The Shinko Asset Management Co. Ltd. Sells 192 Shares of Exxon Mobil Corp. (XOM)

The Shinko Asset Management Co. Ltd. Sells 192 Shares of Exxon Mobil Corp. (XOM)

Shinko Asset Management Co. Ltd. cut its position in Exxon Mobil Corp. (NYSE:XOM) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 10,435 shares of the company’s stock after selling 192 shares during the period. Shinko Asset Management Co. Ltd.’s holdings in Exxon Mobil Corp. were worth $911,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Exxon Mobil Corp. during the second quarter worth about $441,823,000. Capital World Investors increased its stake in shares of Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock worth $1,426,817,000 after buying an additional 4,480,000 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock worth $1,605,194,000 after buying an additional 3,229,704 shares during the last quarter. Finally, AJO LP increased its stake in shares of Exxon Mobil Corp. by 209.2% in the second quarter. AJO LP now owns 4,305,100 shares of the company’s stock worth $403,560,000 after buying an additional 2,912,876 shares during the last quarter. 49.95% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Corp. (NYSE:XOM) traded down 1.80% during mid-day trading on Thursday, hitting $84.73. The company had a trading volume of 16,382,903 shares. Exxon Mobil Corp. has a 52-week low of $72.61 and a 52-week high of $95.55. The firm has a market cap of $351.35 billion, a P/E ratio of 39.67 and a beta of 0.89. The stock’s 50 day moving average price is $88.99 and its 200 day moving average price is $87.98.

Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The company had revenue of $58.68 billion for the quarter, compared to the consensus estimate of $61.34 billion. During the same quarter last year, the business posted $1.01 EPS. Exxon Mobil Corp.’s quarterly revenue was down 12.9% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.19 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. Macquarie reissued an “underperform” rating and set a $75.00 price objective on shares of Exxon Mobil Corp. in a research report on Saturday, December 17th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Monday, December 12th. Goldman Sachs Group Inc. set a $96.00 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Monday, December 26th. Bank of America Corp. set a $100.00 target price on Exxon Mobil Corp. and gave the company a “hold” rating in a report on Monday, October 10th. Finally, BNP Paribas set a $80.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a report on Tuesday, October 11th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. Exxon Mobil Corp. has an average rating of “Hold” and a consensus target price of $87.52.

In other news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the sale, the vice president now directly owns 222,299 shares in the company, valued at approximately $19,340,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bryan W. Milton sold 10,952 shares of the stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $87.42, for a total value of $957,423.84. Following the sale, the vice president now owns 176,330 shares in the company, valued at $15,414,768.60. The disclosure for this sale can be found here. Insiders have sold a total of 63,054 shares of company stock worth $5,544,316 over the last quarter. Insiders own 0.14% of the company’s stock.

Exxon Mobil Corp. Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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