Fruth Investment Management Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)
Fruth Investment Management reduced its position in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the second quarter, HoldingsChannel reports. The firm owned 61,520 shares of the oil and gas company’s stock after selling 362 shares during the period. Exxon Mobil comprises approximately 1.9% of Fruth Investment Management’s portfolio, making the stock its 8th largest holding. Fruth Investment Management’s holdings in Exxon Mobil were worth $4,714,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of XOM. FMR LLC boosted its stake in shares of Exxon Mobil by 6.8% in the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after purchasing an additional 3,038,704 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of Exxon Mobil by 224.9% in the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after purchasing an additional 809,199 shares during the last quarter. Inlet Private Wealth LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $48,697,000. Royal London Asset Management Ltd. boosted its stake in Exxon Mobil by 31.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock worth $165,903,000 after acquiring an additional 587,387 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Exxon Mobil by 39.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 943,995 shares of the oil and gas company’s stock worth $56,310,000 after acquiring an additional 265,238 shares in the last quarter. 54.54% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on XOM. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. reissued a “hold” rating and set a $137.00 target price on shares of Continental in a research note on Friday, April 26th. Zacks Investment Research raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research note on Monday, July 22nd. Wells Fargo & Co increased their target price on shares of Exxon Mobil from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 3rd. Finally, Morgan Stanley set a $207.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $83.86.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 3.5 earnings per share for the current year.
In other news, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the sale, the vice president now owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.
About Exxon Mobil
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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