Hutchinson Capital Management CA increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,563 shares of the oil and gas company’s stock after acquiring an additional 1,534 shares during the quarter. Exxon Mobil accounts for about 2.1% of Hutchinson Capital Management CA’s holdings, making the stock its 22nd largest position. Hutchinson Capital Management CA’s holdings in Exxon Mobil were worth $7,311,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Exxon Mobil by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after buying an additional 292 shares during the period. Horan Securities Inc. raised its stake in Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares during the last quarter. Watermark Asset Management Inc. acquired a new position in Exxon Mobil during the 1st quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Exxon Mobil by 13.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 51.18% of the company’s stock.
In other news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders sold 33,134 shares of company stock valued at $2,683,730 over the last three months. 0.08% of the stock is owned by company insiders.
Exxon Mobil Corporation (NYSE XOM) traded up $0.11 during trading hours on Tuesday, hitting $83.57. 12,597,700 shares of the company traded hands, compared to its average volume of 10,964,545. Exxon Mobil Corporation has a twelve month low of $76.05 and a twelve month high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $353,628.84, a PE ratio of 23.44, a PEG ratio of 1.75 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the business earned $0.63 earnings per share. research analysts predict that Exxon Mobil Corporation will post 3.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio is presently 100.33%.
A number of equities analysts have recently issued reports on the stock. UBS set a $83.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday. Vetr lowered shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $92.50 target price on the stock. in a report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. BNP Paribas set a $75.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, November 15th. Finally, Goldman Sachs Group set a $86.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $86.14.
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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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