Newman Dignan & Sheerar Inc. Purchases 2,366 Shares of Exxon Mobil Co. (NYSE:XOM)

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Newman Dignan & Sheerar Inc. grew its position in Exxon Mobil Co. (NYSE:XOM) by 11.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,251 shares of the oil and gas company’s stock after purchasing an additional 2,366 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Exxon Mobil were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of XOM. Financial Advisory Service Inc. increased its stake in Exxon Mobil by 15.0% during the 3rd quarter. Financial Advisory Service Inc. now owns 26,388 shares of the oil and gas company’s stock worth $1,863,000 after acquiring an additional 3,439 shares during the period. Independence Bank of Kentucky boosted its stake in shares of Exxon Mobil by 8.8% in the 3rd quarter. Independence Bank of Kentucky now owns 29,227 shares of the oil and gas company’s stock valued at $2,064,000 after purchasing an additional 2,368 shares in the last quarter. Arbor Investment Advisors LLC increased its position in Exxon Mobil by 130.7% during the 3rd quarter. Arbor Investment Advisors LLC now owns 9,344 shares of the oil and gas company’s stock worth $660,000 after purchasing an additional 5,294 shares in the last quarter. JGP Wealth Management LLC lifted its stake in Exxon Mobil by 1.9% in the 3rd quarter. JGP Wealth Management LLC now owns 70,795 shares of the oil and gas company’s stock valued at $4,754,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Mizuho Securities USA LLC acquired a new stake in Exxon Mobil in the third quarter valued at approximately $3,693,000. 54.51% of the stock is currently owned by institutional investors.

Shares of NYSE XOM opened at $69.09 on Thursday. The stock has a market cap of $292.79 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. Exxon Mobil Co. has a fifty-two week low of $66.31 and a fifty-two week high of $83.49. The firm’s 50-day simple moving average is $69.50 and its 200 day simple moving average is $70.74.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 2.42 EPS for the current year.

A number of research analysts have recently commented on the company. Piper Jaffray Companies initiated coverage on Exxon Mobil in a research note on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price target for the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $75.00 price target on shares of Exxon Mobil in a research note on Monday, January 6th. Morgan Stanley lowered their price objective on 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. Goldman Sachs Group reduced their target price on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. set a $76.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $78.05.

In related news, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the completion of the sale, the vice president now directly owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction on 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 owned by company insiders.

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.

Read More: How is a buy-side analyst different from a sell-side analyst?

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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