Patten & Patten Inc. TN lowered its position in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,240 shares of the oil and gas company’s stock after selling 1,121 shares during the period. Patten & Patten Inc. TN’s holdings in Exxon Mobil were worth $6,227,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Nuveen Asset Management LLC grew its holdings in shares of Exxon Mobil by 5,514.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after acquiring an additional 22,268,191 shares during the period. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after acquiring an additional 2,953,857 shares during the period. California Public Employees Retirement System grew its holdings in shares of Exxon Mobil by 22.2% in the 3rd quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after acquiring an additional 1,902,091 shares during the period. BlackRock Inc. grew its holdings in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after acquiring an additional 1,069,038 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Exxon Mobil by 17.2% in the 3rd quarter. Fisher Asset Management LLC now owns 6,600,585 shares of the oil and gas company’s stock worth $466,067,000 after acquiring an additional 969,474 shares during the period. Institutional investors and hedge funds own 54.51% of the company’s stock.
In other Exxon Mobil news, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total transaction of $668,338.65. Also, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the transaction, the vice president now directly owns 211,289 shares in the company, valued at approximately $14,422,587.14. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.
A number of equities research analysts recently weighed in on XOM shares. Goldman Sachs Group lowered their price target on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Bank of America upgraded Exxon Mobil to a “buy” rating in a report on Tuesday, January 7th. Piper Jaffray Companies began coverage on Exxon Mobil in a report on Tuesday, November 26th. They set a “hold” rating and a $83.00 target price on the stock. JPMorgan Chase & Co. set a $76.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, January 6th. Finally, Jefferies Financial Group reiterated a “neutral” rating and set a $76.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and an average target price of $78.33.
Shares of NYSE:XOM opened at $69.80 on Tuesday. The business’s fifty day moving average price is $69.49 and its two-hundred day moving average price is $70.82. The stock has a market cap of $292.54 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. Exxon Mobil Co. has a one year low of $66.31 and a one year high of $83.49.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The company had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.
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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