Mountain Pacific Investment Advisers Inc. ID reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 45,356 shares of the oil and gas company’s stock after selling 1,320 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in Exxon Mobil were worth $3,165,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bernardo Wealth Planning LLC increased its holdings in shares of Exxon Mobil by 2.2% in the second quarter. Bernardo Wealth Planning LLC now owns 14,307 shares of the oil and gas company’s stock valued at $1,096,000 after purchasing an additional 307 shares during the period. BlackRock Inc. increased its holdings in Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after buying an additional 1,069,038 shares during the period. Victory Capital Management Inc. raised its position in Exxon Mobil by 6.0% during the 2nd quarter. Victory Capital Management Inc. now owns 387,958 shares of the oil and gas company’s stock worth $29,729,000 after buying an additional 21,869 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Exxon Mobil during the 2nd quarter worth approximately $213,000. Finally, Integrated Wealth Concepts LLC raised its position in Exxon Mobil by 42.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 26,240 shares of the oil and gas company’s stock worth $1,884,000 after buying an additional 7,838 shares during the last quarter. Institutional investors own 54.50% of the company’s stock.
XOM stock opened at $67.58 on Wednesday. Exxon Mobil Co. has a one year low of $66.31 and a one year high of $83.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. The firm’s fifty day moving average is $69.51 and its 200 day moving average is $70.50. The firm has a market cap of $290.08 billion, a PE ratio of 19.65, a P/E/G ratio of 2.19 and a beta of 1.00.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The business had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s revenue was down 15.1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.
Several analysts have recently commented on XOM shares. Citigroup dropped their price objective on shares of Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group reissued a “neutral” rating and set a $76.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Bank of America upgraded shares of Exxon Mobil to a “buy” rating in a research report on Tuesday, January 7th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Exxon Mobil in a report on Thursday, January 9th. Finally, Morgan Stanley cut their price target on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $77.82.
In related news, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were 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 Securities & Exchange Commission, which is available at this link. Also, VP David S. Rosenthal sold 9,615 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total value of $668,338.65. 0.05% of the stock is owned by insiders.
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 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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