Park National Corp OH lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 407,330 shares of the oil and gas company’s stock after selling 9,314 shares during the quarter. Exxon Mobil makes up approximately 1.7% of Park National Corp OH’s holdings, making the stock its 15th biggest holding. Park National Corp OH’s holdings in Exxon Mobil were worth $31,213,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Massey Quick Simon & CO. LLC grew its position in shares of Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 469 shares during the last quarter. INR Advisory Services LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $43,000. Interactive Financial Advisors bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $65,000. Thor Advisors LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $69,000. Finally, Cerebellum GP LLC grew its position in shares of Exxon Mobil by 3,424.1% during the 4th quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 993 shares during the last quarter. Institutional investors and hedge funds own 54.54% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Credit Suisse Group reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Royal Bank of Canada reissued a “buy” rating and set a $2.50 target price on shares of in a research report on Thursday, July 18th. Goldman Sachs Group reissued a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. Berenberg Bank set a €23.50 ($27.33) target price on shares of Rhoen Klinikum and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Co increased their target price on shares of Exxon Mobil from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $83.86.
In related news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the sale, the vice president now owns 219,423 shares in the company, valued at approximately $16,750,751.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company’s stock.
NYSE:XOM traded up $0.30 during mid-day trading on Tuesday, reaching $75.37. The stock had a trading volume of 7,338,315 shares, compared to its average volume of 11,498,233. The company has a 50 day moving average price of $75.72. The company has a market capitalization of $317.29 billion, a PE ratio of 15.29, a P/E/G ratio of 1.88 and a beta of 0.97. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). The firm had revenue of $63.63 billion during the quarter, compared to the consensus estimate of $67.35 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 3.65 earnings per share for the current year.
Exxon Mobil Company 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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