Cape ANN Savings Bank Invests $1.45 Million in Exxon Mobil Co. (XOM) Stock

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Cape ANN Savings Bank bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, Holdings Channel reports. The firm bought 17,671 shares of the oil and gas company’s stock, valued at approximately $1,449,000. Exxon Mobil makes up approximately 1.8% of Cape ANN Savings Bank’s portfolio, making the stock its 18th largest position.

A number of other institutional investors have also bought and sold shares of the stock. Koch Industries Inc. boosted its holdings in shares of Exxon Mobil by 343.1% in the 1st quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock worth $932,000 after purchasing an additional 9,676 shares in the last quarter. Eaton Vance Management boosted its holdings in Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after acquiring an additional 3,136,452 shares during the period. First Financial Bank Trust Division boosted its holdings in Exxon Mobil by 3.5% during the 2nd quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after acquiring an additional 2,883 shares during the period. First Command Bank boosted its holdings in Exxon Mobil by 96.0% during the 2nd quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock valued at $15,550,000 after acquiring an additional 92,058 shares during the period. Finally, TLP Group LLC boosted its holdings in Exxon Mobil by 2,160.1% during the 1st quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock valued at $317,000 after acquiring an additional 4,061 shares during the period. Institutional investors and hedge funds own 52.48% of the company’s stock.

Several equities research analysts recently weighed in on XOM shares. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, August 22nd. HSBC restated a “buy” rating and set a $96.00 target price on shares of Exxon Mobil in a report on Wednesday, September 12th. Credit Suisse Group set a $80.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Monday, October 1st. Finally, BNP Paribas set a $85.00 target price on Exxon Mobil and gave the company a “sell” rating in a report on Tuesday, September 4th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $87.08.

XOM opened at $81.38 on Friday. The company has a market cap of $360.27 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The business had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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