Navellier & Associates Inc reduced its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 33,998 shares of the company’s stock after selling 1,927 shares during the period. Navellier & Associates Inc’s holdings in Exxon Mobil Corp. were worth $3,187,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC raised its stake in shares of Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the last quarter. Proficio Capital Partners LLC raised its position in Exxon Mobil Corp. by 189.9% in the second quarter. Proficio Capital Partners LLC now owns 2,215 shares of the company’s stock worth $200,000 after buying an additional 1,451 shares in the last quarter. Investment House LLC acquired a new position in Exxon Mobil Corp. during the second quarter worth $206,000. Banced Corp raised its position in Exxon Mobil Corp. by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock worth $210,000 after buying an additional 197 shares in the last quarter. Finally, Provident Trust Co. acquired a new position in Exxon Mobil Corp. during the second quarter worth $210,000. 50.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.01% on Tuesday, reaching $86.53. 1,627,990 shares of the company were exchanged. The stock has a market capitalization of $358.81 billion, a price-to-earnings ratio of 34.36 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 $86.18 and its 200 day moving average price is $88.45.
Exxon Mobil Corp. (NYSE:XOM) last posted its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The business had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. Equities research analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current year.
A number of research analysts recently weighed in on the stock. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. HSBC set a $88.50 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 13th. BNP Paribas set a $80.00 price objective on shares of Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Tuesday, October 11th. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price objective for the company in a research note on Monday, June 27th. Finally, Credit Agricole SA restated a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Exxon Mobil Corp. has a consensus rating of “Hold” and a consensus price target of $87.77.
In other news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the transaction, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.
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.