CrestPoint Capital Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 8.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 96,979 shares of the oil and gas company’s stock after buying an additional 7,700 shares during the period. Exxon Mobil Corporation makes up approximately 3.7% of CrestPoint Capital Management LLC’s investment portfolio, making the stock its largest position. CrestPoint Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $7,829,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of XOM. Cordasco Financial Network boosted its stake in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the period. Sterling Global Strategies LLC boosted its stake in shares of Exxon Mobil Corporation by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 5,225 shares of the oil and gas company’s stock worth $472,000 after buying an additional 19 shares during the period. Horizon Investment Services LLC boosted its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the period. LifePlan Financial Group Inc boosted its stake in shares of Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock worth $370,000 after buying an additional 24 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in shares of Exxon Mobil Corporation by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 11,713 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 38 shares during the period. Institutional investors own 50.54% of the company’s stock.

Exxon Mobil Corporation (NYSE:XOM) opened at 81.28 on Monday. Exxon Mobil Corporation has a one year low of $79.26 and a one year high of $95.55. The firm has a market capitalization of $344.40 billion, a PE ratio of 33.91 and a beta of 0.82. The stock has a 50 day moving average of $81.74 and a 200-day moving average of $83.51.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The business had revenue of $63.29 billion for the quarter, compared to analyst estimates of $64.88 billion. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. On average, equities analysts predict that Exxon Mobil Corporation will post $3.68 EPS for the current year.

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A number of brokerages have recently commented on XOM. Vetr cut shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.59 target price for the company. in a research report on Thursday, March 30th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. HSBC Holdings plc restated a “neutral” rating and set a $85.00 price objective on shares of Exxon Mobil Corporation in a research report on Thursday, April 13th. Morgan Stanley restated a “sell” rating and set a $84.00 price objective on shares of Exxon Mobil Corporation in a research report on Thursday, April 13th. Finally, Jefferies Group LLC restated a “hold” rating and set a $86.00 price objective on shares of Exxon Mobil Corporation in a research report on Wednesday, May 17th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.05.

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

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