Edgewood Management LLC Lowers Position in Exxon Mobil Co. (XOM)

Edgewood Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,453 shares of the oil and gas company’s stock after selling 483 shares during the period. Edgewood Management LLC’s holdings in Exxon Mobil were worth $5,637,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in Exxon Mobil by 4.3% in the fourth quarter. State Street Corp now owns 200,026,488 shares of the oil and gas company’s stock worth $18,054,385,000 after buying an additional 8,303,490 shares during the last quarter. Northern Trust Corp boosted its stake in Exxon Mobil by 1.2% in the third quarter. Northern Trust Corp now owns 54,437,635 shares of the oil and gas company’s stock worth $4,751,316,000 after buying an additional 649,145 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Exxon Mobil by 6.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,834,252 shares of the oil and gas company’s stock worth $3,476,734,000 after buying an additional 2,530,920 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Exxon Mobil by 3.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,535,777 shares of the oil and gas company’s stock worth $1,094,123,000 after buying an additional 476,028 shares during the period. Finally, Fayez Sarofim & Co. increased its position in Exxon Mobil by 35.3% in the third quarter. Fayez Sarofim & Co. now owns 12,318,584 shares of the oil and gas company’s stock worth $1,075,029,000 after buying an additional 3,211,005 shares during the period. 51.09% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Shares of Exxon Mobil Co. (NYSE:XOM) traded down 0.241% on Friday, hitting $80.815. The stock had a trading volume of 6,940,370 shares. The stock has a market cap of $335.10 billion, a PE ratio of 43.055 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $80.30 and a 12 month high of $95.55. The stock has a 50 day moving average of $82.03 and a 200-day moving average of $85.16. Exxon Mobil also was the target of some unusual options trading on Thursday. Investors bought 2,028 put options on the stock. This represents an increase of 155% compared to the average volume of 794 put options.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.29. Exxon Mobil had a net margin of 3.47% and a return on equity of 5.56%. The business earned $61.02 billion during the quarter, compared to analysts’ expectations of $62.28 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Exxon Mobil’s revenue was up 2.0% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post $3.92 EPS for the current year.

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XOM has been the subject of a number of recent research reports. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $85.72 price target for the company in a research report on Monday, April 3rd. HSBC Holdings plc restated a “neutral” rating and issued a $85.00 price target on shares of Exxon Mobil in a research note on Thursday, April 13th. JPMorgan Chase & Co. set a $94.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, January 9th. Goldman Sachs Group Inc set a $89.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. Finally, Jefferies Group LLC reiterated a “neutral” rating and set a $92.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 6th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $89.57.

About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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