Exxon Mobil Co. (NYSE:XOM) Holdings Trimmed by Kiltearn Partners LLP

Kiltearn Partners LLP lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 27.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,283 shares of the oil and gas company’s stock after selling 62,400 shares during the quarter. Exxon Mobil accounts for approximately 1.8% of Kiltearn Partners LLP’s investment portfolio, making the stock its 25th largest position. Kiltearn Partners LLP’s holdings in Exxon Mobil were worth $19,336,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $34,000. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $50,000. Finally, ESL Trust Services LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $76,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XOM. Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. UBS Group increased their price objective on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Barclays reduced their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.78.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.10 during trading on Friday, reaching $117.33. The company had a trading volume of 11,252,479 shares, compared to its average volume of 12,739,402. The firm’s 50 day simple moving average is $113.86 and its two-hundred day simple moving average is $111.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a market capitalization of $462.63 billion, a PE ratio of 14.38, a PEG ratio of 4.52 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.83 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.