Carderock Capital Management Inc. Acquires 639 Shares of ExxonMobil (XOM)

Carderock Capital Management Inc. increased its holdings in shares of ExxonMobil (NYSE:XOM) by 17.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,374 shares of the oil and gas company’s stock after purchasing an additional 639 shares during the quarter. Carderock Capital Management Inc.’s holdings in ExxonMobil were worth $366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. CWH Capital Management Inc. bought a new stake in ExxonMobil in the second quarter valued at approximately $114,000. Litman Gregory Asset Management LLC bought a new stake in ExxonMobil in the third quarter valued at approximately $131,000. Acrospire Investment Management LLC increased its stake in ExxonMobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares in the last quarter. Saratoga Research & Investment Management bought a new stake in ExxonMobil in the third quarter valued at approximately $172,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in ExxonMobil in the second quarter valued at approximately $175,000. 53.12% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $82.00 target price on shares of ExxonMobil in a research note on Friday. Vetr downgraded shares of ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $81.94 target price for the company. in a research note on Tuesday, April 10th. JPMorgan Chase reaffirmed a “neutral” rating and issued a $83.00 target price on shares of ExxonMobil in a research note on Monday, April 9th. HSBC raised shares of ExxonMobil from a “reduce” rating to a “buy” rating and upped their target price for the company from $73.60 to $82.50 in a research note on Thursday, March 15th. Finally, Societe Generale reaffirmed a “buy” rating and issued a $87.00 target price on shares of ExxonMobil in a research note on Tuesday, March 13th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.42.

Shares of XOM opened at $78.54 on Tuesday. ExxonMobil has a 12 month low of $72.15 and a 12 month high of $89.30. The firm has a market cap of $329,844.03, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.16 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. equities research analysts predict that ExxonMobil will post 4.81 EPS for the current year.

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ExxonMobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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