Eagle Strategies LLC Sells 1,618 Shares of Exxon Mobil Co. (NYSE:XOM)

Eagle Strategies LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,943 shares of the oil and gas company’s stock after selling 1,618 shares during the period. Eagle Strategies LLC’s holdings in Exxon Mobil were worth $3,158,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new position in Exxon Mobil in the 2nd quarter worth $980,210,000. International Assets Investment Management LLC raised its holdings in Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares during the period. Capital International Investors lifted its position in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.37.

Exxon Mobil Stock Up 0.0 %

Shares of NYSE:XOM opened at $116.71 on Friday. The company has a market capitalization of $460.19 billion, a PE ratio of 14.30, a P/E/G ratio of 5.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company’s fifty day moving average is $117.70 and its 200-day moving average is $116.40. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

About Exxon Mobil

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.