Pettee Investors Inc. Has $5.70 Million Stake in Exxon Mobil Co. (XOM)
Pettee Investors Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,552 shares of the oil and gas company’s stock after selling 800 shares during the period. Exxon Mobil makes up 3.7% of Pettee Investors Inc.’s portfolio, making the stock its 3rd biggest position. Pettee Investors Inc.’s holdings in Exxon Mobil were worth $5,702,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Shell Asset Management Co. raised its holdings in shares of Exxon Mobil by 31.9% during 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 acquiring an additional 257,727 shares in the last quarter. Baldwin Brothers Inc. MA increased its position in Exxon Mobil by 14.4% during 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 buying an additional 13,206 shares during the last quarter. Compass Capital Management Inc. increased its position in Exxon Mobil by 1.5% during 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 buying an additional 199 shares during the last quarter. Mizuho Securities USA LLC acquired a new position in Exxon Mobil during the third quarter worth $1,255,000. Finally, Rockefeller Financial Services Inc. increased its position in Exxon Mobil by 15.5% during the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock worth $76,511,000 after buying an additional 125,501 shares during the last quarter. Institutional investors own 51.12% of the company’s stock.
A number of research firms recently weighed in on XOM. Morgan Stanley set a $90.00 target price on Exxon Mobil and gave the stock a “sell” rating in a research report on Wednesday, January 24th. Credit Suisse Group set a $84.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Goldman Sachs Group set a $92.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Finally, Jefferies Group set a $90.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $87.06.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the prior year, the firm earned $0.63 EPS. equities analysts expect that Exxon Mobil Co. will post 3.71 earnings per share for the current year.
In related news, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the transaction, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the transaction, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The disclosure for this sale can be found here. In the last three months, insiders sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by insiders.
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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.
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