QV Investors Inc. Has $18.08 Million Position in Exxon Mobil Co. (XOM)

QV Investors Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 20.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 220,531 shares of the oil and gas company’s stock after selling 55,320 shares during the quarter. Exxon Mobil comprises 1.5% of QV Investors Inc.’s holdings, making the stock its 22nd largest position. QV Investors Inc.’s holdings in Exxon Mobil were worth $18,079,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in XOM. Berkshire Asset Management LLC PA grew its stake in shares of Exxon Mobil by 38.3% in the third quarter. Berkshire Asset Management LLC PA now owns 296,709 shares of the oil and gas company’s stock valued at $24,324,000 after buying an additional 82,187 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of Exxon Mobil by 388.8% in the third quarter. Thompson Davis & CO. Inc. now owns 4,927 shares of the oil and gas company’s stock valued at $404,000 after buying an additional 3,919 shares in the last quarter. FineMark National Bank & Trust grew its stake in shares of Exxon Mobil by 2.6% in the third quarter. FineMark National Bank & Trust now owns 236,662 shares of the oil and gas company’s stock valued at $19,402,000 after buying an additional 5,961 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Exxon Mobil by 355.6% in the third quarter. Canada Pension Plan Investment Board now owns 925,010 shares of the oil and gas company’s stock valued at $75,832,000 after buying an additional 721,995 shares in the last quarter. Finally, BP PLC grew its stake in shares of Exxon Mobil by 5.7% in the third quarter. BP PLC now owns 504,000 shares of the oil and gas company’s stock valued at $41,308,000 after buying an additional 27,000 shares in the last quarter. Hedge funds and other institutional investors own 51.06% of the company’s stock.

In other news, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was 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 of the company’s stock, valued at approximately $24,199,524.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. 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 three months. Company insiders own 0.08% of the company’s stock.

Shares of Exxon Mobil Co. (XOM) opened at $87.43 on Friday. The stock has a market capitalization of $370,450.00, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $76.05 and a fifty-two week high of $88.21.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the previous year, the business earned $0.63 EPS. sell-side analysts predict that Exxon Mobil Co. will post 3.68 earnings per share for the current fiscal year.

XOM has been the subject of a number of research reports. BNP Paribas set a $70.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Monday, September 25th. Vetr cut Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research note on Thursday, September 28th. Goldman Sachs Group set a $85.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, October 3rd. Barclays set a $91.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Morgan Stanley set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, October 17th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average target price of $86.52.

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About Exxon Mobil

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)

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