Affiance Financial LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,847 shares of the oil and gas company’s stock after selling 2,210 shares during the quarter. Affiance Financial LLC’s holdings in Exxon Mobil were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. E&G Advisors LP grew its position in shares of Exxon Mobil by 5.2% during the third quarter. E&G Advisors LP now owns 16,425 shares of the oil and gas company’s stock worth $1,160,000 after buying an additional 815 shares in the last quarter. Country Trust Bank acquired a new stake in shares of Exxon Mobil during the third quarter worth approximately $15,338,000. First PREMIER Bank grew its position in shares of Exxon Mobil by 9.9% during the third quarter. First PREMIER Bank now owns 3,077 shares of the oil and gas company’s stock worth $217,000 after buying an additional 277 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Exxon Mobil by 10.7% during the third quarter. Pacer Advisors Inc. now owns 507,231 shares of the oil and gas company’s stock worth $35,816,000 after buying an additional 49,033 shares in the last quarter. Finally, We Are One Seven LLC grew its position in shares of Exxon Mobil by 14.7% during the third quarter. We Are One Seven LLC now owns 35,361 shares of the oil and gas company’s stock worth $2,497,000 after buying an additional 4,532 shares in the last quarter. 54.42% of the stock is owned by institutional investors and hedge funds.
XOM stock traded up $0.84 during mid-day trading on Friday, reaching $69.09. The company had a trading volume of 1,646,190 shares, compared to its average volume of 11,267,818. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $282.21 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.00 and a beta of 0.99. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $84.17. The stock’s 50-day simple moving average is $70.05 and its two-hundred day simple moving average is $74.71.
XOM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday, October 4th. BMO Capital Markets assumed coverage on shares of Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target for the company. Barclays assumed coverage on Exxon Mobil in a research note on Monday, August 19th. They set an “equal weight” rating and a $73.00 price objective on the stock. Independent Research set a $74.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Berenberg Bank reduced their price objective on Exxon Mobil from $73.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. Exxon Mobil has an average rating of “Hold” and an average target price of $80.52.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the sale, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company’s stock.
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 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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