Summit Financial Wealth Advisors LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 261.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,988 shares of the oil and gas company’s stock after purchasing an additional 33,257 shares during the period. Exxon Mobil accounts for 1.1% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Summit Financial Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,716,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grassi Investment Management grew its stake in shares of Exxon Mobil by 0.6% during the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after purchasing an additional 600 shares during the period. Pure Financial Advisors Inc. grew its stake in shares of Exxon Mobil by 26.5% during the 2nd quarter. Pure Financial Advisors Inc. now owns 3,895 shares of the oil and gas company’s stock valued at $322,000 after purchasing an additional 815 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Exxon Mobil by 15.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 879,352 shares of the oil and gas company’s stock valued at $72,745,000 after purchasing an additional 118,905 shares during the period. Private Asset Management Inc. grew its stake in shares of Exxon Mobil by 4.2% during the 2nd quarter. Private Asset Management Inc. now owns 176,709 shares of the oil and gas company’s stock valued at $13,184,000 after purchasing an additional 7,137 shares during the period. Finally, Winfield Associates Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $160,000. Hedge funds and other institutional investors own 53.18% of the company’s stock.
Shares of NYSE:XOM opened at $71.72 on Monday. The company has a market cap of $306.88 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.95 and a beta of 0.92. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 4.64 earnings per share for the current year.
In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the transaction, the vice president now directly owns 223,461 shares of the company’s stock, valued at approximately $16,276,899.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David S. Rosenthal sold 7,562 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total value of $614,336.88. Following the completion of the transaction, the vice president now directly owns 258,250 shares in the company, valued at $20,980,230. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,587 shares of company stock worth $4,507,808. 0.08% of the stock is owned by insiders.
A number of research firms have issued reports on XOM. Credit Suisse Group restated a “neutral” rating and set a $80.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 2nd. Societe Generale set a $92.00 price target on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, September 26th. HSBC restated a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research note on Tuesday, November 6th. Zacks Investment Research restated a “hold” rating on shares of Exxon Mobil in a research note on Saturday, November 17th. Finally, BNP Paribas set a $80.00 price target on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, November 20th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $85.33.
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Exxon Mobil Company 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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