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Stellar Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,884 shares of the oil and gas company's stock after purchasing an additional 715 shares during the period. Exxon Mobil makes up about 1.9% of Stellar Capital Management LLC's portfolio, making the stock its 19th biggest holding. Stellar Capital Management LLC's holdings in Exxon Mobil were worth $2,969,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Clearwater Capital Advisors LLC acquired a new position in Exxon Mobil in the 1st quarter valued at $122,000. Winfield Associates Inc. acquired a new position in Exxon Mobil in the 2nd quarter valued at $160,000. Trilogy Capital Inc. acquired a new position in Exxon Mobil in the 1st quarter valued at $149,000. Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the 2nd quarter valued at $197,000. Finally, Lesa Sroufe & Co acquired a new position in Exxon Mobil in the 2nd quarter valued at $200,000. 52.39% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on XOM shares. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a "buy" rating in a report on Wednesday, August 22nd. HSBC reaffirmed a "buy" rating and...