United Bank bought a new position in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,902 shares of the oil and gas company’s stock, valued at approximately $1,796,000. Exxon Mobil accounts for about 1.8% of United Bank’s portfolio, making the stock its 21st largest position.
A number of other hedge funds have also bought and sold shares of the company. State Street Corp increased its position 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 period. Northern Trust Corp increased 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 valued at $4,751,316,000 after buying an additional 649,145 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 valued at $3,476,734,000 after buying an additional 2,530,920 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake 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 valued at $1,094,123,000 after buying an additional 476,028 shares during the last quarter. Finally, Fayez Sarofim & Co. increased its stake 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 valued at $1,075,029,000 after buying an additional 3,211,005 shares during the last quarter. 51.09% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Co. (NYSE:XOM) traded down 0.241% during mid-day trading on Friday, hitting $80.815. The company had a trading volume of 6,940,370 shares. The company has a market capitalization of $335.10 billion, a price-to-earnings ratio of 43.055 and a beta of 0.91. The firm’s 50 day moving average is $82.03 and its 200 day moving average is $85.16. Exxon Mobil Co. has a 52 week low of $80.30 and a 52 week high of $95.55. Exxon Mobil also saw unusually large options trading on Thursday. Traders acquired 2,028 put options on the company. This represents an increase of approximately 155% compared to the average daily volume of 794 put options.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.29. The business had revenue of $61.02 billion for the quarter, compared to analyst estimates of $62.28 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post $3.92 EPS for the current year.
Several equities research analysts have recently commented on XOM shares. Credit Suisse Group AG set a $78.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, February 1st. Goldman Sachs Group Inc set a $96.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, December 26th. Macquarie set a $72.00 price target on Exxon Mobil and gave the company a “sell” rating in a research note on Friday, February 3rd. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. Finally, CLSA reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Wednesday, February 1st. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.57.
Exxon Mobil Company Profile
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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