Dubuque Bank & Trust Co. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 15.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,979 shares of the oil and gas company’s stock after buying an additional 9,281 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Exxon Mobil were worth $5,872,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. First Eagle Investment Management LLC grew its stake in shares of Exxon Mobil by 43.0% during the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after purchasing an additional 5,440,412 shares during the period. Eaton Vance Management grew its stake in shares of Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after purchasing an additional 3,136,452 shares during the period. BlackRock Inc. grew its stake in shares of Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after purchasing an additional 2,982,610 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Exxon Mobil by 224.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock valued at $281,452,000 after purchasing an additional 2,609,710 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Exxon Mobil by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock valued at $4,642,701,000 after purchasing an additional 2,474,965 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.
In related news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.
A number of equities research analysts have issued reports on the company. Societe Generale set a $92.00 price target on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, September 26th. Wells Fargo & Co reiterated a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a research note on Wednesday, September 26th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Thursday, October 4th. Credit Suisse Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Exxon Mobil in a research note on Tuesday, October 2nd. Finally, Jefferies Financial Group reiterated a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a research note on Friday, September 28th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $87.08.
Shares of XOM traded up $0.12 during mid-day trading on Friday, hitting $81.97. 11,689,700 shares of the stock were exchanged, compared to its average volume of 12,975,720. The stock has a market capitalization of $345.35 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.87. Exxon Mobil Co. has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 4.57 earnings per share for the current year.
Exxon Mobil Profile
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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