Baystate Wealth Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.9% during the third quarter, Holdings Channel reports. The fund owned 10,604 shares of the oil and gas company’s stock after purchasing an additional 1,126 shares during the period. Baystate Wealth Management LLC’s holdings in Exxon Mobil were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Bernicke Wealth Management Ltd. increased its stake in Exxon Mobil by 9.3% in the second quarter. Bernicke Wealth Management Ltd. now owns 6,675 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 566 shares during the last quarter. Wills Financial Group Inc. lifted its stake in Exxon Mobil by 12.8% during the second quarter. Wills Financial Group Inc. now owns 25,512 shares of the oil and gas company’s stock worth $1,141,000 after purchasing an additional 2,885 shares during the last quarter. Loveless Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 1.7% in the 2nd quarter. Loveless Wealth Management LLC now owns 146,721 shares of the oil and gas company’s stock valued at $6,561,000 after purchasing an additional 2,450 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Exxon Mobil by 4.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,624,751 shares of the oil and gas company’s stock valued at $72,660,000 after purchasing an additional 73,172 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in shares of Exxon Mobil by 6.0% during the 2nd quarter. DNB Asset Management AS now owns 579,246 shares of the oil and gas company’s stock worth $25,904,000 after buying an additional 32,854 shares in the last quarter. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. Raymond James reiterated a “sell” rating on shares of Exxon Mobil in a research report on Friday, September 18th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, August 21st. MKM Partners started coverage on shares of Exxon Mobil in a research note on Wednesday, September 9th. They issued a “buy” rating and a $55.00 price objective for the company. Standpoint Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating in a research note on Friday, September 11th. Finally, Royal Bank of Canada upped their price target on shares of Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have issued a buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $50.25.

Shares of XOM stock opened at $34.10 on Friday. The stock has a market capitalization of $144.18 billion, a PE ratio of 20.30 and a beta of 1.26. The business’s 50 day simple moving average is $36.36 and its 200 day simple moving average is $42.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. Exxon Mobil Co. has a one year low of $30.11 and a one year high of $73.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. During the same quarter last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was down 52.8% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post -0.32 earnings per share for the current year.

Exxon Mobil Company 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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