First Manhattan Co. Increases Stake in Exxon Mobil Co. (NYSE:XOM)

First Manhattan Co. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,023 shares of the oil and gas company’s stock after purchasing an additional 13,866 shares during the period. First Manhattan Co.’s holdings in Exxon Mobil were worth $37,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Asset Management Advisors LLC lifted its holdings in Exxon Mobil by 0.3% during the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after buying an additional 7 shares during the period. Horizon Investment Services LLC lifted its holdings in Exxon Mobil by 0.4% during the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the period. Jag Capital Management LLC lifted its holdings in Exxon Mobil by 0.5% during the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after buying an additional 26 shares during the period. C M Bidwell & Associates Ltd. lifted its holdings in Exxon Mobil by 1.3% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock worth $196,000 after buying an additional 30 shares during the period. Finally, Lehman Financial Resources Inc. lifted its holdings in Exxon Mobil by 0.5% during the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock worth $579,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 51.05% of the company’s stock.

In other news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,357 shares of company stock worth $4,273,910. Corporate insiders own 0.08% of the company’s stock.

Exxon Mobil Co. (NYSE:XOM) opened at $87.52 on Friday. 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 Co. has a 12 month low of $76.05 and a 12 month high of $87.99. The firm has a market cap of $370,830.00, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same period last year, the company posted $0.63 EPS. sell-side analysts predict that Exxon Mobil Co. will post 3.68 earnings per share for the current fiscal year.

Several brokerages have recently commented on XOM. Howard Weil upgraded Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Vetr upgraded Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price objective for the company in a report on Thursday, December 7th. Goldman Sachs Group set a $86.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, October 30th. UBS Group set a $83.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, December 4th. Finally, Royal Bank of Canada reduced their target price on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating for the company in a research note on Thursday, November 16th. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.54.

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Exxon Mobil 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.

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

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