3,154 Shares in Exxon Mobil Co. (XOM) Purchased by Krueger & Catalano Capital Partners LLC
Krueger & Catalano Capital Partners LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,154 shares of the oil and gas company’s stock, valued at approximately $261,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Macroview Investment Management LLC purchased a new stake in Exxon Mobil during the first quarter worth about $102,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $110,000. KHP Capital LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $111,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $122,000. Finally, Winfield Associates Inc. purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $160,000. Institutional investors own 52.48% of the company’s stock.
Several analysts have issued reports on the stock. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, September 26th. Wells Fargo & Co reissued a “neutral” rating and issued a $88.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 26th. BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Thursday, October 4th. Credit Suisse Group reissued a “neutral” rating and issued a $80.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Finally, Jefferies Financial Group reissued a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research report on Friday, September 28th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $87.08.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. Exxon Mobil’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. On average, research analysts expect that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.
In other news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
Exxon Mobil Company 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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