Vigilant Capital Management LLC reduced its position in Exxon Mobil Corp. (NYSE:XOM) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 99,877 shares of the company’s stock after selling 3,889 shares during the period. Exxon Mobil Corp. accounts for approximately 1.8% of Vigilant Capital Management LLC’s holdings, making the stock its 13th largest position. Vigilant Capital Management LLC’s holdings in Exxon Mobil Corp. were worth $9,362,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of XOM. BlackRock Institutional Trust Company N.A. boosted 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 valued at $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors boosted 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 valued at $4,987,743,000 after buying an additional 814,931 shares in the last quarter. BlackRock Group LTD boosted its stake in Exxon Mobil Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 34,632,830 shares of the company’s stock valued at $2,894,959,000 after buying an additional 759,438 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Exxon Mobil Corp. by 1.2% in the first quarter. TIAA CREF Investment Management LLC now owns 16,108,497 shares of the company’s stock valued at $1,346,509,000 after buying an additional 193,586 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Exxon Mobil Corp. by 0.3% in the first quarter. Prudential Financial Inc. now owns 9,202,117 shares of the company’s stock valued at $769,205,000 after buying an additional 27,381 shares in the last quarter. Institutional investors and hedge funds own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded up 1.96% during mid-day trading on Monday, hitting $88.44. The stock had a trading volume of 10,060,038 shares. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The stock has a market cap of $366.73 billion, a P/E ratio of 35.12 and a beta of 0.83. The firm has a 50-day moving average of $86.29 and a 200-day moving average of $88.38.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s revenue was down 22.2% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
Several analysts recently issued reports on XOM shares. HSBC set a $83.50 target price on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Morgan Stanley set a $95.00 price target on Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Monday, June 13th. Zacks Investment Research raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Tuesday, July 5th. Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target for the company in a research note on Tuesday, September 13th. Finally, Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.39.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction on 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 directly owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
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.
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corp. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corp. and related companies with MarketBeat.com's FREE daily email newsletter.