Kiwi Wealth Investments Limited Partnership Decreases Holdings in Exxon Mobil Co. (XOM)

Kiwi Wealth Investments Limited Partnership reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,539 shares of the oil and gas company’s stock after selling 1,734 shares during the period. Kiwi Wealth Investments Limited Partnership’s holdings in Exxon Mobil were worth $782,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Asset Management Advisors LLC boosted its position in shares of 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 period. C M Bidwell & Associates Ltd. boosted its position 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 acquiring an additional 30 shares during the period. Lehman Financial Resources Inc. boosted its position 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 acquiring an additional 35 shares during the period. Intellectus Partners LLC boosted its position in shares of Exxon Mobil by 0.7% in the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 41 shares during the period. Finally, Bellwether Investment Group LLC boosted its position in shares of Exxon Mobil by 1.3% in the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 51.28% of the company’s stock.

In other news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the transaction, the vice president now directly owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Exxon Mobil Co. (NYSE:XOM) opened at $75.78 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a market capitalization of $321,090.00, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82. Exxon Mobil Co. has a 52 week low of $73.90 and a 52 week high of $89.30.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The firm had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. During the same period in the prior year, the company earned $0.41 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. sell-side analysts forecast that Exxon Mobil Co. will post 4.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s dividend payout ratio is currently 66.52%.

A number of equities research analysts have recently issued reports on XOM shares. Morgan Stanley set a $85.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Tuesday, October 17th. BMO Capital Markets set a $80.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday, October 26th. Finally, Wells Fargo & Co set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. Seven research 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 stock. The company has an average rating of “Hold” and an average price target of $87.42.

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Exxon Mobil 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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