Ameriprise Financial Inc. raised its position in Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,988,328 shares of the oil and gas company’s stock after purchasing an additional 527,894 shares during the quarter. Exxon Mobil accounts for approximately 0.7% of Ameriprise Financial Inc.’s holdings, making the stock its 23rd largest holding. Ameriprise Financial Inc. owned 0.45% of Exxon Mobil worth $1,556,586,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Winslow Evans & Crocker Inc. raised its stake in shares of Exxon Mobil by 7.0% in the 2nd 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 raised its stake in shares of Exxon Mobil by 5.1% in the 2nd 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. Balasa Dinverno & Foltz LLC increased 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 acquiring an additional 1,096 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Exxon Mobil by 1.6% in the second quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock valued at $65,262,000 after acquiring an additional 12,362 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A increased its position in shares of Exxon Mobil by 1.5% in the second quarter. OLD Point Trust & Financial Services N A now owns 71,029 shares of the oil and gas company’s stock valued at $5,734,000 after acquiring an additional 1,048 shares during the last quarter. 51.29% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Robert N. Schleckser sold 4,877 shares of the business’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 transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the business’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 sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,357 shares of company stock valued at $4,273,910. Corporate insiders own 0.08% of the company’s stock.
XOM has been the topic of a number of recent research reports. Howard Weil raised Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Saturday, January 13th. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 target price on the stock in a research report on Thursday, December 7th. Goldman Sachs Group set a $92.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Finally, Jefferies Group set a $90.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, January 19th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $87.42.
Shares of Exxon Mobil Co. (XOM) opened at $76.30 on Wednesday. Exxon Mobil Co. has a 1-year low of $73.90 and a 1-year high of $89.30. The stock has a market capitalization of $323,290.00, a P/E ratio of 16.48, a PEG ratio of 1.02 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The firm had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 9.0% on a year-over-year basis. equities research analysts expect 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 issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s dividend payout ratio is presently 66.52%.
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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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