Strs Ohio Sells 100,491 Shares of Exxon Mobil Corporation (XOM)
Strs Ohio lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,155,867 shares of the oil and gas company’s stock after selling 100,491 shares during the quarter. Exxon Mobil Corporation accounts for approximately 1.1% of Strs Ohio’s portfolio, making the stock its 8th largest position. Strs Ohio owned about 0.07% of Exxon Mobil Corporation worth $254,773,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in XOM. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the 1st quarter valued at $102,000. Riggs Asset Managment Co. Inc. grew its stake in shares of Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 292 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Exxon Mobil Corporation by 13.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after acquiring an additional 220 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth $224,000. Institutional investors and hedge funds own 50.73% of the company’s stock.
XOM has been the subject of several recent analyst reports. Cowen and Company reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 target price for the company. in a research note on Tuesday, July 4th. Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada lowered shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $96.00 to $95.00 in a research note on Thursday, July 6th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.19.
In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction dated 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 transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 82.76 on Thursday. The stock has a market capitalization of $350.66 billion, a P/E ratio of 29.83 and a beta of 0.82. The stock has a 50 day moving average of $80.54 and a 200-day moving average of $80.76. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Equities analysts forecast that Exxon Mobil Corporation will post $3.48 earnings per share for the current year.
Exxon Mobil Corporation Company 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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