Liberty Capital Management Inc. held its stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,409 shares of the oil and gas company’s stock at the close of the 2nd quarter. Liberty Capital Management Inc.’s holdings in Exxon Mobil Corporation were worth $275,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter worth about $102,000. Watermark Asset Management Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter worth about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 220 shares in the last quarter. Diversified Portfolios Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter worth about $224,000. Finally, Colorado Capital Management Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter worth about $235,000. 50.74% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.38% during trading on Thursday, hitting $82.29. 3,779,326 shares of the stock were exchanged. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.21. The stock’s 50 day moving average price is $79.66 and its 200 day moving average price is $80.75. The stock has a market cap of $348.67 billion, a PE ratio of 29.66 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post $3.44 EPS for the current year.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Several analysts have recently issued reports on XOM shares. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target on the stock. in a research report on Tuesday, July 4th. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, June 15th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Barclays PLC set a $94.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Monday, August 21st. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.82.
Exxon Mobil Corporation Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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