Todays Report: The Exxonmobil Investment Management Inc. TX Sold shares of Oracle Corp. (ORCL)

The Exxonmobil Investment Management Inc. TX Sold shares of Oracle Corp. (ORCL)

Exxonmobil Investment Management Inc. TX lowered its position in shares of Oracle Corp. (NYSE:ORCL) by 4.6% during the third quarter, Holdings Channel reports. The institutional investor owned 768,457 shares of the enterprise software provider’s stock after selling 37,188 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Oracle Corp. were worth $30,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Camarda Financial Advisors LLC boosted its position in Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 215 shares during the period. Cribstone Capital Management LLC purchased a new position in Oracle Corp. during the second quarter valued at $102,000. WESPAC Advisors SoCal LLC boosted its position in Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock valued at $119,000 after buying an additional 500 shares during the period. FCM Investments TX boosted its position in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares during the period. Hedge funds and other institutional investors own 57.68% of the company’s stock.

Oracle Corp. (NYSE:ORCL) traded up 0.42% during midday trading on Friday, reaching $40.27. 4,013,115 shares of the company’s stock were exchanged. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The firm’s 50 day moving average is $38.83 and its 200 day moving average is $39.89. The firm has a market capitalization of $165.33 billion, a price-to-earnings ratio of 19.13 and a beta of 1.19.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company had revenue of $8.60 billion for the quarter. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current year.

Several research analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $52.00 price target on shares of Oracle Corp. in a report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price objective on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. SunTrust Banks Inc. set a $48.00 price objective on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Saturday, September 17th. reaffirmed an “underperform” rating and issued a $42.00 price objective on shares of Oracle Corp. in a research report on Tuesday, November 8th. Finally, Societe Generale set a $46.00 price objective on shares of Oracle Corp. and gave the stock a “buy” rating in a research report on Monday, September 19th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $43.79.

In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $38.42, for a total value of $144,075.00. Following the sale, the director now owns 8,281 shares in the company, valued at approximately $318,156.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares in the company, valued at approximately $990,250. The disclosure for this sale can be found here. Insiders own 29.00% of the company’s stock.

Oracle Corp. Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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