Spirit of America Management Corp NY Has $5.09 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Spirit of America Management Corp NY lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,695 shares of the oil and gas company’s stock after selling 5,070 shares during the period. Spirit of America Management Corp NY’s holdings in Exxon Mobil were worth $5,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Rothschild Asset Management Inc. increased its stake in shares of Exxon Mobil by 0.5% in the 2nd quarter. Rothschild Asset Management Inc. now owns 721,671 shares of the oil and gas company’s stock worth $59,703,000 after acquiring an additional 3,910 shares in the last quarter. Convergence Investment Partners LLC increased its stake in shares of Exxon Mobil by 2.7% in the 2nd quarter. Convergence Investment Partners LLC now owns 35,295 shares of the oil and gas company’s stock worth $2,920,000 after acquiring an additional 926 shares in the last quarter. Independence Bank of Kentucky increased its stake in shares of Exxon Mobil by 5.6% in the 2nd quarter. Independence Bank of Kentucky now owns 32,761 shares of the oil and gas company’s stock worth $2,710,000 after acquiring an additional 1,736 shares in the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Exxon Mobil by 28.6% in the 2nd quarter. Anchor Capital Advisors LLC now owns 14,229 shares of the oil and gas company’s stock worth $1,177,000 after acquiring an additional 3,166 shares in the last quarter. Finally, Cadinha & Co. LLC increased its stake in shares of Exxon Mobil by 4.5% in the 2nd quarter. Cadinha & Co. LLC now owns 35,222 shares of the oil and gas company’s stock worth $2,914,000 after acquiring an additional 1,505 shares in the last quarter. 54.53% of the stock is owned by hedge funds and other institutional investors.

NYSE:XOM traded down $0.30 on Friday, reaching $81.13. 9,493,885 shares of the stock traded hands, compared to its average volume of 9,619,611. The firm has a market cap of $343.79 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.51 and a current ratio of 0.84. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.43. The business had revenue of $71.90 billion during the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. Exxon Mobil’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 4.18 EPS for the current year.

Several research analysts recently issued reports on the stock. Tudor Pickering assumed coverage on shares of Exxon Mobil in a research note on Monday, April 8th. They issued a “hold” rating and a $82.49 price target for the company. Berenberg Bank reiterated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Thursday, April 11th. Wells Fargo & Co increased their price target on shares of Exxon Mobil from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 3rd. Morgan Stanley assumed coverage on shares of Exxon Mobil in a research note on Monday, April 1st. They issued an “equal weight” rating and a $84.00 price target for the company. Finally, Bank of America set a $105.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $84.71.

TRADEMARK VIOLATION WARNING: “Spirit of America Management Corp NY Has $5.09 Million Holdings in Exxon Mobil Co. (NYSE:XOM)” was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/spirit-of-america-management-corp-ny-lowers-stake-in-exxon-mobil-co-xom.html.

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.

Further Reading: How is diluted EPS different from basic EPS?

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.