HGK Asset Management Inc. bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 74,135 shares of the oil and gas company’s stock, valued at approximately $6,303,000. Exxon Mobil accounts for about 1.8% of HGK Asset Management Inc.’s portfolio, making the stock its 25th largest position.
Other large investors have also bought and sold shares of the company. Massey Quick Simon & CO. LLC lifted its stake in Exxon Mobil by 121.2% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 183 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at about $26,000. Asset Planning Services Ltd. lifted its stake in Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 496 shares in the last quarter. Marquette Asset Management LLC lifted its stake in Exxon Mobil by 35.0% in the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. Finally, Evolution Wealth Advisors LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 54.41% of the company’s stock.
A number of brokerages recently weighed in on XOM. Bank of America reaffirmed a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Friday, September 27th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. Berenberg Bank decreased their price target on shares of Exxon Mobil from $73.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday, October 7th. Independent Research set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $80.04.
XOM opened at $69.25 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The company’s 50 day simple moving average is $70.18 and its two-hundred day simple moving average is $73.79. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $83.75. The firm has a market capitalization of $292.33 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 2.66 earnings per share for the current fiscal year.
In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.05% of the stock is currently 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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