC raised its position in Exxon Mobil by 130.7% in the 3rd quarter. Arbor Investment Advisors LLC now owns 9,344 shares of the oil and gas company’s stock worth $660,000 after purchasing an additional 5,294 shares during the last quarter. JGP Wealth Management LLC raised its position in Exxon Mobil by 1.9% in the 3rd quarter. JGP Wealth Management LLC now owns 70,795 shares of the oil and gas company’s stock worth $4,754,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Mizuho Securities USA LLC acquired a new position in Exxon Mobil during the 3rd quarter worth $3,693,000. 54.51% of the stock is owned by institutional investors.

In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total value of $2,203,910.62. Following the sale, the vice president now directly owns 211,289 shares in the company, valued at $14,422,587.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of Exxon Mobil stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total transaction of $668,338.65. 0.05% of the stock is owned by company insiders.

XOM has been the subject of several research reports. Piper Jaffray Companies started coverage on Exxon Mobil in a research note on Tuesday, November 26th. They issued a “hold” rating and a $83.00 target price for the company. Bank of America raised Exxon Mobil to a “buy” rating in a research note on Tuesday, January 7th. Credit Suisse Group reiterated a “neutral” rating and issued a $70.00 price target on shares of Exxon Mobil in a report on Thursday, January 9th. Goldman Sachs Group decreased their price target on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Citigroup lowered their price objective on Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $78.05.

NYSE XOM opened at $69.09 on Thursday. Exxon Mobil Co. has a 12 month low of $66.31 and a 12 month high of $83.49. The stock has a 50-day simple moving average of $69.50 and a 200 day simple moving average of $70.74. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $292.79 billion, a PE ratio of 14.01, a P/E/G ratio of 2.20 and a beta of 1.00.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.

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.

Featured Article: Initial Coin Offering (ICO)

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.