Strs Ohio decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,668,121 shares of the oil and gas company’s stock after selling 117,462 shares during the quarter. Exxon Mobil makes up approximately 0.8% of Strs Ohio’s portfolio, making the stock its 16th largest position. Strs Ohio’s holdings in Exxon Mobil were worth $188,396,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC increased its position in Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after buying an additional 183 shares during the period. Krane Funds Advisors LLC bought a new position in Exxon Mobil during the 2nd quarter worth $26,000. Asset Planning Services Ltd. increased its position in shares of Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares during the period. Evolution Wealth Advisors LLC bought a new position in shares of Exxon Mobil in the second quarter worth $45,000. Finally, Arlington Partners LLC bought a new position in shares of Exxon Mobil in the third quarter worth $45,000. Hedge funds and other institutional investors own 54.41% of the company’s stock.
A number of research analysts recently commented on the company. Jefferies Financial Group restated a “neutral” rating and issued a $76.00 price target on shares of Exxon Mobil in a research report on Thursday, October 17th. Barclays assumed coverage on Exxon Mobil in a research report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target on the stock. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Bank of America restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research report on Friday, September 27th. Finally, UBS Group decreased their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $80.04.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 2.66 EPS for the current fiscal year.
In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% 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 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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