Exxon Mobil Co. (XOM) Stake Lessened by Perennial Advisors LLC
Perennial Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 10.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,841 shares of the oil and gas company’s stock after selling 1,514 shares during the period. Perennial Advisors LLC’s holdings in Exxon Mobil were worth $1,053,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. increased its position in shares of Exxon Mobil by 31.9% in the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after purchasing an additional 257,727 shares during the last quarter. Baldwin Brothers Inc. MA increased its position in shares of Exxon Mobil by 14.4% in the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock worth $8,472,000 after purchasing an additional 13,206 shares during the last quarter. Compass Capital Management Inc. increased its position in shares of Exxon Mobil by 1.5% in the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock worth $1,071,000 after purchasing an additional 199 shares during the last quarter. Perkins Coie Trust Co increased its position in shares of Exxon Mobil by 47.6% in the second quarter. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company’s stock worth $790,000 after purchasing an additional 3,154 shares during the last quarter. Finally, Mizuho Securities USA LLC bought a new position in shares of Exxon Mobil in the third quarter worth approximately $1,255,000. 51.06% of the stock is currently owned by hedge funds and other institutional investors.
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 sale, the vice president now owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,357 shares of company stock valued at $4,273,910. Insiders own 0.08% of the company’s stock.
A number of research analysts have commented on the stock. HSBC set a $80.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Thursday. Vetr upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday. Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, January 11th. BNP Paribas set a $70.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Monday, September 25th. Finally, BMO Capital Markets increased their price target on shares of Exxon Mobil to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, January 10th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and an average target price of $86.52.
Shares of Exxon Mobil Co. (XOM) opened at $87.43 on Friday. The firm has a market capitalization of $370,450.00, a P/E ratio of 28.48, a PEG ratio of 1.35 and a beta of 0.82. Exxon Mobil Co. has a 52 week low of $76.05 and a 52 week high of $88.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter in the prior year, the firm posted $0.63 earnings per share. sell-side analysts forecast that Exxon Mobil Co. will post 3.68 EPS for the current year.
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Exxon Mobil Company 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.
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