QS Investors LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 652,711 shares of the oil and gas company’s stock after purchasing an additional 38,229 shares during the period. QS Investors LLC’s holdings in Exxon Mobil were worth $52,693,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Horan Securities Inc. increased 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 worth $122,000 after buying an additional 260 shares in the last quarter. Watermark Asset Management Inc. purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $136,000. Acrospire Investment Management LLC increased its stake in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after buying an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after buying an additional 50 shares in the last quarter. Finally, Asset Management Advisors LLC increased its stake in Exxon Mobil by 0.3% during the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.
In related news, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the transaction, the vice president now directly owns 187,663 shares in the company, valued at $15,645,464.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $15,750,555.59. The disclosure for this sale can be found here. Insiders sold 42,513 shares of company stock worth $3,465,657 over the last quarter. 0.08% of the stock is currently owned by insiders.
XOM has been the subject of several research reports. Vetr lowered Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research note on Friday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Barclays reiterated an “overweight” rating and set a $94.00 price objective (up from $91.00) on shares of Exxon Mobil in a research note on Friday, October 13th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Monday, September 25th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $86.14.
Exxon Mobil Corporation (NYSE XOM) traded up $0.11 on Monday, reaching $82.66. The company had a trading volume of 11,988,600 shares, compared to its average volume of 10,974,021. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The firm has a market capitalization of $350,239.19, a PE ratio of 23.22, a PEG ratio of 1.73 and a beta of 0.83. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same period in the prior year, the firm posted $0.63 earnings per share. equities analysts predict that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.
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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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