IFM Investors Pty Ltd Has $22.88 Million Stake in Exxon Mobil Co. (NYSE:XOM)
IFM Investors Pty Ltd grew its position in Exxon Mobil Co. (NYSE:XOM) by 8.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 298,576 shares of the oil and gas company’s stock after acquiring an additional 24,525 shares during the quarter. Exxon Mobil accounts for about 1.3% of IFM Investors Pty Ltd’s holdings, making the stock its 8th largest position. IFM Investors Pty Ltd’s holdings in Exxon Mobil were worth $22,880,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC increased its holdings in Exxon Mobil by 18.5% during the 2nd quarter. Sound Income Strategies LLC now owns 5,864 shares of the oil and gas company’s stock valued at $449,000 after purchasing an additional 914 shares in the last quarter. Legacy Capital Partners Inc. increased its holdings in Exxon Mobil by 5.2% during the 2nd quarter. Legacy Capital Partners Inc. now owns 45,982 shares of the oil and gas company’s stock valued at $3,524,000 after purchasing an additional 2,272 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Exxon Mobil by 2.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 450,669 shares of the oil and gas company’s stock valued at $34,535,000 after purchasing an additional 9,011 shares in the last quarter. Comprehensive Portfolio Management LLC boosted its position in Exxon Mobil by 2.1% in the 2nd quarter. Comprehensive Portfolio Management LLC now owns 12,643 shares of the oil and gas company’s stock valued at $969,000 after buying an additional 258 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its position in Exxon Mobil by 2.9% in the 2nd quarter. JGP Wealth Management LLC now owns 69,501 shares of the oil and gas company’s stock valued at $5,326,000 after buying an additional 1,951 shares during the last quarter. Institutional investors own 54.54% of the company’s stock.
In other news, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the transaction, the vice president now directly owns 219,423 shares in the company, valued at approximately $16,750,751.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) 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 company had revenue of $63.63 billion during the quarter, compared to the consensus estimate of $67.35 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 3.5 earnings per share for the current year.
A number of research analysts have commented on XOM shares. Zacks Investment Research upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. Credit Suisse Group reiterated a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Berenberg Bank set a €23.50 ($27.33) price objective on Rhoen Klinikum and gave the company a “neutral” rating in a research report on Thursday, April 11th. HSBC reiterated a “buy” rating and issued a $58.50 price objective on shares of Total in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $137.00 price objective on shares of Continental in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Exxon Mobil has an average rating of “Hold” and an average target price of $83.86.
Exxon Mobil 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 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.
Further Reading: Arbitrage
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