Exxon Mobil Co. (NYSE:XOM) Shares Sold by YorkBridge Wealth Partners LLC

YorkBridge Wealth Partners LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 29,954 shares of the oil and gas company’s stock after selling 1,018 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of YorkBridge Wealth Partners LLC’s portfolio, making the stock its 23rd biggest position. YorkBridge Wealth Partners LLC’s holdings in Exxon Mobil were worth $2,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aevitas Wealth Management Inc. boosted its position in Exxon Mobil by 21.9% in the 3rd quarter. Aevitas Wealth Management Inc. now owns 16,862 shares of the oil and gas company’s stock valued at $1,191,000 after buying an additional 3,026 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of Exxon Mobil by 48.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 164,241 shares during the last quarter. Silver Lake Advisory LLC lifted its position in shares of Exxon Mobil by 11.4% during the third quarter. Silver Lake Advisory LLC now owns 12,301 shares of the oil and gas company’s stock worth $869,000 after purchasing an additional 1,262 shares during the last quarter. BTR Capital Management Inc. lifted its position in shares of Exxon Mobil by 1.8% during the third quarter. BTR Capital Management Inc. now owns 56,982 shares of the oil and gas company’s stock worth $4,023,000 after purchasing an additional 990 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Exxon Mobil by 4.7% during the third quarter. Whittier Trust Co. now owns 214,985 shares of the oil and gas company’s stock worth $15,180,000 after purchasing an additional 9,634 shares during the last quarter. Hedge funds and other institutional investors own 54.41% of the company’s stock.

In related news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on XOM shares. Berenberg Bank reduced their price target on shares of Exxon Mobil from $73.00 to $63.00 and set a “hold” rating on the stock in a research report on Monday, October 7th. UBS Group reduced their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Morgan Stanley reduced their price target on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Finally, Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research 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 assigned a buy rating to the company. Exxon Mobil has an average rating of “Hold” and an average target price of $80.04.

XOM opened at $68.80 on Tuesday. The firm has a market cap of $286.07 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $83.75. The company’s 50-day moving average price is $70.13 and its 200 day moving average price is $74.04. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.

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 for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. Exxon Mobil’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 2.66 earnings per share for the current year.

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 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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