NewSquare Capital LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)
NewSquare Capital LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,161 shares of the oil and gas company’s stock after acquiring an additional 1,727 shares during the quarter. NewSquare Capital LLC’s holdings in Exxon Mobil were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its position in shares of Exxon Mobil by 5,514.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after buying an additional 22,268,191 shares in the last quarter. FMR LLC grew its holdings in shares of Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after purchasing an additional 3,038,704 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after purchasing an additional 2,953,857 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Exxon Mobil by 7,471.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after purchasing an additional 1,748,402 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after purchasing an additional 1,069,038 shares during the last quarter. Institutional investors and hedge funds own 54.43% of the company’s stock.
In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same period last year, the company posted $0.92 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 3.02 earnings per share for the current fiscal year.
XOM has been the topic of several recent research reports. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley reduced their target price on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, October 4th. Berenberg Bank reduced their target price on shares of Exxon Mobil from $73.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, October 7th. Finally, Barclays initiated coverage on shares of Exxon Mobil in a report on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $80.52.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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