Financial Management Professionals Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 7.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,008 shares of the oil and gas company’s stock after acquiring an additional 2,092 shares during the period. Exxon Mobil comprises approximately 0.8% of Financial Management Professionals Inc.’s holdings, making the stock its 22nd biggest holding. Financial Management Professionals Inc.’s holdings in Exxon Mobil were worth $2,189,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC boosted its holdings in shares of 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 purchasing an additional 183 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $26,000. Asset Planning Services Ltd. boosted its holdings in shares of 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 purchasing an additional 496 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $45,000. Finally, PARK CIRCLE Co boosted its holdings in shares of Exxon Mobil by 100.0% in the 2nd quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 400 shares during the last quarter. 54.42% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction 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 transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
NYSE:XOM opened at $68.98 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $282.21 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.00 and a beta of 0.99. The firm’s fifty day simple moving average is $70.04 and its 200 day simple moving average is $74.66. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $83.75.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. On average, analysts predict that Exxon Mobil Co. will post 3.04 earnings per share for the current year.
A number of equities analysts have weighed in on XOM shares. Bank of America reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Friday, September 27th. UBS Group decreased their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. 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 report 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 report on Thursday, August 29th. Finally, Morgan Stanley decreased their price target on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company. Exxon Mobil has an average rating of “Hold” and an average target price of $80.52.
About Exxon Mobil
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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