Albert D Mason Inc. acquired a new stake in shares of Exxon Mobil Corp. (NYSE:XOM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,386 shares of the company’s stock, valued at approximately $224,000.
A number of other large investors have also bought and sold shares of XOM. Lenox Wealth Advisors Inc. raised its stake in Exxon Mobil Corp. by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 2,708 shares of the company’s stock valued at $254,000 after buying an additional 10 shares in the last quarter. Capital Asset Advisory Services LLC increased its stake in Exxon Mobil Corp. by 0.4% in the second quarter. Capital Asset Advisory Services LLC now owns 3,394 shares of the company’s stock worth $318,000 after buying an additional 15 shares during the last quarter. Ronna Sue Cohen increased its stake in Exxon Mobil Corp. by 0.3% in the first quarter. Ronna Sue Cohen now owns 8,932 shares of the company’s stock worth $747,000 after buying an additional 25 shares during the last quarter. Capital Analysts LLC increased its stake in Exxon Mobil Corp. by 0.3% in the second quarter. Capital Analysts LLC now owns 11,382 shares of the company’s stock worth $1,067,000 after buying an additional 29 shares during the last quarter. Finally, Patton Albertson Miller Group LLC increased its stake in Exxon Mobil Corp. by 0.7% in the second quarter. Patton Albertson Miller Group LLC now owns 6,652 shares of the company’s stock worth $624,000 after buying an additional 46 shares during the last quarter. 50.42% of the stock is owned by institutional investors.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.65% during midday trading on Thursday, reaching $86.56. 9,890,258 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $86.27 and its 200 day moving average is $88.37. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The firm has a market cap of $358.93 billion, a PE ratio of 34.38 and a beta of 0.83.
Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. The company had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business’s revenue was down 22.2% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. Analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current year.
A number of research firms have weighed in on XOM. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. RBC Capital Markets set a $98.00 price target on Exxon Mobil Corp. and gave the company a “buy” rating in a research report on Thursday. HSBC set a $88.50 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a research report on Wednesday, July 13th. BNP Paribas set a $80.00 price target on Exxon Mobil Corp. and gave the company a “sell” rating in a research report on Tuesday. Finally, Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price target on the stock in a research report on Monday, June 27th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $87.92.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the transaction, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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