Pennsylvania Trust Co Buys 444 Shares of Exxon Mobil Corp. (XOM)
Pennsylvania Trust Co raised its position in Exxon Mobil Corp. (NYSE:XOM) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 493,692 shares of the company’s stock after buying an additional 444 shares during the period. Exxon Mobil Corp. accounts for about 3.8% of Pennsylvania Trust Co’s portfolio, making the stock its largest position. Pennsylvania Trust Co’s holdings in Exxon Mobil Corp. were worth $46,279,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in XOM. Osborne Partners Capital Management LLC increased its position in shares of Exxon Mobil Corp. by 1.4% in the first quarter. Osborne Partners Capital Management LLC now owns 215,779 shares of the company’s stock worth $18,037,000 after buying an additional 2,940 shares during the period. Acadian Asset Management LLC increased its position in shares of Exxon Mobil Corp. by 66.3% in the first quarter. Acadian Asset Management LLC now owns 74,002 shares of the company’s stock worth $6,187,000 after buying an additional 29,512 shares during the period. Brookstone Capital Management boosted its stake in shares of Exxon Mobil Corp. by 11.8% in the first quarter. Brookstone Capital Management now owns 29,934 shares of the company’s stock worth $2,504,000 after buying an additional 3,150 shares in the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of Exxon Mobil Corp. by 75.4% in the first quarter. Berkshire Asset Management LLC PA now owns 144,620 shares of the company’s stock worth $12,089,000 after buying an additional 62,163 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of Exxon Mobil Corp. by 72.1% in the first quarter. Campbell Newman Asset Management Inc. now owns 207,658 shares of the company’s stock worth $17,358,000 after buying an additional 86,984 shares in the last quarter. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.79% during trading on Tuesday, hitting $87.74. 9,309,029 shares of the stock were exchanged. The stock has a 50 day moving average of $86.29 and a 200-day moving average of $88.38. The stock has a market cap of $363.83 billion, a P/E ratio of 34.85 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.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results 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. The business earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. Equities analysts expect that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on XOM shares. Exane BNP Paribas started coverage on Exxon Mobil Corp. in a report on Monday. They set an “underperform” rating and a $80.00 price objective for the company. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a report on Tuesday, September 13th. Wells Fargo & Co. restated a “buy” rating and set a $98.00 price objective (down previously from $108.50) on shares of Exxon Mobil Corp. in a report on Tuesday, September 20th. Morgan Stanley set a $95.00 price objective on Exxon Mobil Corp. and gave the stock a “sell” rating in a report on Monday, June 13th. Finally, Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Exxon Mobil Corp. has an average rating of “Hold” and an average price target of $87.54.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.
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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