Morgan Dempsey Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the third quarter, HoldingsChannel.com reports. The firm owned 86,578 shares of the oil and gas company’s stock after buying an additional 2,890 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Exxon Mobil were worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. State Street Corp grew its position in Exxon Mobil by 2.1% in the first quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock valued at $7,840,960,000 after acquiring an additional 4,222,270 shares during the period. APG Asset Management N.V. boosted its stake in Exxon Mobil by 11.4% in the first quarter. APG Asset Management N.V. now owns 6,418,790 shares of the oil and gas company’s stock worth $243,721,000 after purchasing an additional 659,412 shares in the last quarter. Morgan Stanley boosted its stake in Exxon Mobil by 18.6% in the first quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after purchasing an additional 3,223,089 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Exxon Mobil by 21.7% in the first quarter. 1832 Asset Management L.P. now owns 13,804 shares of the oil and gas company’s stock worth $491,000 after purchasing an additional 2,457 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in Exxon Mobil in the second quarter worth $157,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

Shares of Exxon Mobil stock traded down $0.91 during trading hours on Wednesday, hitting $31.91. The company’s stock had a trading volume of 1,482,085 shares, compared to its average volume of 28,141,938. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $73.12. The stock has a 50 day moving average of $35.09 and a 200 day moving average of $41.78. The company has a market capitalization of $138.77 billion, a PE ratio of 19.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm’s quarterly revenue was down 52.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. Equities analysts expect that Exxon Mobil Co. will post -0.52 EPS for the current year.

A number of research firms have commented on XOM. Scotiabank raised Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price objective on the stock in a research note on Wednesday, September 23rd. Cowen reissued a “hold” rating and issued a $34.00 price objective on shares of Exxon Mobil in a research note on Thursday, July 2nd. Credit Suisse Group started coverage on Exxon Mobil in a research note on Tuesday, August 4th. They set a “hold” rating and a $47.00 price target on the stock. SunTrust Banks started coverage on Exxon Mobil in a research note on Thursday, July 23rd. They set a “hold” rating and a $41.00 price target on the stock. Finally, The Goldman Sachs Group raised Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price target for the company from $33.00 to $36.00 in a research note on Tuesday, October 13th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have issued a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $50.17.

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

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