Argyle Capital Management Inc. Has $983,000 Stake in Exxon Mobil Corporation (XOM)
Argyle Capital Management Inc. held its stake in Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,182 shares of the oil and gas company’s stock at the end of the 2nd quarter. Argyle Capital Management Inc.’s holdings in Exxon Mobil Corporation were worth $983,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Horan Securities Inc. purchased a new position in Exxon Mobil Corporation during the first quarter valued at $102,000. Riggs Asset Managment Co. Inc. lifted its position in Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the period. Watermark Asset Management Inc. purchased a new position in Exxon Mobil Corporation during the first quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Exxon Mobil Corporation by 13.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the period. Finally, Diversified Portfolios Inc. purchased a new position in Exxon Mobil Corporation during the first quarter valued at $224,000. 50.73% of the stock is owned by institutional investors.
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Several equities analysts have commented on the company. Morgan Stanley reissued an “underperform” rating on shares of Exxon Mobil Corporation in a research report on Thursday. BNP Paribas set a $70.00 price objective on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Monday, September 25th. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Thursday, September 28th. BMO Capital Markets set a $80.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Wednesday. Finally, Barclays PLC set a $91.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Tuesday, October 10th. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $85.19.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at 82.76 on Thursday. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The firm’s 50 day moving average price is $80.54 and its 200-day moving average price is $80.76. The company has a market capitalization of $350.66 billion, a P/E ratio of 29.83 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts expect that Exxon Mobil Corporation will post $3.48 EPS for the current year.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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