Stillwater Investment Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,867 shares of the oil and gas company’s stock after selling 1,496 shares during the period. Stillwater Investment Management LLC’s holdings in Exxon Mobil were worth $1,829,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of XOM. CWH Capital Management Inc. bought a new position in shares of Exxon Mobil in the second quarter worth $114,000. Litman Gregory Asset Management LLC bought a new position in shares of Exxon Mobil in the third quarter worth $131,000. Acrospire Investment Management LLC increased its position in shares of Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the period. Finally, Saratoga Research & Investment Management bought a new position in shares of Exxon Mobil in the third quarter worth $172,000. Hedge funds and other institutional investors own 53.18% of the company’s stock.
XOM has been the topic of a number of recent analyst reports. Vetr cut Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $87.14 price target on the stock. in a research report on Tuesday, February 27th. Jefferies Group set a $90.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, January 19th. Barclays restated a “sell” rating and issued a $84.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 20th. Societe Generale reiterated a “buy” rating and issued a $87.00 target price on shares of Exxon Mobil in a research report on Tuesday, March 13th. Finally, JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $86.55.
Shares of Exxon Mobil stock opened at $75.12 on Monday. Exxon Mobil Co. has a 12 month low of $73.53 and a 12 month high of $89.30. The company has a market capitalization of $318,318.16, a PE ratio of 16.22, a PEG ratio of 1.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.82.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.00%. The firm had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that Exxon Mobil Co. will post 4.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.
COPYRIGHT VIOLATION NOTICE: “Stillwater Investment Management LLC Sells 1,496 Shares of Exxon Mobil Co. (XOM)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/19/stillwater-investment-management-llc-sells-1496-shares-of-exxon-mobil-co-xom.html.
Exxon Mobil Company 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.
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.