Schmidt P J Investment Management Inc. Decreases Position in Exxon Mobil Co. (XOM)

Share on StockTwits

Schmidt P J Investment Management Inc. reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 41,300 shares of the oil and gas company’s stock after selling 1,294 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Exxon Mobil were worth $3,417,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Macroview Investment Management LLC bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $102,000. Corbyn Investment Management Inc. MD bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $110,000. KHP Capital LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $111,000. Clearwater Capital Advisors LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $122,000. Finally, Trilogy Capital Inc. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $149,000. 52.48% of the stock is owned by institutional investors.

In related news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.

Shares of XOM stock opened at $81.38 on Friday. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-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 capitalization of $360.27 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.48 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 4.6 EPS for the current year.

Several equities research analysts recently weighed in on XOM shares. HSBC reissued a “buy” rating and set a $96.00 price target on shares of Exxon Mobil in a research report on Wednesday, September 12th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. BNP Paribas set a $85.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Tuesday, August 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $93.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 11th. Finally, Barclays reissued a “sell” rating and set a $87.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average price target of $87.08.

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.

Read More: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply