Great Lakes Retirement Inc. Raises Stock Position in Exxon Mobil Corporation $XOM

Great Lakes Retirement Inc. raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,899 shares of the oil and gas company’s stock after buying an additional 689 shares during the period. Great Lakes Retirement Inc.’s holdings in Exxon Mobil were worth $1,606,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC increased its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Brucke Financial Inc. increased its stake in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Exxon Mobil by 3.9% during the 1st quarter. Golden State Wealth Management LLC now owns 9,659 shares of the oil and gas company’s stock worth $1,149,000 after purchasing an additional 360 shares in the last quarter. Smith Group Asset Management LLC increased its stake in shares of Exxon Mobil by 4.8% during the 1st quarter. Smith Group Asset Management LLC now owns 154,772 shares of the oil and gas company’s stock worth $18,407,000 after purchasing an additional 7,062 shares in the last quarter. Finally, RoundAngle Advisors LLC increased its stake in shares of Exxon Mobil by 3.0% during the 1st quarter. RoundAngle Advisors LLC now owns 13,600 shares of the oil and gas company’s stock worth $1,617,000 after purchasing an additional 392 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.2%

Shares of XOM opened at $114.52 on Friday. The firm has a market cap of $488.21 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The company’s fifty day moving average is $113.26 and its two-hundred day moving average is $109.94. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. Finally, Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.00.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.