Lyell Wealth Management LP Has $1.72 Million Stake in Exxon Mobil Co. (XOM)

Lyell Wealth Management LP decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,941 shares of the oil and gas company’s stock after selling 1,866 shares during the period. Lyell Wealth Management LP’s holdings in Exxon Mobil were worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in XOM. CWH Capital Management Inc. acquired a new stake in Exxon Mobil in the second quarter worth about $114,000. Horan Securities Inc. raised its stake in shares of Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management purchased a new position in shares of Exxon Mobil in the third quarter worth about $172,000. Institutional investors and hedge funds own 51.06% of the company’s stock.

Several brokerages recently weighed in on XOM. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Saturday. Wells Fargo & Co set a $88.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, January 11th. BMO Capital Markets boosted their price objective on Exxon Mobil to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, January 8th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $86.78.

In other news, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the transaction, the vice president now directly owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 over the last ninety days. 0.08% of the stock is owned by insiders.

Shares of Exxon Mobil Co. (XOM) opened at $86.97 on Wednesday. Exxon Mobil Co. has a 1 year low of $76.05 and a 1 year high of $87.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market capitalization of $368,500.00, a PE ratio of 28.33, a P/E/G ratio of 1.37 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the firm earned $0.63 EPS. research analysts anticipate that Exxon Mobil Co. will post 3.68 earnings per share for the current year.

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Exxon Mobil Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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