LCM Capital Management Inc Sells 411 Shares of Exxon Mobil Co. (NYSE:XOM)

LCM Capital Management Inc cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 10,677 shares of the oil and gas company’s stock after selling 411 shares during the period. Exxon Mobil makes up about 0.7% of LCM Capital Management Inc’s portfolio, making the stock its 25th biggest position. LCM Capital Management Inc’s holdings in Exxon Mobil were worth $1,252,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Patron Partners LLC grew its position in Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. lifted its holdings in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after buying an additional 1,836 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after buying an additional 380,399 shares in the last quarter. Blair William & Co. IL lifted its holdings in Exxon Mobil by 64.6% during the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after buying an additional 379,747 shares in the last quarter. Finally, Haverford Trust Co lifted its holdings in Exxon Mobil by 2.8% during the 1st quarter. Haverford Trust Co now owns 135,391 shares of the oil and gas company’s stock worth $15,738,000 after buying an additional 3,680 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several research reports. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. UBS Group cut their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.37.

Exxon Mobil Price Performance

XOM stock opened at $114.98 on Friday. The stock has a 50-day moving average price of $117.67 and a two-hundred day moving average price of $116.36. The stock has a market cap of $453.35 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 EPS. Equities analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.