Schafer Cullen Capital Management Inc. lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 19.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,409,528 shares of the oil and gas company’s stock after purchasing an additional 228,875 shares during the quarter. Exxon Mobil makes up about 1.4% of Schafer Cullen Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Schafer Cullen Capital Management Inc.’s holdings in Exxon Mobil were worth $113,791,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of XOM. Doyle Wealth Management grew its position in Exxon Mobil by 2.7% during the second quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock worth $20,935,000 after buying an additional 6,921 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of Exxon Mobil by 1.6% in the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock valued at $65,262,000 after acquiring an additional 12,362 shares during the last quarter. Holderness Investments Co. lifted its stake in shares of Exxon Mobil by 48.1% in the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after acquiring an additional 15,687 shares during the last quarter. Baldwin Brothers Inc. MA lifted its stake in shares of Exxon Mobil by 14.4% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock valued at $8,472,000 after acquiring an additional 13,206 shares during the last quarter. Finally, Strategic Financial Group LLC raised its position in Exxon Mobil by 21.9% during the 1st quarter. Strategic Financial Group LLC now owns 9,907 shares of the oil and gas company’s stock worth $812,000 after purchasing an additional 1,778 shares during the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.
In related news, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the sale, the insider now directly owns 220,000 shares in the company, valued at $18,341,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,013 shares of company stock worth $5,084,352. 0.08% of the stock is owned by insiders.
Several brokerages have recently commented on XOM. J P Morgan Chase & Co set a $81.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday. Vetr upgraded Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price for the company in a research note on Wednesday. Cowen restated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Tuesday, September 19th. Piper Jaffray Companies set a $76.00 target price on Exxon Mobil and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Goldman Sachs Group set a $85.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday, October 3rd. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $86.20.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up $0.41 on Wednesday, reaching $83.17. 4,249,204 shares of the company were exchanged, compared to its average volume of 10,966,153. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The company has a market cap of $350,660.00, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.74 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the previous year, the business posted $0.63 EPS. equities analysts predict that Exxon Mobil Corporation will post 3.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.70%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
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Exxon Mobil Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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