Bp Plc boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 532,000 shares of the oil and gas company’s stock after purchasing an additional 43,000 shares during the quarter. Exxon Mobil comprises approximately 1.4% of Bp Plc’s portfolio, making the stock its 6th biggest position. Bp Plc’s holdings in Exxon Mobil were worth $44,060,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in Exxon Mobil by 1.2% in the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after buying an additional 2,982,610 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Exxon Mobil by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock valued at $2,281,575,000 after buying an additional 1,200,678 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Exxon Mobil by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock valued at $1,778,179,000 after buying an additional 1,116,450 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Exxon Mobil by 43.0% in the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after buying an additional 5,440,412 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Exxon Mobil by 3.0% in the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock valued at $980,635,000 after buying an additional 376,686 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. HSBC reiterated a “buy” rating and issued a $93.50 price objective on shares of Exxon Mobil in a research note on Monday, July 16th. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, August 6th. Credit Suisse Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of Exxon Mobil in a research note on Tuesday, October 2nd. Macquarie restated a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a research note on Thursday, August 30th. Finally, Jefferies Financial Group set a $87.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, September 14th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.69.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 4.63 EPS for the current fiscal year.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.
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; and transports and sells crude oil, natural gas, and petroleum products.
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