Strs Ohio Sells 117,462 Shares of Exxon Mobil Co. (NYSE:XOM)
Strs Ohio reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,668,121 shares of the oil and gas company’s stock after selling 117,462 shares during the quarter. Exxon Mobil comprises 0.8% of Strs Ohio’s holdings, making the stock its 16th biggest position. Strs Ohio owned 0.06% of Exxon Mobil worth $188,396,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in XOM. Massey Quick Simon & CO. LLC increased its stake in shares of Exxon Mobil by 121.2% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $26,000. Asset Planning Services Ltd. increased its stake in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. Evolution Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $45,000. Finally, Arlington Partners LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $45,000. 54.41% of the stock is owned by hedge funds and other institutional investors.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The business’s revenue was down 6.0% on a year-over-year basis. As a group, analysts anticipate that Exxon Mobil Co. will post 2.66 earnings per share for the current fiscal year.
A number of analysts have recently commented on XOM shares. BMO Capital Markets assumed coverage on Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target for the company. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “hold” rating in a research note on Sunday, August 4th. Barclays assumed coverage on Exxon Mobil in a research note on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price for the company. Morgan Stanley lowered their target price on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. Finally, Independent Research set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $80.04.
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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