KBC Group NV increased its position in Exxon Mobil Corp. (NYSE:XOM) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,739,241 shares of the company’s stock after buying an additional 131,974 shares during the period. Exxon Mobil Corp. accounts for approximately 2.3% of KBC Group NV’s investment portfolio, making the stock its largest position. KBC Group NV’s holdings in Exxon Mobil Corp. were worth $163,037,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC boosted its stake in 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 period. Investment House LLC acquired a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $206,000. Proficio Capital Partners LLC boosted its stake 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 valued at $200,000 after buying an additional 1,451 shares during the period. Provident Trust Co. acquired a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $210,000. Finally, DT Investment Partners LLC acquired a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 50.45% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.01% on Tuesday, hitting $86.53. The stock had a trading volume of 1,627,990 shares. The firm has a market cap of $358.81 billion, a P/E ratio of 34.36 and a beta of 0.83. The firm’s 50-day moving average price is $86.18 and its 200-day moving average price is $88.45. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The firm earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter in the prior year, the business posted $1.00 EPS. Exxon Mobil Corp.’s revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.
Several analysts have commented on XOM shares. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price target for the company in a report on Monday, June 27th. HSBC set a $86.00 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, June 28th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, June 30th. Zacks Investment Research upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. set a $95.00 target price on Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Monday, July 11th. Eight equities research 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. The company presently has a consensus rating of “Hold” and a consensus price target of $87.77.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the transaction, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.
Exxon Mobil Corp. Company Profile