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American Assets Investment Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 33.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the oil and gas company’s stock after buying an additional 5,000 shares during the period. American Assets Investment Management LLC’s holdings in Exxon Mobil were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in XOM. BlackRock Inc. grew its position in Exxon Mobil by 1.2% in the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after buying an additional 2,982,610 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after buying an additional 1,200,678 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Exxon Mobil by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock worth $1,778,179,000 after buying an additional 1,116,450 shares during the last quarter. First Eagle Investment Management LLC grew its position in Exxon Mobil by 43.0% in the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after buying an additional 5,440,412 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Exxon Mobil by 3.0% in the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock worth $980,635,000 after buying an additional 376,686 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.
NYSE XOM opened at $77.53 on Friday. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. The company has a market cap of $331.84 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.27 and a beta of 0.87.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion for the quarter, compared to badysts’ expectations of $71.66 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, equities badysts expect that Exxon Mobil Co. will post 4.63 earnings per share for the current year.
Several research badysts have issued reports on the stock. Piper Jaffray Companies restated a “neutral” rating on shares of Exxon Mobil in a research report on Tuesday, October 23rd. Royal Bank of Canada set a $105.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, July 23rd. Credit Suisse Group set a $80.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, October 19th. Barclays restated a “sell” rating and issued a $84.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 10th. Finally, Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Thursday. Five equities research badysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have badigned a buy rating and one has badigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $86.69.
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 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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