Viking Fund Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 155,000 shares of the oil and gas company’s stock after acquiring an additional 4,000 shares during the period. Exxon Mobil accounts for about 3.0% of Viking Fund Management LLC’s holdings, making the stock its 2nd biggest position. Viking Fund Management LLC’s holdings in Exxon Mobil were worth $10,816,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of XOM. BlackRock Inc. raised its stake in Exxon Mobil by 0.4% during the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after purchasing an additional 1,069,038 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Exxon Mobil by 5,514.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after buying an additional 22,268,191 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Exxon Mobil by 22.2% during the 3rd quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after buying an additional 1,902,091 shares during the last quarter. Eaton Vance Management raised its position in shares of Exxon Mobil by 0.4% in the 2nd quarter. Eaton Vance Management now owns 8,034,970 shares of the oil and gas company’s stock worth $615,684,000 after buying an additional 28,217 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Exxon Mobil by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 7,678,548 shares of the oil and gas company’s stock worth $542,182,000 after buying an additional 93,918 shares during the period. Institutional investors own 54.51% of the company’s stock.
NYSE XOM opened at $69.09 on Thursday. The stock has a market cap of $292.79 billion, a P/E ratio of 14.01, a PEG ratio of 2.20 and a beta of 1.00. The company’s fifty day simple moving average is $69.50 and its 200-day simple moving average is $70.74. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $66.31 and a 52 week high of $83.49.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The firm had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 2.42 EPS for the current fiscal year.
A number of equities research analysts have issued reports on XOM shares. Berenberg Bank reissued a “neutral” rating and set a $67.00 price target on shares of Exxon Mobil in a research report on Tuesday. Bank of America upgraded Exxon Mobil to a “buy” rating in a report on Tuesday, January 7th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Royal Bank of Canada reiterated a “hold” rating and set a $75.00 target price on shares of Exxon Mobil in a report on Monday, January 6th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $70.00 price target on shares of Exxon Mobil in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have assigned a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $78.05.
In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the transaction, the vice president now directly owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. Corporate insiders own 0.05% 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 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.
Further Reading: Price to Earnings Ratio (PE) Basics
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