Bridges Investment Counsel Inc. Sells 43,961 Shares of Exxon Mobil Co. (NYSE:XOM)

Bridges Investment Counsel Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 51.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,780 shares of the oil and gas company’s stock after selling 43,961 shares during the quarter. Exxon Mobil accounts for about 1.9% of Bridges Investment Counsel Inc.’s investment portfolio, making the stock its 16th biggest holding. Bridges Investment Counsel Inc.’s holdings in Exxon Mobil were worth $3,425,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XOM. Vanguard Group Inc. lifted its holdings in Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC increased its position in Exxon Mobil by 136,463.4% in the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after purchasing an additional 7,134,305 shares during the last quarter. Harbour Capital Advisors LLC increased its position in Exxon Mobil by 8,029.5% in the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after purchasing an additional 3,695,728 shares during the last quarter. APG Asset Management N.V. increased its position in Exxon Mobil by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after purchasing an additional 2,088,263 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Exxon Mobil by 365.5% in the second quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock worth $214,591,000 after purchasing an additional 2,087,165 shares during the last quarter. Institutional investors and hedge funds own 51.05% of the company’s stock.

XOM has been the topic of several research reports. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Barclays set a $91.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Tuesday, October 10th. Cowen reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 19th. Societe Generale set a $95.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $84.87 target price for the company in a research note on Wednesday, September 13th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.54.

Shares of Exxon Mobil Co. (NYSE:XOM) traded up $0.85 during trading hours on Thursday, hitting $86.93. The stock had a trading volume of 14,358,200 shares, compared to its average volume of 11,200,000. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market cap of $368,330.00, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $87.41.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter last year, the firm posted $0.63 EPS. analysts forecast that Exxon Mobil Co. will post 3.66 earnings per share for the current year.

In other news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the transaction, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock valued at $4,273,910 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Bridges Investment Counsel Inc. Sells 43,961 Shares of Exxon Mobil Co. (NYSE:XOM)” was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/01/11/exxon-mobil-co-xom-shares-sold-by-bridges-investment-counsel-inc.html.

Exxon Mobil Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply