Welch & Forbes LLC Decreases Position in Exxon Mobil Corporation $XOM

Welch & Forbes LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 306,896 shares of the oil and gas company’s stock after selling 1,404 shares during the quarter. Welch & Forbes LLC’s holdings in Exxon Mobil were worth $33,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GHP Investment Advisors Inc. raised its position in shares of Exxon Mobil by 1.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 68,449 shares of the oil and gas company’s stock valued at $7,379,000 after buying an additional 1,225 shares during the period. Plato Investment Management Ltd lifted its position in Exxon Mobil by 0.9% in the second quarter. Plato Investment Management Ltd now owns 75,056 shares of the oil and gas company’s stock valued at $8,061,000 after acquiring an additional 689 shares during the last quarter. Longbow Finance SA lifted its position in Exxon Mobil by 101.1% in the second quarter. Longbow Finance SA now owns 261,418 shares of the oil and gas company’s stock valued at $28,181,000 after acquiring an additional 131,418 shares during the last quarter. Beam Wealth Advisors Inc. increased its stake in shares of Exxon Mobil by 6.9% during the second quarter. Beam Wealth Advisors Inc. now owns 27,138 shares of the oil and gas company’s stock worth $2,925,000 after acquiring an additional 1,754 shares during the period. Finally, Aviance Capital Partners LLC increased its stake in shares of Exxon Mobil by 1.3% during the second quarter. Aviance Capital Partners LLC now owns 66,619 shares of the oil and gas company’s stock worth $7,182,000 after acquiring an additional 826 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.2%

Shares of NYSE:XOM opened at $114.52 on Friday. The stock has a market capitalization of $488.21 billion, a PE ratio of 16.27, a P/E/G ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a fifty day moving average price of $113.26 and a 200 day moving average price of $109.99. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Barclays decreased their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.00.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.