Gradient Investments LLC Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

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Gradient Investments LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,771 shares of the oil and gas company’s stock after purchasing an additional 18,358 shares during the period. Exxon Mobil comprises about 0.7% of Gradient Investments LLC’s portfolio, making the stock its 27th biggest position. Gradient Investments LLC’s holdings in Exxon Mobil were worth $14,638,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Kahn Brothers Group Inc. DE increased its stake in Exxon Mobil by 0.8% in the third quarter. Kahn Brothers Group Inc. DE now owns 19,120 shares of the oil and gas company’s stock valued at $1,350,000 after purchasing an additional 146 shares during the last quarter. Marquette Asset Management LLC boosted its holdings in shares of Exxon Mobil by 35.0% in the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 150 shares during the period. Atlas Capital Advisors LLC boosted its holdings in shares of Exxon Mobil by 17.5% in the third quarter. Atlas Capital Advisors LLC now owns 1,006 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 150 shares during the period. Unison Advisors LLC boosted its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. Unison Advisors LLC now owns 12,496 shares of the oil and gas company’s stock valued at $872,000 after acquiring an additional 154 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of Exxon Mobil by 3.4% in the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 4,869 shares of the oil and gas company’s stock valued at $344,000 after acquiring an additional 158 shares during the period. Institutional investors own 54.51% of the company’s stock.

Shares of NYSE XOM opened at $69.09 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. The stock has a fifty day moving average price of $69.50 and a 200 day moving average price of $70.74. Exxon Mobil Co. has a 1-year low of $66.31 and a 1-year high of $83.49. The company has a market cap of $292.54 billion, a PE ratio of 14.01, a P/E/G ratio of 2.19 and a beta of 1.00.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The firm had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same period last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.

In related news, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total transaction of $668,338.65. Also, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the sale, the vice president now directly owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on XOM shares. Jefferies Financial Group reissued a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Bank of America raised Exxon Mobil to a “buy” rating in a report on Tuesday, January 7th. Royal Bank of Canada reissued a “hold” rating and issued a $75.00 price objective on shares of Exxon Mobil in a report on Monday, January 6th. Berenberg Bank reissued a “neutral” rating and issued a $67.00 price objective on shares of Exxon Mobil in a report on Tuesday. Finally, Goldman Sachs Group decreased their price objective on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.05.

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 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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