Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Affiance Financial LLC

Affiance Financial LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 30.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,057 shares of the oil and gas company’s stock after acquiring an additional 4,025 shares during the period. Exxon Mobil accounts for about 0.8% of Affiance Financial LLC’s holdings, making the stock its 25th biggest position. Affiance Financial LLC’s holdings in Exxon Mobil were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of XOM. Cordasco Financial Network boosted its stake in shares of Exxon Mobil by 4.1% during the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 148 shares in the last quarter. Sippican Capital Advisors raised its position in shares of Exxon Mobil by 1.0% during the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 150 shares during the last quarter. Centric Wealth Management raised its position in shares of Exxon Mobil by 1.7% during the 2nd quarter. Centric Wealth Management now owns 8,965 shares of the oil and gas company’s stock worth $687,000 after purchasing an additional 153 shares during the last quarter. RDA Financial Network raised its position in shares of Exxon Mobil by 3.3% during the 2nd quarter. RDA Financial Network now owns 4,840 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 154 shares during the last quarter. Finally, First National Bank of Hutchinson raised its position in shares of Exxon Mobil by 1.2% during the 4th quarter. First National Bank of Hutchinson now owns 13,896 shares of the oil and gas company’s stock worth $948,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 54.54% of the company’s stock.

Shares of XOM stock traded up $0.30 on Tuesday, reaching $75.37. 7,338,315 shares of the stock were exchanged, compared to its average volume of 11,498,233. The stock has a market cap of $317.29 billion, a PE ratio of 15.29, a P/E/G ratio of 1.88 and a beta of 0.97. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $75.80. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business had revenue of $63.63 billion for the quarter, compared to analysts’ expectations of $67.35 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 3.65 EPS for the current fiscal year.

In related news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Several research analysts recently issued reports on XOM shares. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. Wells Fargo & Co boosted their price target on Exxon Mobil from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, April 3rd. Tudor Pickering began coverage on Exxon Mobil in a report on Monday, April 8th. They issued a “hold” rating and a $82.49 price target for the company. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $137.00 price target on shares of Continental in a report on Friday, April 26th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of STMicroelectronics in a report on Tuesday, July 2nd. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $83.86.

About Exxon Mobil

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

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