Brookstone Capital Management reduced its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 11.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,602 shares of the company’s stock after selling 3,332 shares during the period. Brookstone Capital Management’s holdings in Exxon Mobil Corp. were worth $2,494,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of XOM. BlackRock Institutional Trust Company N.A. increased its stake in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock worth $9,286,480,000 after buying an additional 1,455,454 shares during the period. Virginia Retirement System acquired a new stake in Exxon Mobil Corp. during the first quarter worth approximately $120,470,000. Nordea Investment Management AB increased its stake in Exxon Mobil Corp. by 84.8% in the second quarter. Nordea Investment Management AB now owns 2,809,085 shares of the company’s stock worth $263,324,000 after buying an additional 1,289,210 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Exxon Mobil Corp. during the first quarter worth approximately $80,319,000. Finally, BlackRock Fund Advisors increased its stake in Exxon Mobil Corp. by 1.4% in the first quarter. BlackRock Fund Advisors now owns 59,669,140 shares of the company’s stock worth $4,987,743,000 after buying an additional 814,931 shares during the period. Hedge funds and other institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.02% during midday trading on Friday, hitting $86.54. The company had a trading volume of 7,991,654 shares. The company has a market cap of $358.85 billion, a P/E ratio of 34.37 and a beta of 0.83. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The company’s 50 day moving average is $86.20 and its 200-day moving average is $88.37.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data 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 analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business’s revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. On average, equities analysts predict that Exxon Mobil Corp. will post $2.28 EPS for the current year.
A number of research firms have commented on XOM. Credit Suisse Group AG set a $74.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a report on Friday. RBC Capital Markets set a $98.00 target price on Exxon Mobil Corp. and gave the company a “buy” rating in a report on Thursday. Bank of America Corp. set a $100.00 target price on Exxon Mobil Corp. and gave the company a “hold” rating in a report on Monday, October 10th. BNP Paribas set a $80.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a report on Tuesday, October 11th. Finally, HSBC set a $91.00 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, October 11th. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $87.77.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the transaction, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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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