WealthTrust Arizona LLC raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,613 shares of the oil and gas company’s stock after buying an additional 2 shares during the period. WealthTrust Arizona LLC’s holdings in Exxon Mobil Corporation were worth $296,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. purchased a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Empirical Finance LLC purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $172,000. Cordasco Financial Network increased its position in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the period. Finally, Colorado Capital Management Inc. purchased a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $235,000. Institutional investors and hedge funds own 50.95% of the company’s stock.
Exxon Mobil Corporation (XOM) opened at 80.22 on Monday. The firm has a 50-day moving average of $81.74 and a 200-day moving average of $83.51. The firm has a market capitalization of $339.91 billion, a price-to-earnings ratio of 33.47 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $79.26 and a 52-week high of $95.55.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $63.29 billion for the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities research analysts forecast that Exxon Mobil Corporation will post $3.80 EPS for the current fiscal year.
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Several brokerages recently commented on XOM. Argus reiterated a “focus list” rating and issued a $104.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 target price on the stock in a report on Monday. Simmons lifted their target price on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, April 19th. Finally, Hilliard Lyons began coverage on shares of Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $87.83.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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