SignalPoint Asset Management LLC Sells 7,283 Shares of Exxon Mobil Co. (XOM)

SignalPoint Asset Management LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 23.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,469 shares of the oil and gas company’s stock after selling 7,283 shares during the period. Exxon Mobil accounts for 1.0% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. SignalPoint Asset Management LLC’s holdings in Exxon Mobil were worth $1,923,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. CWH Capital Management Inc. purchased a new position in Exxon Mobil during the second quarter worth $114,000. Horan Securities Inc. increased its position in Exxon Mobil by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares in the last quarter. Acrospire Investment Management LLC increased its position in Exxon Mobil by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after buying an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Exxon Mobil by 2.7% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after buying an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management acquired a new stake in shares of Exxon Mobil during the third quarter worth $172,000. 51.06% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on XOM shares. 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 report on Thursday, November 16th. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, January 16th. Jefferies Group set a $90.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, January 8th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.71.

In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the transaction, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the business’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 transaction, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 in the last quarter. 0.08% of the stock is owned by insiders.

Exxon Mobil Co. (NYSE XOM) opened at $87.15 on Friday. Exxon Mobil Co. has a fifty-two week low of $76.05 and a fifty-two week high of $88.21. The firm has a market capitalization of $369,260.00, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $63.51 billion. During the same quarter last year, the firm earned $0.63 earnings per share. equities analysts forecast that Exxon Mobil Co. will post 3.68 EPS for the current fiscal year.

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About Exxon Mobil

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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