Hallmark Capital Management Inc. Grows Stake in Exxon Mobil Co. (XOM)

Hallmark Capital Management Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,653 shares of the oil and gas company’s stock after buying an additional 3,716 shares during the quarter. Exxon Mobil comprises about 2.0% of Hallmark Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Hallmark Capital Management Inc.’s holdings in Exxon Mobil were worth $16,285,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Shell Asset Management Co. grew its holdings in shares of Exxon Mobil by 31.9% during the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after buying an additional 257,727 shares in the last quarter. Baldwin Brothers Inc. MA grew its holdings in shares of Exxon Mobil by 14.4% during the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock worth $8,472,000 after buying an additional 13,206 shares in the last quarter. Compass Capital Management Inc. grew its holdings in shares of Exxon Mobil by 1.5% in the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock valued at $1,071,000 after purchasing an additional 199 shares during the period. Perkins Coie Trust Co grew its holdings in shares of Exxon Mobil by 47.6% in the second quarter. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company’s stock valued at $790,000 after purchasing an additional 3,154 shares during the period. Finally, Mizuho Securities USA LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $1,255,000. 51.06% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the stock. Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a report on Friday, October 6th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Wells Fargo & Co set a $88.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Morgan Stanley reissued an “underperform” rating on shares of Exxon Mobil in a report on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 14th. Six investment 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 company. The stock presently has a consensus rating of “Hold” and an average price target of $86.78.

In other news, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the sale, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Exxon Mobil Co. (XOM) opened at $86.97 on Wednesday. Exxon Mobil Co. has a 1 year low of $76.05 and a 1 year high of $87.99. 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 company has a market cap of $368,500.00, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.37 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Zacks’ 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 quarter in the prior year, the company posted $0.63 earnings per share. equities research analysts forecast that Exxon Mobil Co. will post 3.68 EPS for the current fiscal year.

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About Exxon Mobil

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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