Exxon Mobil Co. (XOM) Position Trimmed by Van Strum & Towne Inc.

Van Strum & Towne Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,889 shares of the oil and gas company’s stock after selling 1,044 shares during the quarter. Exxon Mobil accounts for approximately 2.0% of Van Strum & Towne Inc.’s holdings, making the stock its 23rd biggest holding. Van Strum & Towne Inc.’s holdings in Exxon Mobil were worth $3,024,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of XOM. Vanguard Group Inc. grew its stake 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 acquiring an additional 10,366,636 shares in the last quarter. Capital Research Global Investors grew its stake in Exxon Mobil by 7.0% in the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after acquiring an additional 2,058,060 shares in the last quarter. Legal & General Group Plc grew its stake in Exxon Mobil by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after acquiring an additional 604,537 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Exxon Mobil by 7.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after acquiring an additional 1,406,529 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Exxon Mobil by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 18,988,328 shares of the oil and gas company’s stock worth $1,556,586,000 after acquiring an additional 527,894 shares in the last quarter. 51.65% of the stock is currently owned by institutional investors.

XOM has been the topic of a number of research analyst reports. 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 note on Thursday, October 26th. Wells Fargo & Co set a $84.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, October 30th. Goldman Sachs Group set a $86.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, October 30th. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Finally, downgraded shares of Exxon Mobil from a “hold” rating to a “reduce” rating and dropped their target price for the stock 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 issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and an average price target of $87.02.

In other Exxon Mobil news, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares in the company, valued at $15,645,464.31. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James M. Spellings, Jr. sold 9,379 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. 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. 0.08% of the stock is owned by insiders.

Exxon Mobil Co. (NYSE XOM) opened at $75.86 on Friday. The stock has a market cap of $317,316.88, a P/E ratio of 16.38, a PEG ratio of 1.01 and a beta of 0.82. Exxon Mobil Co. has a one year low of $73.90 and a one year 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 announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ 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%. Exxon Mobil’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. analysts predict that Exxon Mobil Co. will post 4.85 EPS for the current 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 paid a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.06%. Exxon Mobil’s dividend payout ratio (DPR) is 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.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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