Curbstone Financial Management Corp boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,330 shares of the oil and gas company’s stock after buying an additional 154 shares during the quarter. Exxon Mobil accounts for approximately 1.4% of Curbstone Financial Management Corp’s portfolio, making the stock its 16th largest holding. Curbstone Financial Management Corp’s holdings in Exxon Mobil were worth $4,796,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after acquiring an additional 3,269,684 shares in the last quarter. Vanguard Group Inc increased its position in shares of Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after acquiring an additional 3,269,684 shares in the last quarter. Morgan Stanley increased its position in shares of Exxon Mobil by 19.6% in the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock worth $1,872,372,000 after acquiring an additional 3,614,568 shares in the last quarter. Legal & General Group Plc increased its position in shares of Exxon Mobil by 1.1% in the third quarter. Legal & General Group Plc now owns 20,342,056 shares of the oil and gas company’s stock worth $1,729,678,000 after acquiring an additional 216,323 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Exxon Mobil by 2.9% in the second quarter. Swiss National Bank now owns 15,058,036 shares of the oil and gas company’s stock worth $1,245,751,000 after acquiring an additional 423,200 shares in the last quarter. Institutional investors own 54.53% of the company’s stock.
Several equities research analysts have recently issued reports on XOM shares. Royal Bank of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of Exxon Mobil in a research report on Tuesday, February 19th. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Sunday, January 6th. Berenberg Bank reaffirmed a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, January 9th. Credit Suisse Group set a $79.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, December 25th. Finally, Argus reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Wednesday, February 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.71.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 4.02 EPS for the current fiscal year.
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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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