Kornitzer Capital Management Inc. KS boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 651,968 shares of the oil and gas company’s stock after buying an additional 17,395 shares during the period. Exxon Mobil comprises 0.9% of Kornitzer Capital Management Inc. KS’s investment portfolio, making the stock its 16th largest holding. Kornitzer Capital Management Inc. KS’s holdings in Exxon Mobil were worth $53,448,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the company. Shell Asset Management Co. lifted its holdings 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 last quarter. Baldwin Brothers Inc. MA raised its stake in shares of Exxon Mobil by 14.4% in the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock valued at $8,472,000 after purchasing an additional 13,206 shares in the last quarter. Compass Capital Management Inc. raised its stake in shares of Exxon Mobil by 1.5% in the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock valued at $1,071,000 after purchasing an additional 199 shares in the last quarter. Mizuho Securities USA LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at $1,255,000. Finally, Rockefeller Financial Services Inc. raised its stake in shares of Exxon Mobil by 15.5% in the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock valued at $76,511,000 after purchasing an additional 125,501 shares in the last quarter. Institutional investors own 51.29% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE XOM) traded up $0.16 during trading on Wednesday, reaching $76.46. The company had a trading volume of 17,187,945 shares, compared to its average volume of 15,230,000. Exxon Mobil Co. has a 1-year low of $73.90 and a 1-year high of $89.30. The firm has a market cap of $323,970.00, a price-to-earnings ratio of 16.51, a PEG ratio of 1.03 and a beta of 0.82. 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 announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. analysts anticipate 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 paid a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.03%. Exxon Mobil’s dividend payout ratio is 66.52%.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 291,385 shares in the company, valued at $24,199,524.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders 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 subject of several recent analyst reports. Morgan Stanley set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note 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 note on Wednesday, October 18th. Jefferies Group set a $84.00 target price on Exxon Mobil and gave the stock a “hold” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a 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 analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target 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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