Ramsay Stattman Vela & Price Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,260 shares of the oil and gas company’s stock after acquiring an additional 1,481 shares during the quarter. Exxon Mobil comprises approximately 2.1% of Ramsay Stattman Vela & Price Inc.’s portfolio, making the stock its 28th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Exxon Mobil were worth $4,940,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. CWH Capital Management Inc. purchased a new position in shares of Exxon Mobil in the second quarter valued at $114,000. Horan Securities Inc. increased its position in shares of Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Exxon Mobil by 2.7% in the second 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 buying an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management purchased a new position in shares of Exxon Mobil in the third quarter valued at $172,000. Hedge funds and other institutional investors own 51.06% of the company’s stock.
Shares of Exxon Mobil Co. (XOM) opened at $86.97 on Wednesday. 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 52 week low of $76.05 and a 52 week high of $87.99. The stock has a market capitalization of $368,500.00, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.37 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same period last year, the company earned $0.63 EPS. equities analysts predict that Exxon Mobil Co. will post 3.68 earnings per share for the current year.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the sale, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by corporate insiders.
XOM has been the subject of a number of research analyst reports. Cowen restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Royal Bank of Canada decreased their price objective on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 16th. Vetr raised Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 8th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $86.78.
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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.
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