Nikko Asset Management Americas Inc. increased its stake in Exxon Mobil Corp. (NYSE:XOM) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 478,793 shares of the company’s stock after buying an additional 29,700 shares during the period. Exxon Mobil Corp. accounts for approximately 4.2% of Nikko Asset Management Americas Inc.’s holdings, making the stock its largest position. Nikko Asset Management Americas Inc.’s holdings in Exxon Mobil Corp. were worth $44,268,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Iberiabank Corp increased its stake in shares of Exxon Mobil Corp. by 7.5% in the first quarter. Iberiabank Corp now owns 65,747 shares of the company’s stock valued at $5,496,000 after buying an additional 4,583 shares in the last quarter. Wagner Bowman Management Corp increased its stake in shares of Exxon Mobil Corp. by 0.5% in the first quarter. Wagner Bowman Management Corp now owns 44,361 shares of the company’s stock valued at $3,708,000 after buying an additional 214 shares in the last quarter. M. Kraus & Co increased its stake in shares of Exxon Mobil Corp. by 3.7% in the first quarter. M. Kraus & Co now owns 25,596 shares of the company’s stock valued at $2,176,000 after buying an additional 921 shares in the last quarter. Bridge Creek Capital Management LLC increased its stake in Exxon Mobil Corp. by 0.9% in the first quarter. Bridge Creek Capital Management LLC now owns 87,010 shares of the company’s stock worth $7,273,000 after buying an additional 782 shares during the period. Finally, Macnealy Hoover Investment Management Inc. increased its stake in Exxon Mobil Corp. by 0.4% in the first quarter. Macnealy Hoover Investment Management Inc. now owns 60,094 shares of the company’s stock worth $5,023,000 after buying an additional 226 shares during the period. 50.42% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.02% during midday trading on Friday, hitting $86.54. The stock had a trading volume of 7,991,654 shares. The firm’s 50-day moving average price is $86.20 and its 200-day moving average price is $88.37. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The firm has a market capitalization of $358.85 billion, a PE ratio of 34.37 and a beta of 0.83.

Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. During the same period last year, the business posted $1.00 earnings per share. On average, equities analysts predict that Exxon Mobil Corp. will post $2.28 EPS for the current year.

A number of equities research analysts have commented on the company. Vetr downgraded Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 target price for the company. in a report on Wednesday, September 28th. HSBC set a $86.00 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, June 28th. Societe Generale set a $105.00 target price on Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 target price on Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 1st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $102.00 target price on shares of Exxon Mobil Corp. in a report on Thursday, July 28th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $87.77.

In other news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the sale, the vice president now directly owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Exxon Mobil Corp. Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

5 Day Chart for NYSE:XOM

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