BlackRock Group LTD boosted its stake in Exxon Mobil Corp. (NYSE:XOM) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,632,830 shares of the company’s stock after buying an additional 759,438 shares during the period. Exxon Mobil Corp. accounts for 1.6% of BlackRock Group LTD’s portfolio, making the stock its 3rd largest position. BlackRock Group LTD owned about 0.83% of Exxon Mobil Corp. worth $2,894,959,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthTrust Axiom LLC increased its position in shares of Exxon Mobil Corp. by 3.1% in the fourth quarter. WealthTrust Axiom LLC now owns 25,318 shares of the company’s stock valued at $1,973,000 after buying an additional 754 shares during the period. Strategic Advisors LLC increased its position in shares of Exxon Mobil Corp. by 653.5% in the fourth quarter. Strategic Advisors LLC now owns 29,153 shares of the company’s stock valued at $2,272,000 after buying an additional 25,284 shares during the period. Pinnacle Financial Partners Inc. increased its position in shares of Exxon Mobil Corp. by 3.9% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 87,762 shares of the company’s stock valued at $6,841,000 after buying an additional 3,283 shares during the period. Punch & Associates Investment Management Inc. increased its position in shares of Exxon Mobil Corp. by 14.1% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 49,524 shares of the company’s stock valued at $3,860,000 after buying an additional 6,103 shares during the period. Finally, Torch Wealth Management LLC increased its position in shares of Exxon Mobil Corp. by 0.5% in the fourth quarter. Torch Wealth Management LLC now owns 37,462 shares of the company’s stock valued at $2,920,000 after buying an additional 201 shares during the period.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.73% on Tuesday, reaching $91.53. 12,143,539 shares of the company traded hands. The firm has a 50-day moving average price of $92.35 and a 200 day moving average price of $85.81. Exxon Mobil Corp. has a one year low of $66.55 and a one year high of $95.55. The company has a market capitalization of $379.54 billion and a PE ratio of 29.48.
Several analysts have issued reports on XOM shares. HSBC set a $88.50 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Barclays PLC set a $102.00 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. set a $102.00 price target on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Thursday, July 14th. Zacks Investment Research upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. set a $95.00 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Monday, July 11th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. Exxon Mobil Corp. currently has a consensus rating of “Hold” and a consensus price target of $86.98.
In related news, VP Bradley W. Corson sold 6,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $90.81, for a total value of $544,860.00. Following the sale, the vice president now directly owns 208,033 shares in the company, valued at approximately $18,891,476.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $89.00, for a total value of $1,068,000.00. Following the completion of the sale, the vice president now owns 230,299 shares in the company, valued at $20,496,611. The disclosure for this sale can be found here.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
