Stillwater Capital Advisors LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 95.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,041 shares of the oil and gas company’s stock after selling 92,469 shares during the quarter. Stillwater Capital Advisors LLC’s holdings in Exxon Mobil were worth $285,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of XOM. Nuveen Asset Management LLC increased its stake in Exxon Mobil by 5,514.1% during the second 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 acquiring an additional 22,268,191 shares during the last quarter. FMR LLC grew its stake in shares of Exxon Mobil by 6.8% in the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after buying an additional 3,038,704 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Exxon Mobil by 0.9% in the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after buying an additional 2,953,857 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Exxon Mobil by 7,471.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after buying an additional 1,748,402 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Exxon Mobil by 0.4% in the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after buying an additional 1,069,038 shares in the last quarter. 54.42% of the stock is owned by institutional investors.
XOM has been the subject of a number of research reports. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and dropped their price objective for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a research note on Friday, August 2nd. Barclays initiated coverage on Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective for the company. Berenberg Bank dropped their price objective on Exxon Mobil from $73.00 to $63.00 and set a “hold” rating for the company in a research note on Monday. Finally, Independent Research set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $80.52.
NYSE:XOM traded up $1.17 during midday trading on Friday, reaching $69.43. The company had a trading volume of 5,191,173 shares, compared to its average volume of 11,267,818. The firm has a market capitalization of $282.21 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 2.00 and a beta of 0.99. The stock’s fifty day simple moving average is $70.05 and its 200-day simple moving average is $74.71. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $84.17. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 3.04 EPS for the current year.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by insiders.
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.
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