Exxon Mobil Corp. (XOM) Stake Boosted by River & Mercantile Asset Management LLP
River & Mercantile Asset Management LLP increased its position in Exxon Mobil Corp. (NYSE:XOM) by 79.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,088 shares of the company’s stock after buying an additional 28,800 shares during the period. Exxon Mobil Corp. comprises approximately 2.6% of River & Mercantile Asset Management LLP’s portfolio, making the stock its 6th largest position. River & Mercantile Asset Management LLP’s holdings in Exxon Mobil Corp. were worth $6,101,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in XOM. ELM Advisors LLC acquired a new stake in Exxon Mobil Corp. during the second quarter worth $299,000. Somerset Trust Co increased its stake in Exxon Mobil Corp. by 12.7% in the second quarter. Somerset Trust Co now owns 45,563 shares of the company’s stock worth $4,271,000 after buying an additional 5,128 shares during the period. Foothills Asset Management Ltd. acquired a new stake in Exxon Mobil Corp. during the second quarter worth $2,344,000. First United Bank Trust increased its stake in Exxon Mobil Corp. by 3.1% in the second quarter. First United Bank Trust now owns 24,516 shares of the company’s stock worth $2,298,000 after buying an additional 735 shares during the period. Finally, Fragasso Group Inc. increased its stake in Exxon Mobil Corp. by 0.4% in the second quarter. Fragasso Group Inc. now owns 22,422 shares of the company’s stock worth $2,101,000 after buying an additional 89 shares during the period. 50.42% of the stock is owned by institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded up 1.96% during trading on Monday, hitting $88.44. 10,060,038 shares of the company traded hands. The company has a market capitalization of $366.73 billion, a P/E ratio of 35.12 and a beta of 0.83. The stock has a 50 day moving average price of $86.29 and a 200 day moving average price of $88.38. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) 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 analyst estimates of $60.23 billion. During the same period in the previous year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.
A number of research firms recently weighed in on XOM. Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Exane BNP Paribas assumed coverage on shares of Exxon Mobil Corp. in a research note on Monday. They set an “underperform” rating and a $80.00 price target for the company. Barclays PLC restated an “equal weight” rating and set a $100.00 price objective on shares of Exxon Mobil Corp. in a report on Monday. HSBC set a $88.50 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Wednesday, July 13th. Finally, 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 report on Monday, June 27th. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $87.39.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the transaction, the vice president now directly owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
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.
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