Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 3.3% during the third quarter, Holdings Channel reports. The institutional investor owned 123,644 shares of the company’s stock after selling 4,174 shares during the period. Exxon Mobil Corporation comprises about 8.4% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Exxon Mobil Corporation were worth $10,791,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Exxon Mobil Corporation by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the period. Tuttle Tactical Management LLC bought a new position in shares of Exxon Mobil Corporation during the second quarter valued at about $125,000. Cantab Capital Partners LLP bought a new position in shares of Exxon Mobil Corporation during the second quarter valued at about $183,000. NCM Capital Management Group Inc. boosted its position in shares of Exxon Mobil Corporation by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock valued at $185,000 after buying an additional 450 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Exxon Mobil Corporation 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. 49.95% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) opened at 86.34 on Friday. Exxon Mobil Corporation has a one year low of $71.55 and a one year high of $95.55. The stock has a market cap of $358.03 billion, a price-to-earnings ratio of 40.42 and a beta of 0.89. The firm’s 50 day moving average price is $88.97 and its 200 day moving average price is $88.15.

Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corporation had a net margin of 3.98% and a return on equity of 5.04%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. Equities analysts forecast that Exxon Mobil Corporation will post $2.19 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of U.S. and international copyright & trademark legislation. The legal version of this story can be viewed at http://www.dailypolitical.com/2017/01/13/carlton-hofferkamp-jenks-wealth-management-llc-has-10791000-stake-in-exxon-mobil-corporation-xom.html.

XOM has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) cut Exxon Mobil Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $98.00 to $93.00 in a report on Monday, October 31st. HSBC set a $85.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Tuesday, November 8th. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $90.07 price target for the company in a report on Monday, November 28th. J P Morgan Chase & Co set a $94.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Monday. Finally, Bank of America Corporation set a $100.00 price target on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Monday, October 10th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $87.25.

In related news, insider Sara N. Ortwein sold 5,000 shares of Exxon Mobil Corporation stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $90.88, for a total transaction of $454,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dennis G. Wascom sold 4,400 shares of Exxon Mobil Corporation stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $92.00, for a total transaction of $404,800.00. Following the transaction, the vice president now owns 183,765 shares in the company, valued at approximately $16,906,380. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Exxon Mobil Corporation 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.

5 Day Chart for NYSE:XOM

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM).

Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.