Bristlecone Advisors LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 51.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 41,027 shares of the oil and gas company’s stock after purchasing an additional 13,916 shares during the quarter. Exxon Mobil makes up approximately 0.9% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Bristlecone Advisors LLC’s holdings in Exxon Mobil were worth $3,488,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $151,929,000. Cornerstone Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 8,906.3% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,605,545 shares of the oil and gas company’s stock worth $19,636,000 after buying an additional 1,587,718 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Exxon Mobil by 36.4% during the 3rd quarter. Bank of Montreal Can now owns 5,317,473 shares of the oil and gas company’s stock worth $452,092,000 after buying an additional 1,420,065 shares in the last quarter. Unigestion Holding SA bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $114,974,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Exxon Mobil by 8.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock worth $1,136,355,000 after buying an additional 1,045,871 shares in the last quarter. 53.18% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on XOM. Barclays restated a “sell” rating and set a $82.00 price target on shares of Exxon Mobil in a report on Thursday. Berenberg Bank restated a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, January 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a report on Wednesday, January 9th. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Sunday, January 6th. Finally, Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, December 31st. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $85.33.
In related news, VP David S. Rosenthal sold 7,562 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total value of $614,336.88. Following the completion of the sale, the vice president now directly owns 258,250 shares of the company’s stock, valued at approximately $20,980,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert N. Schleckser sold 7,855 shares of the stock in a transaction on Friday, November 30th. The shares were sold at an average price of $78.91, for a total value of $619,838.05. Following the completion of the sale, the vice president now directly owns 207,940 shares of the company’s stock, valued at $16,408,545.40. The disclosure for this sale can be found here. Insiders sold a total of 58,587 shares of company stock valued at $4,507,808 over the last three months. 0.08% of the stock is currently owned by insiders.
Shares of XOM opened at $71.72 on Monday. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $89.30. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $306.88 billion, a P/E ratio of 19.98, a PEG ratio of 1.95 and a beta of 0.92.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. The business had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. Exxon Mobil’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 4.64 earnings per share for the current fiscal year.
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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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