3,890 Shares in ExxonMobil Corporation $XOM Acquired by William Mack & Associates Inc.

William Mack & Associates Inc. bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,890 shares of the oil and gas company’s stock, valued at approximately $633,000.

A number of other large investors also recently modified their holdings of the company. CPA Asset Management Group LLC boosted its holdings in ExxonMobil by 1.8% in the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 60 shares during the period. WP Advisors LLC increased its holdings in shares of ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 63 shares during the period. Avant Capital LLC grew its position in ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after buying an additional 65 shares in the last quarter. Impact Partnership Wealth LLC grew its position in ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after buying an additional 67 shares in the last quarter. Finally, Core Wealth Advisors Inc. grew its position in ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock worth $1,155,000 after buying an additional 68 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Wall Street Zen upgraded shares of ExxonMobil from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. BNP Paribas Exane reduced their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, July 17th. Finally, Wells Fargo & Company cut ExxonMobil from an “overweight” rating to an “equal weight” rating and set a $182.00 price objective on the stock. in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $183.15 on Friday. The firm has a market cap of $759.15 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $184.88. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $167.35 and its two-hundred day simple moving average is $154.04.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the previous year, the firm posted $1.64 EPS. As a group, equities analysts expect that ExxonMobil Corporation will post 13.61 EPS for the current year.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.