Syverson Strege & Co Purchases 11,903 Shares of Exxon Mobil Corporation $XOM

Syverson Strege & Co grew its position in Exxon Mobil Corporation (NYSE:XOM) by 245.3% in the second quarter, Holdings Channel.com reports. The fund owned 16,756 shares of the oil and gas company’s stock after buying an additional 11,903 shares during the period. Exxon Mobil makes up 0.4% of Syverson Strege & Co’s investment portfolio, making the stock its 29th largest holding. Syverson Strege & Co’s holdings in Exxon Mobil were worth $1,806,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XOM. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $38,000. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XOM shares. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Barclays dropped their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Finally, Bank of America increased their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Exxon Mobil Trading Down 0.2%

XOM stock opened at $114.52 on Friday. The business has a fifty day moving average price of $113.26 and a 200 day moving average price of $109.99. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The stock has a market capitalization of $488.21 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

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.