Exxon Mobil Co. (XOM) Stake Increased by Wright Investors Service Inc.

Wright Investors Service Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 160.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,389 shares of the oil and gas company’s stock after buying an additional 7,014 shares during the quarter. Wright Investors Service Inc.’s holdings in Exxon Mobil were worth $934,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Boltwood Capital Management raised its position in Exxon Mobil by 2.7% in the 2nd quarter. Boltwood Capital Management now owns 45,768 shares of the oil and gas company’s stock valued at $3,694,000 after purchasing an additional 1,201 shares during the last quarter. Trust Co raised its position in Exxon Mobil by 1.8% in the 1st quarter. Trust Co now owns 187,512 shares of the oil and gas company’s stock valued at $15,378,000 after purchasing an additional 3,311 shares during the last quarter. Stillwater Capital Advisors LLC raised its position in Exxon Mobil by 3.4% in the 2nd quarter. Stillwater Capital Advisors LLC now owns 104,294 shares of the oil and gas company’s stock valued at $8,420,000 after purchasing an additional 3,443 shares during the last quarter. Thompson Rubinstein Investment Management Inc. OR raised its position in Exxon Mobil by 0.7% in the 2nd quarter. Thompson Rubinstein Investment Management Inc. OR now owns 66,249 shares of the oil and gas company’s stock valued at $5,348,000 after purchasing an additional 480 shares during the last quarter. Finally, Beacon Financial Group raised its position in Exxon Mobil by 193.8% in the 2nd quarter. Beacon Financial Group now owns 183,701 shares of the oil and gas company’s stock valued at $14,825,000 after purchasing an additional 121,169 shares during the last quarter. Institutional investors and hedge funds own 51.06% of the company’s stock.

Exxon Mobil Co. (NYSE XOM) opened at $87.52 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market cap of $370,830.00, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.82. Exxon Mobil Co. has a 12 month low of $76.05 and a 12 month high of $87.99.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same period in the previous year, the company posted $0.63 EPS. equities research analysts anticipate that Exxon Mobil Co. will post 3.68 earnings per share for the current fiscal year.

In other news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the transaction, the vice president now directly owns 291,385 shares in the company, valued at $24,199,524.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,357 shares of company stock worth $4,273,910. Corporate insiders own 0.08% of the company’s stock.

Several research firms recently commented on XOM. Vetr upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday. Cowen reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Jefferies Group set a $84.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Thursday, October 19th. BMO Capital Markets set a $80.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, Goldman Sachs Group set a $85.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, October 3rd. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.78.

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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.

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

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