Enterprise Trust & Investment Co reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,565 shares of the oil and gas company’s stock after selling 950 shares during the period. Enterprise Trust & Investment Co’s holdings in Exxon Mobil were worth $1,224,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 10.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 40,274,454 shares of the oil and gas company’s stock worth $1,382,622,000 after buying an additional 3,767,051 shares in the last quarter. MUFG Securities EMEA plc grew its stake in shares of Exxon Mobil by 2,239.7% in the third quarter. MUFG Securities EMEA plc now owns 917,065 shares of the oil and gas company’s stock worth $31,483,000 after acquiring an additional 877,870 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Exxon Mobil by 123.7% in the third quarter. Teacher Retirement System of Texas now owns 1,362,160 shares of the oil and gas company’s stock worth $46,763,000 after acquiring an additional 753,285 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Exxon Mobil by 26.1% during the third quarter. Pzena Investment Management LLC now owns 3,433,114 shares of the oil and gas company’s stock worth $117,859,000 after acquiring an additional 710,250 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Exxon Mobil by 9.2% in the second quarter. Principal Financial Group Inc. now owns 7,707,243 shares of the oil and gas company’s stock valued at $344,668,000 after acquiring an additional 649,907 shares in the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. BidaskClub upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, January 9th. JPMorgan Chase & Co. raised shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and raised their target price for the company from $50.00 to $56.00 in a report on Wednesday. Smith Barney Citigroup boosted their price target on shares of Exxon Mobil from $33.00 to $39.00 in a report on Wednesday, December 9th. Credit Suisse Group reduced their price objective on shares of Exxon Mobil from $47.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Exxon Mobil from $33.00 to $39.00 in a research note on Wednesday, December 9th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $48.96.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Wednesday, November 4th. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $48.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The company’s revenue for the quarter was down 29.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Analysts expect that Exxon Mobil Co. will post -0.52 EPS for the current 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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