Northpointe Capital LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 31.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 82,948 shares of the oil and gas company’s stock after selling 38,085 shares during the period. Exxon Mobil comprises approximately 0.9% of Northpointe Capital LLC’s portfolio, making the stock its 29th largest position. Northpointe Capital LLC’s holdings in Exxon Mobil were worth $6,862,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in XOM. Macroview Investment Management LLC acquired a new position in Exxon Mobil in the 1st quarter worth $102,000. Corbyn Investment Management Inc. MD acquired a new position in Exxon Mobil in the 1st quarter worth $110,000. KHP Capital LLC acquired a new position in Exxon Mobil in the 1st quarter worth $111,000. Clearwater Capital Advisors LLC acquired a new position in Exxon Mobil in the 1st quarter worth $122,000. Finally, Winfield Associates Inc. acquired a new position in Exxon Mobil in the 2nd quarter worth $160,000. 52.48% of the stock is owned by institutional investors.
Shares of NYSE:XOM opened at $81.50 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The stock has a market cap of $360.27 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.
A number of brokerages recently weighed in on XOM. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 8th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a research note on Friday, September 28th. HSBC set a $96.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday. BNP Paribas set a $85.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 10th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $87.08.
In other news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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