Retirement Income Solutions Inc cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.8% during the 2nd quarter, Holdings Channel reports. The firm owned 6,114 shares of the oil and gas company’s stock after selling 1,325 shares during the period. Retirement Income Solutions Inc’s holdings in Exxon Mobil were worth $506,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Grassi Investment Management boosted its position in Exxon Mobil by 0.6% during the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after acquiring an additional 600 shares in the last quarter. Outfitter Advisors LTD. boosted its position in Exxon Mobil by 1.4% during the 2nd quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock valued at $3,939,000 after acquiring an additional 650 shares in the last quarter. X Square Capital LLC boosted its position in Exxon Mobil by 16.8% during the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock valued at $339,000 after acquiring an additional 653 shares in the last quarter. We Are One Seven LLC boosted its position in Exxon Mobil by 3.8% during the 1st quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock valued at $1,372,000 after acquiring an additional 671 shares in the last quarter. Finally, Lakeview Capital Partners LLC boosted its position in Exxon Mobil by 3.5% during the 1st quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock valued at $1,499,000 after acquiring an additional 677 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.
In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by insiders.
Several analysts have weighed in on the company. HSBC reaffirmed a “buy” rating and set a $93.50 price objective on shares of Exxon Mobil in a research report on Monday, July 16th. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, August 6th. Credit Suisse Group reiterated a “neutral” rating and set a $80.00 target price on shares of Exxon Mobil in a report on Tuesday, October 2nd. Macquarie reiterated a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a report on Thursday, August 30th. Finally, Jefferies Financial Group set a $87.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, September 14th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.08.
Shares of NYSE XOM opened at $81.97 on Friday. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a market capitalization of $346.84 billion, a P/E ratio of 22.83, a PEG ratio of 1.35 and a beta of 0.87. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Exxon Mobil’s revenue was up 26.6% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 4.57 earnings per share for the current fiscal year.
About Exxon Mobil
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.
Recommended Story: What is a Tariff?
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.