Pinnacle Financial Partners Inc. Sells 50,048 Shares of Exxon Mobil Co. (NYSE:XOM)

Pinnacle Financial Partners Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 29.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 118,749 shares of the oil and gas company’s stock after selling 50,048 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Exxon Mobil were worth $4,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Donaldson Capital Management LLC boosted its position in shares of Exxon Mobil by 57.5% during the 4th quarter. Donaldson Capital Management LLC now owns 29,739 shares of the oil and gas company’s stock valued at $1,226,000 after acquiring an additional 10,861 shares during the last quarter. Kiltearn Partners LLP raised its holdings in Exxon Mobil by 8.7% during the 3rd quarter. Kiltearn Partners LLP now owns 2,010,525 shares of the oil and gas company’s stock valued at $69,021,000 after buying an additional 161,200 shares during the period. Garde Capital Inc. raised its holdings in Exxon Mobil by 10.6% during the 3rd quarter. Garde Capital Inc. now owns 38,968 shares of the oil and gas company’s stock valued at $1,338,000 after buying an additional 3,732 shares during the period. D. B. Root & Company LLC raised its holdings in Exxon Mobil by 2.2% during the 3rd quarter. D. B. Root & Company LLC now owns 31,384 shares of the oil and gas company’s stock valued at $1,077,000 after buying an additional 677 shares during the period. Finally, Coastal Investment Advisors Inc. raised its holdings in Exxon Mobil by 11.0% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 31,744 shares of the oil and gas company’s stock valued at $1,090,000 after buying an additional 3,156 shares during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.

Shares of XOM stock opened at $48.42 on Thursday. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $69.59. The stock’s 50-day moving average is $42.39 and its 200 day moving average is $39.63. The company has a market cap of $204.73 billion, a P/E ratio of 28.82 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 issued its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.07. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $48.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm’s revenue for the quarter was down 29.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post -0.52 EPS for the current year.

Several analysts recently weighed in on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Exxon Mobil from $33.00 to $39.00 in a report on Wednesday, December 9th. Raymond James restated a “sell” rating on shares of Exxon Mobil in a report on Friday, September 18th. Smith Barney Citigroup increased their price target on Exxon Mobil from $33.00 to $39.00 in a report on Wednesday, December 9th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a report on Saturday, December 19th. Finally, Morgan Stanley upgraded Exxon Mobil from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $49.00 to $57.00 in a report on Monday. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.96.

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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