Independent Investors Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,588 shares of the oil and gas company’s stock after selling 1,637 shares during the period. Exxon Mobil accounts for about 1.5% of Independent Investors Inc.’s investment portfolio, making the stock its 12th largest position. Independent Investors Inc.’s holdings in Exxon Mobil were worth $4,646,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC raised its stake in Exxon Mobil by 24.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 15,497 shares of the oil and gas company’s stock worth $1,081,000 after acquiring an additional 3,046 shares during the period. Ridgewood Investments LLC raised its stake in Exxon Mobil by 26.3% during the 4th quarter. Ridgewood Investments LLC now owns 6,424 shares of the oil and gas company’s stock worth $448,000 after acquiring an additional 1,336 shares during the period. Signature Wealth Management Group grew its holdings in Exxon Mobil by 1.4% during the 4th quarter. Signature Wealth Management Group now owns 41,811 shares of the oil and gas company’s stock valued at $2,918,000 after buying an additional 593 shares in the last quarter. Boenning & Scattergood Inc. grew its holdings in Exxon Mobil by 0.4% during the 4th quarter. Boenning & Scattergood Inc. now owns 118,506 shares of the oil and gas company’s stock valued at $8,269,000 after buying an additional 454 shares in the last quarter. Finally, Guardian Investment Management grew its holdings in Exxon Mobil by 6.4% during the 4th quarter. Guardian Investment Management now owns 50,096 shares of the oil and gas company’s stock valued at $3,495,000 after buying an additional 3,008 shares in the last quarter. Institutional investors own 54.51% of the company’s stock.
XOM stock opened at $69.09 on Thursday. The firm has a fifty day moving average price of $69.50 and a 200 day moving average price of $70.74. 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 debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. The firm has a market cap of $292.54 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00.
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, beating analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The firm had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. During the same period last year, the firm posted $0.82 earnings per share. Exxon Mobil’s revenue for the quarter was down 15.1% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 2.42 EPS for the current year.
A number of brokerages have issued reports on XOM. JPMorgan Chase & Co. set a $76.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Monday, January 6th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Goldman Sachs Group cut their price objective on shares of Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Credit Suisse Group reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Exxon Mobil in a report on Thursday, January 9th. Finally, Citigroup cut their price objective on shares of Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $78.05.
In related news, VP David S. Rosenthal sold 9,615 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. Also, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the completion of the transaction, the vice president now directly owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.
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.
See Also: How To Calculate Debt-to-Equity Ratio
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.