Deltec Asset Management LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 34.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,660 shares of the oil and gas company’s stock after selling 2,400 shares during the period. Deltec Asset Management LLC’s holdings in Exxon Mobil were worth $382,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWH Capital Management Inc. bought a new stake in Exxon Mobil during the second quarter valued at approximately $114,000. Horan Securities Inc. grew its position in Exxon Mobil by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares during the period. Acrospire Investment Management LLC grew its position in Exxon Mobil by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Exxon Mobil by 2.7% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares during the period. Finally, Saratoga Research & Investment Management bought a new stake in Exxon Mobil during the third quarter valued at approximately $172,000. 51.28% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by insiders.
Several brokerages recently issued reports on XOM. Vetr upgraded shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 target price for the company in a research report on Friday, November 17th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Goldman Sachs Group restated a “neutral” rating and set a $96.00 target price on shares of Exxon Mobil in a research report on Thursday, February 1st. Wells Fargo & Co set a $88.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley restated an “underperform” rating on shares of Exxon Mobil in a research report on Thursday, October 19th. Seven analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.42.
Shares of Exxon Mobil Co. (XOM) traded up $0.48 during trading hours 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 current ratio of 0.85, a quick ratio of 0.54 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 company has a market capitalization of $321,090.00, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. Exxon Mobil’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. equities research analysts anticipate that Exxon Mobil Co. will post 4.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s payout ratio 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.
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