SignalPoint Asset Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 23.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,469 shares of the oil and gas company’s stock after selling 7,283 shares during the period. Exxon Mobil accounts for about 1.0% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. SignalPoint Asset Management LLC’s holdings in Exxon Mobil were worth $1,923,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of XOM. Shell Asset Management Co. boosted its position in shares of Exxon Mobil by 31.9% during the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after buying an additional 257,727 shares during the period. Baldwin Brothers Inc. MA boosted its position in shares of Exxon Mobil by 14.4% during the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock worth $8,472,000 after buying an additional 13,206 shares during the period. Compass Capital Management Inc. boosted its position in shares of Exxon Mobil by 1.5% during the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock worth $1,071,000 after buying an additional 199 shares during the period. Perkins Coie Trust Co boosted its position in shares of Exxon Mobil by 47.6% during the second quarter. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company’s stock worth $790,000 after buying an additional 3,154 shares during the period. Finally, Mizuho Securities USA LLC acquired a new position in shares of Exxon Mobil during the third quarter worth approximately $1,255,000. Institutional investors own 51.29% of the company’s stock.
Exxon Mobil Co. (NYSE:XOM) opened at $76.42 on Tuesday. The stock has a market capitalization of $323,800.00, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82. Exxon Mobil Co. has a twelve month low of $73.90 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.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. Exxon Mobil’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. equities research analysts forecast that Exxon Mobil Co. will post 4.85 EPS for the current fiscal year.
The business also recently declared 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 dividend yield of 4.03%. Exxon Mobil’s dividend payout ratio is currently 66.52%.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the transaction, the vice president now owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction 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 in the company, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 in the last ninety days. 0.08% of the stock is owned by corporate insiders.
XOM has been the subject of several analyst reports. Morgan Stanley set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, October 17th. BMO Capital Markets set a $80.00 price objective on 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 Exxon Mobil and gave the stock a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded 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 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, October 30th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.42.
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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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