Tocqueville Asset Management L.P. lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,092,505 shares of the oil and gas company’s stock after selling 15,685 shares during the period. Exxon Mobil accounts for about 1.0% of Tocqueville Asset Management L.P.’s holdings, making the stock its 12th biggest position. Tocqueville Asset Management L.P.’s holdings in Exxon Mobil were worth $89,564,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. CWH Capital Management Inc. acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $114,000. Horan Securities Inc. increased its position in Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares during the period. Acrospire Investment Management LLC increased its position in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the period. Finally, Saratoga Research & Investment Management acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $172,000. Hedge funds and other institutional investors own 51.06% of the company’s stock.
In related news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the sale, the vice president now directly owns 291,385 shares in the company, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by corporate insiders.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping 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 business had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. analysts expect that Exxon Mobil Co. will post 3.66 earnings per share for the current year.
Several equities analysts have issued reports on the company. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Saturday, January 13th. Wells Fargo & Co set a $88.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. BMO Capital Markets boosted their target price on Exxon Mobil to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, January 8th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $86.78.
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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.
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