Plato Investment Management Ltd Purchases 689 Shares of Exxon Mobil Corporation $XOM

Plato Investment Management Ltd increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the second quarter, HoldingsChannel reports. The fund owned 75,056 shares of the oil and gas company’s stock after buying an additional 689 shares during the quarter. Exxon Mobil comprises about 0.6% of Plato Investment Management Ltd’s portfolio, making the stock its 27th largest holding. Plato Investment Management Ltd’s holdings in Exxon Mobil were worth $8,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Longbow Finance SA lifted its stake in shares of Exxon Mobil by 101.1% in the second quarter. Longbow Finance SA now owns 261,418 shares of the oil and gas company’s stock worth $28,181,000 after acquiring an additional 131,418 shares during the period. Beam Wealth Advisors Inc. increased its position in Exxon Mobil by 6.9% during the 2nd quarter. Beam Wealth Advisors Inc. now owns 27,138 shares of the oil and gas company’s stock valued at $2,925,000 after purchasing an additional 1,754 shares during the period. Aviance Capital Partners LLC raised its holdings in Exxon Mobil by 1.3% during the 2nd quarter. Aviance Capital Partners LLC now owns 66,619 shares of the oil and gas company’s stock worth $7,182,000 after purchasing an additional 826 shares during the last quarter. Kesler Norman & Wride LLC lifted its position in shares of Exxon Mobil by 2.4% in the 2nd quarter. Kesler Norman & Wride LLC now owns 33,785 shares of the oil and gas company’s stock worth $3,642,000 after purchasing an additional 796 shares during the period. Finally, Uniting Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 1.2% in the 2nd quarter. Uniting Wealth Partners LLC now owns 44,912 shares of the oil and gas company’s stock valued at $4,842,000 after purchasing an additional 513 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.2%

Shares of NYSE:XOM opened at $114.52 on Friday. The company has a market capitalization of $488.21 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business’s 50-day moving average is $113.26 and its 200-day moving average is $109.99. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Bank of America upped their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research note on Tuesday, October 7th. Finally, Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.00.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.