Welch Group LLC Has $16,194,000 Position in Exxon Mobil Corporation (XOM)
Welch Group LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 185,538 shares of the company’s stock after buying an additional 1,779 shares during the period. Exxon Mobil Corporation accounts for approximately 3.2% of Welch Group LLC’s investment portfolio, making the stock its 2nd largest position. Welch Group LLC’s holdings in Exxon Mobil Corporation were worth $16,194,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of XOM. Banced Corp increased its stake in shares of Exxon Mobil Corporation by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock valued at $210,000 after buying an additional 197 shares during the last quarter. ELM Advisors LLC acquired a new stake in shares of Exxon Mobil Corporation during the second quarter valued at $299,000. River & Mercantile Asset Management LLP increased its stake in shares of Exxon Mobil Corporation by 79.4% in the second quarter. River & Mercantile Asset Management LLP now owns 65,088 shares of the company’s stock valued at $6,101,000 after buying an additional 28,800 shares during the last quarter. Naples Global Advisors LLC increased its stake in shares of Exxon Mobil Corporation by 7.1% in the second quarter. Naples Global Advisors LLC now owns 8,968 shares of the company’s stock valued at $841,000 after buying an additional 596 shares during the last quarter. Finally, Ronna Sue Cohen increased its stake in shares of Exxon Mobil Corporation by 0.4% in the second quarter. Ronna Sue Cohen now owns 8,966 shares of the company’s stock valued at $840,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 49.95% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 86.34 on Friday. Exxon Mobil Corporation has a 1-year low of $71.55 and a 1-year high of $95.55. The firm’s 50-day moving average price is $88.97 and its 200 day moving average price is $88.15. The stock has a market capitalization of $358.03 billion, a price-to-earnings ratio of 40.42 and a beta of 0.89.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corporation had a return on equity of 5.04% and a net margin of 3.98%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post $2.19 earnings per share for the current fiscal year.
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XOM has been the topic of several research reports. HSBC set a $91.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Exane BNP Paribas initiated coverage on Exxon Mobil Corporation in a report on Monday, October 10th. They set an “underperform” rating and a $80.00 price objective on the stock. Credit Suisse Group set a $74.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Friday, October 14th. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Monday, December 26th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Exxon Mobil Corporation in a report on Sunday, October 23rd. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.25.
In other news, VP Bryan W. Milton sold 10,952 shares of the stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $87.42, for a total transaction of $957,423.84. Following the completion of the sale, the vice president now owns 176,330 shares in the company, valued at $15,414,768.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James M. Spellings, Jr. sold 15,678 shares of the stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $87.69, for a total transaction of $1,374,803.82. Following the sale, the insider now owns 200,500 shares of the company’s stock, valued at approximately $17,581,845. The disclosure for this sale can be found here. Company 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.
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