Cape ANN Savings Bank acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,671 shares of the oil and gas company’s stock, valued at approximately $1,449,000. Exxon Mobil accounts for about 1.8% of Cape ANN Savings Bank’s portfolio, making the stock its 18th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Macroview Investment Management LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $102,000. Corbyn Investment Management Inc. MD purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $110,000. KHP Capital LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $111,000. Clearwater Capital Advisors LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $122,000. Finally, Winfield Associates Inc. purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $160,000. 52.48% of the stock is owned by hedge funds and other institutional investors.

Shares of XOM opened at $81.38 on Friday. The firm has a market capitalization of $360.27 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 4.6 earnings per share for the current fiscal year.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

A number of brokerages recently commented on XOM. HSBC reiterated a “buy” rating and set a $93.50 price target on shares of Exxon Mobil in a report on Monday, July 16th. Societe Generale set a $92.00 price target on Exxon Mobil and gave the stock a “buy” rating in a report on Monday, August 6th. Credit Suisse Group reiterated a “neutral” rating and set a $80.00 price target on shares of Exxon Mobil in a report on Tuesday, October 2nd. Macquarie reiterated a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a report on Thursday, August 30th. Finally, Jefferies Financial Group set a $87.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, September 14th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $87.08.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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