Clarus Wealth Advisors grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 51.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,936 shares of the oil and gas company’s stock after buying an additional 4,411 shares during the period. Clarus Wealth Advisors’ holdings in Exxon Mobil were worth $913,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC increased its stake in shares of Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 183 shares during the period. Krane Funds Advisors LLC bought a new position in shares of Exxon Mobil during the second quarter worth approximately $26,000. Asset Planning Services Ltd. increased its stake in shares of Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares during the period. Evolution Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the second quarter worth approximately $45,000. Finally, PARK CIRCLE Co increased its stake in shares of Exxon Mobil by 100.0% during the second quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 400 shares during the period. 54.42% of the stock is owned by institutional investors.
In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a 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 issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 3.04 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Bank of America reiterated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research note on Friday, September 27th. Independent Research set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and lowered their target price for the stock from $72.00 to $70.00 in a research note on Tuesday, August 6th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. Finally, Morgan Stanley lowered their price objective on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five 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 $80.52.
About Exxon Mobil
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.
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