Wimmer Associates 1 LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,282 shares of the oil and gas company’s stock after selling 1,734 shares during the period. Exxon Mobil accounts for about 1.7% of Wimmer Associates 1 LLC’s portfolio, making the stock its 22nd biggest position. Wimmer Associates 1 LLC’s holdings in Exxon Mobil were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Asset Management Advisors LLC lifted its position in Exxon Mobil by 0.3% in the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 7 shares during the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Exxon Mobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after buying an additional 30 shares during the last quarter. Lehman Financial Resources Inc. raised its holdings in shares of Exxon Mobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 35 shares during the last quarter. Intellectus Partners LLC raised its holdings in Exxon Mobil by 0.7% during the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 41 shares in the last quarter. Finally, Bellwether Investment Group LLC raised its holdings in Exxon Mobil by 1.3% during the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock worth $271,000 after purchasing an additional 44 shares in the last quarter. 53.11% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. Vetr lowered shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $90.47 target price on the stock. in a research report on Thursday, November 23rd. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. UBS set a $83.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Monday, December 4th. Credit Suisse Group assumed coverage on shares of Exxon Mobil in a report on Monday, December 11th. They set a “neutral” rating and a $83.00 price target for the company. Finally, JPMorgan Chase & Co. set a $81.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average price target of $86.55.
Exxon Mobil stock traded down $1.07 during mid-day trading on Monday, reaching $74.05. The company had a trading volume of 6,916,707 shares, compared to its average volume of 15,488,895. Exxon Mobil Co. has a fifty-two week low of $73.53 and a fifty-two week high of $89.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.82. The firm has a market capitalization of $318,318.16, a P/E ratio of 15.99, a PEG ratio of 1.12 and a beta of 0.91.
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 for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The firm had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. analysts anticipate that Exxon Mobil Co. will post 4.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were issued 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 4.16%. Exxon Mobil’s dividend payout ratio (DPR) is 66.52%.
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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.
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