QV Investors Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,901 shares of the oil and gas company’s stock after buying an additional 17,810 shares during the period. Exxon Mobil comprises about 2.1% of QV Investors Inc.’s holdings, making the stock its 22nd largest position. QV Investors Inc.’s holdings in Exxon Mobil were worth $19,847,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in XOM. Macroview Investment Management LLC purchased a new position in Exxon Mobil in the 1st quarter valued at about $102,000. Corbyn Investment Management Inc. MD purchased a new position in Exxon Mobil in the 1st quarter valued at about $110,000. KHP Capital LLC purchased a new position in Exxon Mobil in the 1st quarter valued at about $111,000. Clearwater Capital Advisors LLC purchased a new position in Exxon Mobil in the 1st quarter valued at about $122,000. Finally, Trilogy Capital Inc. purchased a new position in Exxon Mobil in the 1st quarter valued at about $149,000. Institutional investors and hedge funds own 52.48% of the company’s stock.
A number of research firms have issued reports on XOM. Royal Bank of Canada restated a “buy” rating and issued a $105.00 target price on shares of Exxon Mobil in a report on Wednesday, August 8th. Jefferies Financial Group reaffirmed a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a research note on Friday, September 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Barclays upped their price objective on shares of Exxon Mobil from $84.00 to $87.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Finally, Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Monday, August 6th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average price target of $87.08.
In related news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
XOM opened at $81.38 on Friday. The company has a market cap of $360.27 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51.
Exxon Mobil (NYSE:XOM) last posted 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). The business had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. On average, analysts expect that Exxon Mobil Co. will post 4.6 earnings per share for the current year.
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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