Cairn Investment Group Inc. Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Cairn Investment Group Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,486 shares of the oil and gas company’s stock after selling 150 shares during the period. Cairn Investment Group Inc.’s holdings in Exxon Mobil were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of XOM. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the period. Pacer Advisors Inc. raised its holdings in Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after purchasing an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. raised its holdings in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Exxon Mobil by 168.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after acquiring an additional 2,842,844 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 2.5 %

NYSE XOM opened at $106.82 on Monday. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The company’s 50 day moving average price is $110.36 and its 200 day moving average price is $115.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market capitalization of $469.48 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same quarter in the previous year, the business posted $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.74 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday. UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Finally, Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Profile

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.