Welch & Forbes LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Welch & Forbes LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 629,819 shares of the oil and gas company’s stock after selling 28,250 shares during the period. Exxon Mobil makes up about 1.1% of Welch & Forbes LLC’s holdings, making the stock its 25th biggest holding. Welch & Forbes LLC’s holdings in Exxon Mobil were worth $44,472,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in XOM. Semmax Financial Advisors Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $1,293,000. Nomura Holdings Inc. boosted its stake in shares of Exxon Mobil by 224.9% in the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after purchasing an additional 809,199 shares in the last quarter. Foresters Investment Management Company Inc. boosted its stake in shares of Exxon Mobil by 22.6% in the 4th quarter. Foresters Investment Management Company Inc. now owns 572,071 shares of the oil and gas company’s stock valued at $39,010,000 after purchasing an additional 105,550 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Exxon Mobil by 259.5% in the 4th quarter. Cohen & Steers Inc. now owns 149,531 shares of the oil and gas company’s stock valued at $10,197,000 after purchasing an additional 107,936 shares in the last quarter. Finally, ERTS Wealth Advisors LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $332,000. 54.42% of the stock is owned by institutional investors.

NYSE XOM traded up $1.17 during trading on Friday, hitting $69.43. The company had a trading volume of 5,191,173 shares, compared to its average volume of 11,267,818. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $84.17. The company has a market cap of $282.21 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The company’s fifty day moving average is $70.05 and its 200-day moving average is $74.71.



Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 3.04 EPS for the current year.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the company’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 in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on XOM. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price target for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. UBS Group lowered their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Berenberg Bank lowered their price target on shares of Exxon Mobil from $73.00 to $63.00 and set a “hold” rating for the company in a report on Monday. Finally, Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report 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. Exxon Mobil has a consensus rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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