Exxon Mobil Co. (XOM) Stake Boosted by Billeaud Capital Management Inc.
Billeaud Capital Management Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 68,061 shares of the oil and gas company’s stock after acquiring an additional 1,785 shares during the quarter. Exxon Mobil makes up 3.4% of Billeaud Capital Management Inc.’s holdings, making the stock its 8th largest holding. Billeaud Capital Management Inc.’s holdings in Exxon Mobil were worth $5,580,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. CWH Capital Management Inc. purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth $114,000. Horan Securities Inc. increased its stake in shares of Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management purchased a new stake in shares of Exxon Mobil in the 3rd quarter worth $172,000. 51.06% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on XOM. Zacks Investment Research lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Sunday. Jefferies Group set a $90.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday. HSBC set a $80.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Thursday. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co set a $88.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and an average price target of $86.71.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter last year, the business posted $0.63 earnings per share. equities analysts expect that Exxon Mobil Co. will post 3.71 earnings per share for the current fiscal year.
In other news, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the transaction, the vice president now owns 229,774 shares in the company, valued at $19,073,539.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the transaction, the insider now owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,357 shares of company stock valued at $4,273,910. Company insiders own 0.08% of the company’s stock.
About Exxon Mobil
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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