Exxon Mobil Co. (NYSE:XOM) Holdings Cut by Crossvault Capital Management LLC

Crossvault Capital Management LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,677 shares of the oil and gas company’s stock after selling 3,393 shares during the quarter. Crossvault Capital Management LLC’s holdings in Exxon Mobil were worth $1,777,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of XOM. Vanguard Group Inc. boosted its position in Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after acquiring an additional 10,366,636 shares during the last quarter. Capital Research Global Investors boosted its position in Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after acquiring an additional 2,058,060 shares during the last quarter. Legal & General Group Plc boosted its position in Exxon Mobil by 2.7% during the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock valued at $1,872,300,000 after acquiring an additional 604,537 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Exxon Mobil by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after acquiring an additional 1,406,529 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Exxon Mobil by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock valued at $1,490,398,000 after acquiring an additional 353,561 shares during the last quarter. 51.28% of the stock is currently owned by institutional investors.

In other news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,357 shares of company stock valued at $4,273,910. Company insiders own 0.08% of the company’s stock.

XOM has been the topic of a number of research analyst reports. Howard Weil raised shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Saturday, January 13th. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price target on the stock in a research report on Thursday, December 7th. Goldman Sachs Group set a $92.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Finally, UBS Group set a $83.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, December 4th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $87.42.

Exxon Mobil Co. (NYSE XOM) traded up $0.48 on Friday, hitting $75.78. 29,490,000 shares of the company were exchanged, compared to its average volume of 13,970,000. 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 Co. has a 12 month low of $73.90 and a 12 month high of $89.30. The firm has a market cap of $321,090.00, a price-to-earnings ratio of 16.37, a PEG ratio of 1.04 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. sell-side analysts predict that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be paid a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.06%. Exxon Mobil’s dividend payout ratio (DPR) is 66.52%.

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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.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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