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.
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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