Korea Investment CORP lessened its position in Exxon Mobil Co. (NYSE:XOM) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,703,098 shares of the oil and gas company’s stock after selling 65,025 shares during the period. Exxon Mobil accounts for about 1.0% of Korea Investment CORP’s portfolio, making the stock its 12th biggest holding. Korea Investment CORP owned about 0.06% of Exxon Mobil worth $221,600,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $114,000. Horan Securities Inc. boosted its position in shares of Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $172,000. 51.05% of the stock is owned by institutional investors and hedge funds.
Shares of Exxon Mobil Co. (XOM) opened at $86.08 on Thursday. The company has a market capitalization of $364,730.00, a P/E ratio of 28.04, a PEG ratio of 1.42 and a beta of 0.82. Exxon Mobil Co. has a 52 week low of $76.05 and a 52 week high of $87.41. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the business posted $0.63 earnings per share. equities research analysts predict that Exxon Mobil Co. will post 3.66 EPS for the current year.
In related news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,357 shares of company stock valued at $4,273,910. Company insiders own 0.08% of the company’s stock.
Several equities research analysts recently commented on the company. BMO Capital Markets restated a “hold” rating and set a $85.00 target price on shares of Exxon Mobil in a research report on Wednesday. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday. Vetr lowered Exxon Mobil from a “buy” rating to a “hold” rating and set a $86.54 price target on the stock. in a report on Tuesday, January 2nd. Howard Weil upgraded Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Finally, Jefferies Group set a $85.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Wednesday, December 20th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $86.38.
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Exxon Mobil 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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