Woodstock Corp Increases Holdings in Exxon Mobil Corporation (XOM)
Woodstock Corp boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,937 shares of the oil and gas company’s stock after purchasing an additional 2,135 shares during the period. Exxon Mobil Corporation comprises 1.8% of Woodstock Corp’s portfolio, making the stock its 18th biggest holding. Woodstock Corp’s holdings in Exxon Mobil Corporation were worth $9,037,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in XOM. Horan Securities Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at about $102,000. Watermark Asset Management Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares in the last quarter. Diversified Portfolios Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at about $224,000. Finally, Colorado Capital Management Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at about $235,000. 50.74% of the stock is currently owned by institutional investors and hedge funds.
XOM has been the topic of a number of analyst reports. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective on the stock in a research report on Tuesday, August 29th. Wolfe Research cut Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Zacks Investment Research cut Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. BMO Capital Markets lifted their price objective on Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, June 21st. Finally, Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.82.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the previous year, the company posted $0.41 EPS. Exxon Mobil Corporation’s quarterly revenue was up 9.0% compared to the same quarter last year.
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Exxon Mobil Corporation Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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