The Moon Capital Management LLC Acquires 3 Shares of Exxon Mobil Corp. (XOM)

The Moon Capital Management LLC Acquires 3 Shares of Exxon Mobil Corp. (XOM)

Moon Capital Management LLC increased its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 13,132 shares of the company’s stock after buying an additional 3 shares during the period. Exxon Mobil Corp. comprises 1.5% of Moon Capital Management LLC’s holdings, making the stock its 24th largest position. Moon Capital Management LLC’s holdings in Exxon Mobil Corp. were worth $1,231,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in XOM. Edgar Lomax Co. VA increased its position in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares during the period. Gofen & Glossberg LLC IL increased its position in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock valued at $57,668,000 after buying an additional 1,572 shares during the period. Lodestar Investment Counsel LLC IL increased its position in Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock valued at $21,802,000 after buying an additional 8,293 shares during the period. British Columbia Investment Management Corp increased its position in Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock valued at $179,812,000 after buying an additional 9,739 shares during the period. Finally, Peddock Capital Advisors LLC increased its position in Exxon Mobil Corp. by 16.0% in the second quarter. Peddock Capital Advisors LLC now owns 834,564 shares of the company’s stock valued at $78,232,000 after buying an additional 115,015 shares during the period. Institutional investors and hedge funds own 50.42% of the company’s stock.

Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.65% during trading on Thursday, hitting $86.56. 9,890,258 shares of the stock traded hands. The company has a market cap of $358.93 billion, a price-to-earnings ratio of 34.38 and a beta of 0.83. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The firm’s 50-day moving average price is $86.27 and its 200-day moving average price is $88.37.

Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same period in the prior year, the company posted $1.00 earnings per share. The firm’s revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.

Several research firms have weighed in on XOM. Vetr downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 target price for the company. in a report on Wednesday, September 28th. HSBC set a $86.00 target price on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, June 28th. Societe Generale set a $105.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price target on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $102.00 price target on shares of Exxon Mobil Corp. in a research note on Thursday, July 28th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. Exxon Mobil Corp. has an average rating of “Hold” and an average price target of $87.92.

In other news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the sale, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

About Exxon Mobil Corp.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

Related posts

Leave a Comment