110 hedge funds buy Exxon Mobil Corporation (XOM) for the first time

Exxon Mobil Corporation (NYSE:XOM) has made a 15.86% comeback from a 12-month low price of $72.15. It was seen 0.87% higher, changing the price to $83.6, when the closing bell rang on 06/08/2018. At recent session, the prices were hovering between $82.5 and $83.66. This company shares are 5.01% off its target price of $87.79 and the current market capitalization stands at $356.97B. The recent change has given its price a 6% lead over SMA 50 and -6.38% deficit over its 52-week high. The stock witnessed 4.59% gains, 12.12% gains and 1.6% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found XOM’s volatility during a week at 1.5% and during a month it has been found around 1.41%.

Exxon Mobil Corporation (XOM) Top Holders

Institutional investors currently hold around $188.28 billion or 53.9% in XOM stock. Look at its top three institutional owners. Vanguard Group Inc owns $26.98 billion in Exxon Mobil Corporation, which represents roughly 7.56% of the company’s market cap and approximately 14.33% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 260,822,111 shares of the stock are valued at $21.8 billion. The third largest holder is State Street Corp, which currently holds $17.5 billion worth of this stock and that ownership represents nearly 4.9% of its market capitalization.

Exxon Mobil Corporation 13F Filings

At the end of 03/31/2018 reporting period, 1,031 institutional holders increased their position in Exxon Mobil Corporation (NYSE:XOM) by some 89,879,608 shares, 1,280 decreased positions by 106,562,154 and 218 held positions by 2,055,682,779. That puts total institutional holdings at 2,252,124,541 shares, according to SEC filings. The stock grabbed 110 new institutional investments totaling 8,217,944 shares while 85 institutional investors sold out their entire positions totaling 3,373,611 shares.

Exxon Mobil Corporation (NYSE:XOM) Insider Trades

Multiple company employees have indulged in significant insider trading. Exxon Mobil Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Vice President Wascom Dennis G has sold 2,412 shares of Exxon Mobil Corporation (XOM) in trading session dated Dec. 15, 2017. These shares are worth $200,292 and were traded at $83.04 each. The SEC filing shows that Chapman Neil A performed a sale of 12,000 shares. The Vice President disposed these shares by way of transaction on Dec. 14, 2017. The company’s shares were given away at $83.05 per share worth to an income of some $996,600 on account of Chapman Neil A.

Vice President, Milton Bryan W, sold 7,281 common shares of Exxon Mobil Corporation (XOM) in the open market. In a transaction dated Dec. 12, 2017, the shares were put up for sale at an average price of $83.24, raking in a sum of $606,070. After this sale, 194,804 common shares of XOM are directly owned by the insider, with total stake valued at $16,285,614.

In the transaction dated Dec. 11, 2017, the great number of shares disposed came courtesy the Vice President; Corson Bradley W disposed a total of 19,500 shares at an average price of $83.01, amounting to approximately $1,618,695. The insider now directly owns 253,384 shares worth $21,182,902.

Exxon Mobil Corporation (XOM) Analyst Guide

Several analysts have released their opinion on Exxon Mobil Corporation (NYSE:XOM), with 3 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.62 average brokerage recommendation.