Front Barnett Associates LLC Has $2,971,000 Stake in Exxon Mobil Corp. (XOM)
Front Barnett Associates LLC held its position in Exxon Mobil Corp. (NYSE:XOM) during the second quarter, Holdings Channel reports. The institutional investor owned 31,697 shares of the company’s stock at the end of the second quarter. Front Barnett Associates LLC’s holdings in Exxon Mobil Corp. were worth $2,971,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in XOM. Acadian Asset Management LLC raised its stake in Exxon Mobil Corp. by 4,948.6% in the second quarter. Acadian Asset Management LLC now owns 3,736,088 shares of the company’s stock valued at $350,220,000 after buying an additional 3,662,086 shares during the period. USS Investment Management Ltd purchased a new stake in Exxon Mobil Corp. during the second quarter valued at about $142,946,000. BlackRock Institutional Trust Company N.A. raised its stake in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock valued at $9,286,480,000 after buying an additional 1,455,454 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Exxon Mobil Corp. by 53.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 4,140,000 shares of the company’s stock valued at $388,084,000 after buying an additional 1,450,000 shares during the period. Finally, Virginia Retirement System purchased a new stake in Exxon Mobil Corp. during the first quarter valued at about $120,470,000. Institutional investors and hedge funds own 50.45% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.01% during mid-day trading on Tuesday, hitting $86.53. The stock had a trading volume of 1,627,990 shares. 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 12-month low of $71.55 and a 12-month high of $95.55. The stock has a market cap of $358.81 billion, a price-to-earnings ratio of 34.36 and a beta of 0.83.
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. Equities analysts forecast that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on XOM shares. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 target price for the company in a report on Monday, June 27th. HSBC set a $86.00 target price on shares of Exxon Mobil Corp. and gave the stock 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 shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. set a $95.00 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Monday, July 11th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.77.
In other Exxon Mobil Corp. 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 value of $1,218,270.15. Following the completion of the sale, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is 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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