Measured Wealth Private Client Group LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 22.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,451 shares of the oil and gas company’s stock after selling 3,645 shares during the quarter. Exxon Mobil makes up 0.6% of Measured Wealth Private Client Group LLC’s holdings, making the stock its 29th biggest holding. Measured Wealth Private Client Group LLC’s holdings in Exxon Mobil were worth $879,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Semmax Financial Advisors Inc. bought a new position in shares of Exxon Mobil during the fourth quarter worth about $1,293,000. Nomura Holdings Inc. raised its position in shares of Exxon Mobil by 224.9% during the fourth quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock worth $31,259,000 after acquiring an additional 809,199 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in shares of Exxon Mobil by 22.6% during the fourth quarter. Foresters Investment Management Company Inc. now owns 572,071 shares of the oil and gas company’s stock worth $39,010,000 after acquiring an additional 105,550 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Exxon Mobil by 259.5% during the fourth quarter. Cohen & Steers Inc. now owns 149,531 shares of the oil and gas company’s stock worth $10,197,000 after acquiring an additional 107,936 shares during the last quarter. Finally, ERTS Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $332,000. 54.42% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil stock traded up $1.09 during mid-day trading on Friday, reaching $69.34. The stock had a trading volume of 205,156 shares, compared to its average volume of 11,267,818. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $84.17. The stock’s 50-day simple moving average is $70.05 and its 200-day simple moving average is $74.71. The firm has a market capitalization of $282.21 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 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 analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 3.04 earnings per share for the current fiscal year.
In related news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by insiders.
A number of brokerages have recently issued reports on XOM. Royal Bank of Canada restated a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research report on Friday, August 2nd. BMO Capital Markets began coverage on Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price objective for the company. UBS Group lowered their target price on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Morgan Stanley lowered their target price on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Three equities research 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. The company currently has a consensus rating of “Hold” and an average target price of $80.52.
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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