Forte Capital LLC ADV lessened its position in Exxon Mobil Co. (NYSE:XOM) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,509 shares of the oil and gas company’s stock after selling 2,913 shares during the period. Forte Capital LLC ADV’s holdings in Exxon Mobil were worth $1,640,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Nuveen Asset Management LLC grew its position in shares of Exxon Mobil by 5,514.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after acquiring an additional 22,268,191 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after buying an additional 2,953,857 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Exxon Mobil by 22.2% during the 3rd quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after buying an additional 1,902,091 shares during the period. BlackRock Inc. boosted its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after buying an additional 1,069,038 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Exxon Mobil by 17.2% during the 3rd quarter. Fisher Asset Management LLC now owns 6,600,585 shares of the oil and gas company’s stock worth $466,067,000 after buying an additional 969,474 shares during the period. 54.51% of the stock is owned by institutional investors.
In related news, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the completion of the transaction, the vice president now directly owns 211,289 shares in the company, valued at approximately $14,422,587.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total transaction of $668,338.65. 0.05% of the stock is currently owned by insiders.
Shares of NYSE:XOM traded down $0.45 during midday trading on Friday, hitting $69.31. The stock had a trading volume of 6,842,734 shares, compared to its average volume of 13,346,069. The company’s 50-day moving average price is $69.50 and its 200-day moving average price is $70.97. The company has a market capitalization of $292.92 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $66.31 and a fifty-two week high of $83.49.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Research analysts expect that Exxon Mobil Co. will post 2.42 EPS for the current fiscal year.
XOM has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $75.00 target price on shares of Exxon Mobil in a report on Monday. Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. set a $76.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley dropped their price objective on shares of 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, Berenberg Bank reiterated a “neutral” rating and issued a $63.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus price target of $78.33.
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 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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