Beck Mack & Oliver LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,736 shares of the oil and gas company’s stock after selling 3,516 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Exxon Mobil were worth $24,326,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in XOM. Vanguard Group Inc. boosted its stake in Exxon Mobil by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Exxon Mobil by 136,463.4% in the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Exxon Mobil by 8,029.5% in the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock valued at $46,349,000 after buying an additional 3,695,728 shares in the last quarter. APG Asset Management N.V. boosted its stake in Exxon Mobil by 22.6% in the third quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock valued at $1,132,860,000 after buying an additional 2,546,570 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Exxon Mobil by 365.5% in the second quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock valued at $214,591,000 after buying an additional 2,087,165 shares in the last quarter. 51.05% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on XOM shares. Cowen reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research note on Tuesday, September 19th. Royal Bank of Canada dropped their target price on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating for the company in a research report on Thursday, November 16th. BNP Paribas set a $75.00 target price on Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 8th. Finally, Vetr downgraded Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 target price for the company. in a research report on Thursday, September 28th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.54.
Exxon Mobil Co. (XOM) opened at $87.52 on Friday. Exxon Mobil Co. has a 1 year low of $76.05 and a 1 year high of $87.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a market capitalization of $370,830.00, a PE ratio of 28.51, a PEG ratio of 1.42 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same period last year, the company earned $0.63 earnings per share. research analysts predict that Exxon Mobil Co. will post 3.66 EPS for the current fiscal year.
In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the sale, the vice president now directly owns 187,663 shares in the company, valued at $15,750,555.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock valued at $4,273,910 over the last 90 days. 0.08% of the stock is owned by corporate insiders.
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Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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