US Bancorp DE lowered its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,647,646 shares of the oil and gas company's stock after selling 35,716 shares during the quarter. US Bancorp DE owned about 0.09% of Exxon Mobil worth $427,577,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Congress Asset Management Co. boosted its position in Exxon Mobil by 0.9% during the 3rd quarter. Congress Asset Management Co. now owns 948,796 shares of the oil and gas company's stock worth $111,218,000 after purchasing an additional 8,770 shares during the period. Petra Financial Advisors Inc. boosted its position in shares of Exxon Mobil by 90.0% in the third quarter. Petra Financial Advisors Inc. now owns 4,155 shares of the oil and gas company's stock worth $487,000 after buying an additional 1,968 shares during the period. HM Payson & Co. grew its stake in shares of Exxon Mobil by 1.7% in the third quarter. HM Payson & Co. now owns 342,571 shares of the oil and gas company's stock valued at $40,156,000 after buying an additional 5,737 shares in the last quarter. Sippican Capital Advisors raised its holdings in shares of Exxon Mobil by 1.0% during the 3rd quarter. Sippican Capital Advisors now owns 29,837 shares of the oil and gas company's stock valued at $3,497,000 after buying an additional 289 shares during the period. Finally, Oldfather Financial Services LLC lifted its position in Exxon Mobil by 2.8% during the 3rd quarter. Oldfather Financial Services LLC now owns 3,835 shares of the oil and gas company's stock worth $450,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Trading Down 1.5 %
Exxon Mobil stock opened at $114.98 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm's 50-day moving average is $117.67 and its 200-day moving average is $116.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a market cap of $453.35 billion, a P/E ratio of 13.75, a PEG ratio of 4.83 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 8.05 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Evercore ISI upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Monday, August 5th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $130.37.
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
Further Reading
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