First Mercantile Trust Co. Increases Stake in Exxon Mobil Co. (XOM)
First Mercantile Trust Co. grew its position in Exxon Mobil Co. (NYSE:XOM) by 13.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,050 shares of the oil and gas company’s stock after purchasing an additional 950 shares during the period. First Mercantile Trust Co.’s holdings in Exxon Mobil were worth $666,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Macroview Investment Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth about $102,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Exxon Mobil in the first quarter worth about $110,000. KHP Capital LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth about $111,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth about $122,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the first quarter worth about $149,000. 52.48% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on XOM shares. BNP Paribas set a $85.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research report on Wednesday. HSBC reiterated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil in a research report on Wednesday. Zacks Investment Research downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $94.00 price target on shares of Exxon Mobil in a research report on Monday, October 8th. Finally, Societe Generale set a $92.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, October 8th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $87.08.
NYSE XOM opened at $81.85 on Friday. The company has a market capitalization of $360.27 billion, a PE ratio of 22.80, a PEG ratio of 1.48 and a beta of 0.86. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. On average, research analysts predict that Exxon Mobil Co. will post 4.6 earnings per share for the current fiscal year.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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