IRON Financial LLC Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

IRON Financial LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,190 shares of the oil and gas company’s stock after selling 473 shares during the quarter. IRON Financial LLC’s holdings in Exxon Mobil were worth $960,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its position in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA purchased a new position in Exxon Mobil during the second quarter worth approximately $980,210,000. International Assets Investment Management LLC grew its holdings in Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the period. Capital International Investors increased its position in shares of Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.5 %

Shares of Exxon Mobil stock opened at $114.98 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The firm has a market capitalization of $453.35 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.83 and a beta of 0.89. The stock has a 50 day moving average of $117.67 and a 200 day moving average of $116.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 8.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. UBS Group cut their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.37.

About Exxon Mobil

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.