Exxon Mobil Co. (NYSE:XOM) Stake Trimmed by Affiance Financial LLC

Affiance Financial LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 13.0% during the third quarter, HoldingsChannel reports. The firm owned 14,847 shares of the oil and gas company’s stock after selling 2,210 shares during the period. Affiance Financial LLC’s holdings in Exxon Mobil were worth $1,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. E&G Advisors LP increased its stake in Exxon Mobil by 5.2% in the 3rd quarter. E&G Advisors LP now owns 16,425 shares of the oil and gas company’s stock worth $1,160,000 after purchasing an additional 815 shares in the last quarter. Country Trust Bank purchased a new position in Exxon Mobil in the 3rd quarter worth about $15,338,000. First PREMIER Bank increased its stake in Exxon Mobil by 9.9% in the 3rd quarter. First PREMIER Bank now owns 3,077 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 277 shares in the last quarter. Pacer Advisors Inc. increased its stake in Exxon Mobil by 10.7% in the 3rd quarter. Pacer Advisors Inc. now owns 507,231 shares of the oil and gas company’s stock worth $35,816,000 after purchasing an additional 49,033 shares in the last quarter. Finally, We Are One Seven LLC increased its stake in Exxon Mobil by 14.7% in the 3rd quarter. We Are One Seven LLC now owns 35,361 shares of the oil and gas company’s stock worth $2,497,000 after purchasing an additional 4,532 shares in the last quarter. 54.42% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on XOM. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Berenberg Bank lowered their target price on Exxon Mobil from $73.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday. UBS Group lowered their target price on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $80.52.

Shares of Exxon Mobil stock traded up $0.84 during trading on Friday, hitting $69.09. 1,646,190 shares of the stock traded hands, compared to its average volume of 11,267,818. The stock has a market cap of $282.21 billion, a P/E ratio of 14.01, a PEG ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $84.17. The company has a fifty day moving average price of $70.05 and a two-hundred day moving average price of $74.71.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 3.04 EPS for the current fiscal year.

In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by insiders.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Diversification

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

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