BTC Capital Management Inc. trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% in the third quarter, Holdings Channel.com reports. The fund owned 56,728 shares of the oil and gas company’s stock after selling 383 shares during the quarter. BTC Capital Management Inc.’s holdings in Exxon Mobil were worth $4,004,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of XOM. Massey Quick Simon & CO. LLC grew its stake in Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 183 shares during the period. Krane Funds Advisors LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $26,000. Asset Planning Services Ltd. grew its stake in Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares during the period. Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $45,000. Finally, PARK CIRCLE Co grew its stake in Exxon Mobil by 100.0% during the second quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 400 shares during the period. Institutional investors own 54.43% of the company’s stock.
Shares of Exxon Mobil stock opened at $67.61 on Friday. 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 52 week low of $64.65 and a 52 week high of $83.75. The stock has a 50 day moving average price of $70.15 and a two-hundred day moving average price of $74.24. The stock has a market capitalization of $288.31 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 2.95 EPS for the current year.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.05% of the company’s stock.
Several research firms recently commented on XOM. Jefferies Financial Group reaffirmed a “neutral” rating and set a $76.00 target price on shares of Exxon Mobil in a research note on Thursday. UBS Group decreased their target price on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Bank of America reaffirmed a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research note on Friday, September 27th. BMO Capital Markets began coverage on Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price for the company. Finally, JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “hold” rating in a research note on Sunday, August 4th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $80.04.
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.
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