Willingdon Wealth Management grew its position in Exxon Mobil Co. (NYSE:XOM) by 163.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,607 shares of the oil and gas company’s stock after buying an additional 43,179 shares during the quarter. Exxon Mobil accounts for 2.1% of Willingdon Wealth Management’s holdings, making the stock its 7th largest holding. Willingdon Wealth Management’s holdings in Exxon Mobil were worth $5,706,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. increased its position in Exxon Mobil by 11.0% during the 3rd quarter. Pacer Advisors Inc. now owns 115,441 shares of the oil and gas company’s stock valued at $9,464,000 after buying an additional 11,439 shares in the last quarter. Point View Wealth Management Inc. increased its position in Exxon Mobil by 4.1% during the 3rd quarter. Point View Wealth Management Inc. now owns 42,746 shares of the oil and gas company’s stock valued at $3,505,000 after buying an additional 1,678 shares in the last quarter. Girard Partners LTD. increased its position in Exxon Mobil by 1.9% during the 3rd quarter. Girard Partners LTD. now owns 99,174 shares of the oil and gas company’s stock valued at $8,130,000 after buying an additional 1,877 shares in the last quarter. Dowling & Yahnke LLC increased its position in Exxon Mobil by 1.0% during the 3rd quarter. Dowling & Yahnke LLC now owns 120,376 shares of the oil and gas company’s stock valued at $9,868,000 after buying an additional 1,146 shares in the last quarter. Finally, Granite Investment Partners LLC increased its position in Exxon Mobil by 2.3% during the 3rd quarter. Granite Investment Partners LLC now owns 40,997 shares of the oil and gas company’s stock valued at $3,361,000 after buying an additional 920 shares in the last quarter. Institutional investors and hedge funds own 53.18% of the company’s stock.
Several research analysts recently issued reports on XOM shares. Vetr lowered Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $87.14 target price on the stock. in a research report on Tuesday, February 27th. Royal Bank of Canada cut their price objective on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a report on Thursday, November 16th. Jefferies Group set a $90.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, January 19th. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, November 15th. Finally, Barclays reissued a “sell” rating and issued a $84.00 price objective on shares of Exxon Mobil in a report on Tuesday, February 20th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $86.05.
Shares of Exxon Mobil Co. (NYSE:XOM) traded down $0.93 on Wednesday, hitting $73.60. The stock had a trading volume of 14,798,170 shares, compared to its average volume of 18,250,000. The stock has a market capitalization of $311,880.00, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $73.53 and a 1 year high of $89.30.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.00% and a net margin of 7.61%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. equities research analysts expect that Exxon Mobil Co. will post 4.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.18%. Exxon Mobil’s dividend payout ratio is currently 95.36%.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the transaction, the vice president now owns 291,385 shares in the company, valued at $24,199,524.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
About Exxon Mobil
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.
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.