Linscomb & Williams Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 873,407 shares of the oil and gas company’s stock after selling 15,819 shares during the quarter. Exxon Mobil makes up approximately 6.1% of Linscomb & Williams Inc.’s portfolio, making the stock its 5th biggest position. Linscomb & Williams Inc.’s holdings in Exxon Mobil were worth $71,602,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in XOM. CWH Capital Management Inc. acquired a new position in Exxon Mobil in the second quarter valued at approximately $114,000. Horan Securities Inc. boosted its holdings in Exxon Mobil by 20.8% in the second 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 in the last quarter. Acrospire Investment Management LLC boosted its holdings in Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management acquired a new position in Exxon Mobil in the third quarter valued at approximately $172,000. 51.18% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Co. (XOM) traded down $4.54 during trading on Friday, hitting $84.53. The stock had a trading volume of 29,684,559 shares, compared to its average volume of 11,460,000. Exxon Mobil Co. has a twelve month low of $76.05 and a twelve month high of $89.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market capitalization of $358,160.00, a PE ratio of 18.26, a PEG ratio of 1.15 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.15). Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. During the same quarter last year, the company earned $0.41 EPS. Exxon Mobil’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts expect that Exxon Mobil Co. will post 4.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors 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 3.64%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s dividend payout ratio is presently 66.52%.
A number of equities analysts recently issued reports on the company. Goldman Sachs Group set a $92.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, January 22nd. Jefferies Group set a $84.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research note on Thursday, October 19th. BMO Capital Markets set a $80.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research note on Wednesday, October 18th. JPMorgan Chase & Co. set a $81.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $87.82.
In related news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total value of $781,927.23. Following the transaction, the insider now directly owns 220,000 shares in the company, valued at approximately $18,341,400. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock worth $4,273,910 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
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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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