Exxon Mobil Corporation $XOM Stock Holdings Cut by Aljian Capital Management LLC

Aljian Capital Management LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,696 shares of the oil and gas company’s stock after selling 659 shares during the quarter. Aljian Capital Management LLC’s holdings in Exxon Mobil were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Nuveen LLC bought a new position in Exxon Mobil during the 1st quarter valued at $2,730,414,000. GQG Partners LLC boosted its stake in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $607,621,000. Ameriprise Financial Inc. boosted its stake in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after acquiring an additional 2,332,293 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $114.52 on Friday. The stock has a fifty day moving average of $113.26 and a 200-day moving average of $109.94. The firm has a market capitalization of $488.21 billion, a P/E ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XOM shares. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Wells Fargo & Company started coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Melius Research assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Finally, Mizuho reduced their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.