Schmidt P J Investment Management Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,300 shares of the oil and gas company’s stock after selling 1,294 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Exxon Mobil were worth $3,417,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XOM. HC Financial Advisors Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $1,137,000. APCM Wealth Management for Individuals purchased a new stake in Exxon Mobil during the fourth quarter valued at about $308,000. Banco de Sabadell S.A purchased a new stake in Exxon Mobil during the fourth quarter valued at about $1,750,000. Slow Capital Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $1,211,000. Finally, WealthPLAN Partners LLC boosted its position in Exxon Mobil by 4.1% during the fourth quarter. WealthPLAN Partners LLC now owns 111,063 shares of the oil and gas company’s stock valued at $9,289,000 after buying an additional 4,375 shares during the period. Institutional investors and hedge funds own 52.48% of the company’s stock.

In other news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Several analysts have issued reports on the stock. HSBC restated a “buy” rating and set a $93.50 price target on shares of Exxon Mobil in a research report on Monday, July 16th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Monday, August 6th. Credit Suisse Group restated a “neutral” rating and set a $80.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Macquarie restated a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a research report on Thursday, August 30th. Finally, Jefferies Financial Group set a $87.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, September 14th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $87.08.

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

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 4.6 earnings per share for the current year.

Exxon Mobil Profile

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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