Point View Wealth Management Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 42,746 shares of the oil and gas company’s stock after purchasing an additional 1,678 shares during the quarter. Exxon Mobil comprises about 1.7% of Point View Wealth Management Inc.’s portfolio, making the stock its 2nd biggest holding. Point View Wealth Management Inc.’s holdings in Exxon Mobil were worth $3,505,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of XOM. Vanguard Group Inc. grew its holdings in Exxon Mobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Exxon Mobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in Exxon Mobil by 8,029.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares in the last quarter. APG Asset Management N.V. grew its holdings in Exxon Mobil by 22.6% in the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after buying an additional 2,546,570 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Exxon Mobil by 365.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock worth $214,591,000 after buying an additional 2,087,165 shares in the last quarter. 51.29% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Thursday, October 26th. Wells Fargo & Co set a $84.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, October 30th. Goldman Sachs Group set a $86.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, October 30th. TheStreet raised Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Finally, lowered Exxon Mobil from a “hold” rating to a “reduce” rating and decreased their price target for the company from $83.60 to $77.00 in a research note on Tuesday, November 7th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.02.
In other news, VP Neil A. Chapman sold 12,000 shares of the 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 completion of the sale, the vice president now owns 291,385 shares in the company, valued at $24,199,524.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction 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 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. Insiders sold 51,357 shares of company stock valued at $4,273,910 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE XOM) opened at $76.54 on Monday. Exxon Mobil Co. has a 52-week low of $73.90 and a 52-week high of $89.30. The company has a market capitalization of $324,310.00, a price-to-earnings ratio of 16.53, 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 quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The company had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same quarter last year, the company posted $0.41 EPS. Exxon Mobil’s revenue was up 9.0% on a year-over-year basis. sell-side analysts forecast that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. Exxon Mobil’s payout ratio is currently 66.52%.
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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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