3,890 Shares of ExxonMobil Corporation $XOM Acquired by William Mack & Associates Inc.

William Mack & Associates Inc. acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,890 shares of the oil and gas company’s stock, valued at approximately $633,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Financial Group LLC lifted its position in ExxonMobil by 135.8% during the 3rd quarter. Victory Financial Group LLC now owns 24,828 shares of the oil and gas company’s stock valued at $4,041,000 after acquiring an additional 14,297 shares during the period. Arrow Financial Corp grew its holdings in ExxonMobil by 0.6% in the third quarter. Arrow Financial Corp now owns 27,170 shares of the oil and gas company’s stock worth $4,422,000 after purchasing an additional 161 shares during the period. Willow Creek Wealth Management Inc. purchased a new stake in ExxonMobil in the third quarter worth about $609,000. Great Lakes Retirement Inc. bought a new position in shares of ExxonMobil during the third quarter valued at approximately $2,853,000. Finally, Generali Asset Management SPA SGR increased its stake in shares of ExxonMobil by 10.4% during the third quarter. Generali Asset Management SPA SGR now owns 91,684 shares of the oil and gas company’s stock valued at $14,922,000 after purchasing an additional 8,659 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Citigroup reissued a “neutral” rating and issued a $175.00 price target (up from $150.00) on shares of ExxonMobil in a research report on Wednesday, July 8th. Argus upped their price target on ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Wall Street Zen raised ExxonMobil from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Finally, William Blair began coverage on ExxonMobil in a research report on Wednesday. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil Price Performance

XOM opened at $183.15 on Friday. The firm has a market cap of $759.15 billion, a PE ratio of 23.57, a P/E/G ratio of 0.91 and a beta of 0.21. The stock has a 50-day moving average price of $167.35 and a 200-day moving average price of $154.04. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $184.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company posted $1.64 earnings per share. Sell-side analysts predict that ExxonMobil Corporation will post 13.61 earnings per share for the current fiscal year.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.