RKL Wealth Management LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 8.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,583 shares of the oil and gas company’s stock after buying an additional 3,448 shares during the period. RKL Wealth Management LLC’s holdings in Exxon Mobil were worth $3,487,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Vigilant Capital Management LLC grew its position in shares of Exxon Mobil by 10.8% in the second quarter. Vigilant Capital Management LLC now owns 118,023 shares of the oil and gas company’s stock valued at $9,528,000 after purchasing an additional 11,505 shares during the period. Cascade Investment Advisors Inc. grew its position in shares of Exxon Mobil by 18.1% in the second quarter. Cascade Investment Advisors Inc. now owns 19,268 shares of the oil and gas company’s stock valued at $1,556,000 after purchasing an additional 2,958 shares during the period. Winslow Evans & Crocker Inc. grew its position in shares of Exxon Mobil by 7.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 100,422 shares of the oil and gas company’s stock valued at $8,111,000 after purchasing an additional 6,588 shares during the period. Lederer & Associates Investment Counsel CA grew its position in shares of Exxon Mobil by 5.1% in the second quarter. Lederer & Associates Investment Counsel CA now owns 21,381 shares of the oil and gas company’s stock valued at $1,726,000 after purchasing an additional 1,040 shares during the period. Finally, Balasa Dinverno & Foltz LLC grew its position in shares of Exxon Mobil by 5.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 23,219 shares of the oil and gas company’s stock valued at $1,874,000 after purchasing an additional 1,096 shares during the period. 51.29% of the stock is owned by institutional investors.
Exxon Mobil Co. (NYSE:XOM) opened at $76.42 on Tuesday. The firm has a market cap of $323,800.00, a PE ratio of 16.51, a P/E/G ratio of 1.02 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. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. analysts anticipate that Exxon Mobil Co. will post 4.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.03%. Exxon Mobil’s payout ratio is 66.52%.
Several analysts have recently issued reports on XOM shares. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Thursday, October 26th. 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. Howard Weil upgraded shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. Finally, Jefferies Group set a $84.00 target price on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $87.42.
In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction 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 a total of 51,357 shares of company stock worth $4,273,910 over the last quarter. 0.08% of the stock is currently owned by company insiders.
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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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