Principal Financial Group Inc. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 4.6% during the third quarter, Holdings Channel reports. The institutional investor owned 8,401,052 shares of the oil and gas company’s stock after selling 402,129 shares during the period. Exxon Mobil accounts for approximately 0.7% of Principal Financial Group Inc.’s portfolio, making the stock its 17th biggest position. Principal Financial Group Inc.’s holdings in Exxon Mobil were worth $688,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shell Asset Management Co. boosted its position in 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 valued at $100,269,000 after buying an additional 257,727 shares during the last quarter. Baldwin Brothers Inc. MA boosted its position in 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 valued at $8,472,000 after buying an additional 13,206 shares during the last quarter. Compass Capital Management Inc. boosted its position in 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 valued at $1,071,000 after buying an additional 199 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in Exxon Mobil in the third quarter valued at approximately $1,255,000. Finally, Rockefeller Financial Services Inc. boosted its position in Exxon Mobil by 15.5% in the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock valued at $76,511,000 after buying an additional 125,501 shares during the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.

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 transaction, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now owns 187,663 shares in the company, valued at approximately $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 worth $4,273,910 in the last quarter. Insiders own 0.08% of the company’s stock.

A number of equities research analysts recently commented on the company. Morgan Stanley set a $90.00 target price on Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, January 24th. Credit Suisse Group set a $84.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Goldman Sachs Group set a $92.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, January 22nd. Zacks Investment Research lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Finally, Jefferies Group set a $90.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $87.06.

Exxon Mobil Co. (NYSE XOM) opened at $88.01 on Tuesday. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $89.30. The stock has a market capitalization of $372,910.00, a P/E ratio of 28.67, a PEG ratio of 1.27 and a beta of 0.82. 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 announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter last year, the firm posted $0.63 EPS. analysts expect that Exxon Mobil Co. will post 3.71 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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