NEXT Financial Group Inc lowered its position in Exxon Mobil Co. (NYSE:XOM) by 7.9% in the third quarter, Holdings Channel reports. The fund owned 38,212 shares of the oil and gas company’s stock after selling 3,259 shares during the quarter. Exxon Mobil comprises 0.9% of NEXT Financial Group Inc’s portfolio, making the stock its 17th biggest position. NEXT Financial Group Inc’s holdings in Exxon Mobil were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Shell Asset Management Co. raised its stake in shares of Exxon Mobil by 31.9% in the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after acquiring an additional 257,727 shares during the last quarter. Compass Capital Management Inc. raised its stake in shares of Exxon Mobil by 1.5% in the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock valued at $1,071,000 after acquiring an additional 199 shares during the last quarter. Mizuho Securities USA LLC bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $1,255,000. Rockefeller Financial Services Inc. raised its stake in shares of Exxon Mobil by 15.5% in the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock valued at $76,511,000 after acquiring an additional 125,501 shares during the last quarter. Finally, West Coast Financial LLC raised its stake in shares of Exxon Mobil by 37.0% in the third quarter. West Coast Financial LLC now owns 67,185 shares of the oil and gas company’s stock valued at $5,508,000 after acquiring an additional 18,133 shares during the last quarter. Institutional investors own 51.29% of the company’s stock.
In other news, VP Robert N. Schleckser sold 5,601 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 in the last ninety days. Company insiders own 0.08% of the company’s stock.
XOM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Thursday, October 26th. Wells Fargo & Co set a $84.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Monday, October 30th. Goldman Sachs Group set a $86.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Monday, October 30th. TheStreet raised shares of Exxon Mobil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Finally, lowered shares of Exxon Mobil from a “hold” rating to a “reduce” rating and lowered their price target for the company from $83.60 to $77.00 in a report on Tuesday, November 7th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $87.02.
Shares of Exxon Mobil Co. (XOM) opened at $76.54 on Monday. 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 fifty-two week low of $73.90 and a fifty-two week high of $89.30. The company has a market cap of $324,310.00, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same period in the prior year, the firm posted $0.41 EPS. Exxon Mobil’s revenue was up 9.0% on a year-over-year basis. equities analysts forecast that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s dividend payout ratio is presently 66.52%.
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Exxon Mobil Company 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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