Exxonmobil Investment Management Inc. TX cut its stake in shares of Oracle Corp. (NYSE:ORCL) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 768,457 shares of the enterprise software provider’s stock after selling 37,188 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Oracle Corp. were worth $30,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Emerald Acquisition Ltd. acquired a new stake in Oracle Corp. during the second quarter worth $540,085,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Oracle Corp. by 48.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,745,200 shares of the enterprise software provider’s stock worth $685,381,000 after buying an additional 5,430,200 shares during the period. Bank of Montreal Can acquired a new stake in Oracle Corp. during the second quarter worth $126,162,000. Schroder Investment Management Group increased its stake in Oracle Corp. by 35.1% in the second quarter. Schroder Investment Management Group now owns 9,692,099 shares of the enterprise software provider’s stock worth $396,697,000 after buying an additional 2,520,399 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Oracle Corp. by 55.4% in the second quarter. Mackenzie Financial Corp now owns 6,412,640 shares of the enterprise software provider’s stock worth $262,469,000 after buying an additional 2,286,324 shares during the period. Institutional investors own 57.68% of the company’s stock.

Institutional Ownership by Quarter for Oracle Corp. (NYSE:ORCL)

Shares of Oracle Corp. (NYSE:ORCL) traded up 0.42% during mid-day trading on Friday, hitting $40.27. The company had a trading volume of 4,013,115 shares. The firm’s 50-day moving average price is $38.83 and its 200 day moving average price is $39.89. The company has a market capitalization of $165.33 billion, a P/E ratio of 19.13 and a beta of 1.19. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00.

Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business had revenue of $8.60 billion for the quarter. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts predict that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2016/11/27/oracle-corp-orcl-shares-sold-by-exxonmobil-investment-management-inc-tx.html.

A number of analysts recently weighed in on the company. SunTrust Banks Inc. set a $48.00 price target on Oracle Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. Rosenblatt Securities set a $48.00 target price on Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. Zacks Investment Research upgraded Oracle Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. DA Davidson reiterated a “buy” rating and set a $52.00 target price on shares of Oracle Corp. in a research report on Saturday, September 17th. Finally, MKM Partners reiterated a “neutral” rating and set a $42.00 target price on shares of Oracle Corp. in a research report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have issued a buy rating to the stock. Oracle Corp. has a consensus rating of “Buy” and an average price target of $43.79.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $39.06, for a total value of $146,475.00. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $323,455.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the transaction, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. Company insiders own 29.00% of the company’s stock.

About Oracle Corp.

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

5 Day Chart for NYSE:ORCL

Receive News & Stock Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related stocks with our FREE daily email newsletter.