Uncommon Cents Investing LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 62.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,004 shares of the oil and gas company’s stock after purchasing an additional 3,085 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Exxon Mobil were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Financial Advisory Service Inc. grew its holdings in shares of Exxon Mobil by 15.0% in the third 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 lifted its position in shares of Exxon Mobil by 8.8% during 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 buying an additional 2,368 shares in the last quarter. Arbor Investment Advisors LLC lifted its position in shares of 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 valued at $660,000 after buying an additional 5,294 shares in the last quarter. JGP Wealth Management LLC lifted its position in shares of Exxon Mobil by 1.9% during 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 buying an additional 1,294 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $3,693,000. 54.51% of the stock is currently owned by hedge funds and other institutional investors.
In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were 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 owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (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 firm had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. During the same quarter last year, the business earned $0.82 EPS. The business’s revenue was down 15.1% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 2.42 EPS for the current year.
A number of research firms have commented on XOM. JPMorgan Chase & Co. set a $76.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, January 6th. Credit Suisse Group restated 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 restated a “neutral” rating and set a $67.00 target price on shares of Exxon Mobil in a research note on Tuesday. Royal Bank of Canada reaffirmed a “hold” rating and issued a $75.00 target price on shares of Exxon Mobil in a report on Monday, January 6th. Finally, Goldman Sachs Group cut their price target on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $78.05.
About Exxon Mobil
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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