Intact Investment Management Inc. Boosts Stake in Exxon Mobil Co. (XOM)

Intact Investment Management Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,300 shares of the oil and gas company’s stock after buying an additional 9,800 shares during the period. Intact Investment Management Inc.’s holdings in Exxon Mobil were worth $4,497,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of XOM. Koch Industries Inc. boosted its stake in shares of Exxon Mobil by 343.1% during the 1st quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock worth $932,000 after purchasing an additional 9,676 shares during the period. First Command Bank boosted its stake in shares of Exxon Mobil by 96.0% during the 2nd quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock worth $15,550,000 after purchasing an additional 92,058 shares during the period. Eaton Vance Management boosted its stake in shares of Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after purchasing an additional 3,136,452 shares during the period. First Financial Bank Trust Division boosted its stake in shares of Exxon Mobil by 3.5% during the 2nd quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock worth $7,078,000 after purchasing an additional 2,883 shares during the period. Finally, TLP Group LLC boosted its stake in shares of Exxon Mobil by 2,160.1% during the 1st quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock worth $317,000 after purchasing an additional 4,061 shares during the period. Hedge funds and other institutional investors own 52.48% of the company’s stock.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.

Exxon Mobil stock opened at $81.20 on Wednesday. The stock has a market capitalization of $360.27 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.34). The company had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. Exxon Mobil’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 4.6 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the stock. Goldman Sachs Group reaffirmed a “neutral” rating and set a $85.00 price target on shares of Exxon Mobil in a research note on Thursday, June 21st. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Monday, October 8th. Royal Bank of Canada set a $105.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Monday, July 23rd. Barclays reaffirmed a “sell” rating and set a $84.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 10th. Finally, Wells Fargo & Co reaffirmed a “neutral” rating and set a $82.00 price target on shares of Exxon Mobil in a research note on Thursday, June 21st. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $87.08.

About Exxon Mobil

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.

Featured Article: Leveraged Buyout (LBO)

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply