Viking Fund Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,000 shares of the oil and gas company’s stock after buying an additional 4,000 shares during the period. Exxon Mobil makes up 3.0% of Viking Fund Management LLC’s portfolio, making the stock its 2nd biggest position. Viking Fund Management LLC’s holdings in Exxon Mobil were worth $10,816,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in XOM. Marquette Asset Management LLC raised its position in Exxon Mobil by 35.0% in the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Arlington Partners LLC acquired a new stake in Exxon Mobil during the 3rd quarter worth about $45,000. Quantum Capital Management purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $48,000. KCS Wealth Advisory purchased a new stake in shares of Exxon Mobil in the third quarter valued at $62,000. Finally, Bourgeon Capital Management LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth about $69,000. 54.51% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. 0.05% of the stock is currently owned by company insiders.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The company had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on XOM. Citigroup reduced their price target on shares of Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday. 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 report on Friday, October 4th. Credit Suisse Group reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Exxon Mobil in a research report on Thursday, January 9th. Berenberg Bank reiterated a “neutral” rating and issued a $67.00 price objective on shares of Exxon Mobil in a research note on Tuesday. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 target price on shares of Exxon Mobil in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.05.
Exxon Mobil Company 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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