Exxon Mobil Co. (XOM) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,899 shares of the oil and gas company’s stock after selling 826 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Exxon Mobil were worth $2,041,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Asset Management Advisors LLC boosted its position in shares of Exxon Mobil by 0.3% in the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 7 shares during the period. Jag Capital Management LLC boosted its position in shares of Exxon Mobil by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after acquiring an additional 26 shares during the period. C M Bidwell & Associates Ltd. boosted its position in shares of Exxon Mobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after acquiring an additional 30 shares during the period. Lehman Financial Resources Inc. boosted its position in shares of Exxon Mobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after acquiring an additional 35 shares during the period. Finally, Intellectus Partners LLC boosted its position in shares of Exxon Mobil by 0.7% in the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 41 shares during the period. 51.05% of the stock is owned by hedge funds and other institutional investors.

Shares of Exxon Mobil Co. (NYSE:XOM) opened at $87.52 on Friday. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $87.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The firm has a market cap of $370,830.00, a PE ratio of 28.51, a P/E/G ratio of 1.36 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. analysts expect that Exxon Mobil Co. will post 3.68 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Exxon Mobil to $85.00 and gave the company a “market perform” rating in a research report on Wednesday. Wells Fargo & Co set a $88.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday. BNP Paribas set a $70.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Monday, September 25th. JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Saturday. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.74.

In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the transaction, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the transaction, the vice president now directly owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock valued at $4,273,910 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

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Exxon Mobil Company 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.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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