Unigestion Holding SA bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,389,745 shares of the oil and gas company’s stock, valued at approximately $114,974,000. Exxon Mobil makes up about 2.3% of Unigestion Holding SA’s holdings, making the stock its biggest position.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Exxon Mobil by 1.2% during the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after buying an additional 2,982,610 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock valued at $2,281,575,000 after purchasing an additional 1,200,678 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Exxon Mobil by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock valued at $1,778,179,000 after purchasing an additional 1,116,450 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Exxon Mobil by 43.0% in the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after purchasing an additional 5,440,412 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Exxon Mobil by 3.0% in the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock valued at $980,635,000 after purchasing an additional 376,686 shares in the last quarter. 52.48% of the stock is owned by institutional investors.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the transaction, the vice president now 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 this hyperlink. Insiders own 0.08% of the company’s stock.
Exxon Mobil stock opened at $81.38 on Friday. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $360.27 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 26.6% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 4.6 earnings per share for the current fiscal year.
A number of research analysts recently commented on XOM shares. Macquarie reaffirmed a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 10th. Morningstar set a $90.00 price target on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 10th. BNP Paribas set a $85.00 price target on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, August 28th. Finally, Societe Generale reaffirmed a “buy” rating and issued a $87.00 price target on shares of Exxon Mobil in a research note on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $87.08.
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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