Successful Portfolios LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,065 shares of the oil and gas company’s stock after purchasing an additional 367 shares during the period. Exxon Mobil comprises approximately 1.1% of Successful Portfolios LLC’s holdings, making the stock its 22nd biggest position. Successful Portfolios LLC’s holdings in Exxon Mobil were worth $1,134,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of XOM. Massey Quick Simon & CO. LLC raised its stake in Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 183 shares during the period. Krane Funds Advisors LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $26,000. Asset Planning Services Ltd. raised its stake in Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 496 shares during the period. Evolution Wealth Advisors LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $45,000. Finally, Interactive Financial Advisors bought a new stake in Exxon Mobil during the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 54.42% of the company’s stock.
In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 3.04 EPS for the current year.
A number of equities research analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price on the stock. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and decreased their target price for the stock from $72.00 to $70.00 in a research note on Tuesday, August 6th. Royal Bank of Canada restated a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research note on Friday, August 2nd. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. Finally, Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $80.52.
Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
Featured Story: Balance Sheet
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 Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.