Ingalls & Snyder LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 236,715 shares of the oil and gas company’s stock after selling 13,445 shares during the period. Ingalls & Snyder LLC’s holdings in Exxon Mobil were worth $16,518,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. boosted its stake in shares of Exxon Mobil by 48.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 164,241 shares during the period. Marquette Asset Management LLC boosted its stake in shares of Exxon Mobil by 35.0% in the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 150 shares during the period. Arlington Partners LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at about $45,000. Quantum Capital Management purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at about $48,000. Finally, KCS Wealth Advisory purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at about $62,000. Institutional investors own 54.51% of the company’s stock.
XOM stock opened at $69.09 on Thursday. The business has a 50 day moving average price of $69.50 and a 200 day moving average price of $70.74. The stock has a market cap of $292.54 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.19 and a beta of 1.00. Exxon Mobil Co. has a fifty-two week low of $66.31 and a fifty-two week high of $83.49. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 2.42 EPS for the current year.
In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP David S. Rosenthal sold 9,615 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. 0.05% of the stock is owned by insiders.
Several brokerages have recently issued reports on XOM. Morgan Stanley decreased their price objective on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. Bank of America upgraded Exxon Mobil to a “buy” rating in a research note on Tuesday, January 7th. Jefferies Financial Group reiterated a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. JPMorgan Chase & Co. set a $76.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 price objective on shares of Exxon Mobil in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $78.05.
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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