Exxon Mobil Co. (XOM) Stake Increased by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 494.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,373 shares of the oil and gas company’s stock after acquiring an additional 62,686 shares during the quarter. Exxon Mobil comprises about 0.6% of Sand Hill Global Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Sand Hill Global Advisors LLC’s holdings in Exxon Mobil were worth $6,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Kwmg LLC purchased a new position in shares of Exxon Mobil in the second quarter worth approximately $102,000. Clearwater Capital Advisors LLC purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $122,000. Trilogy Capital Inc. purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $149,000. Winfield Associates Inc. purchased a new position in shares of Exxon Mobil in the second quarter worth approximately $160,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil in the second quarter worth approximately $197,000. 53.33% of the stock is currently owned by hedge funds and other institutional investors.

XOM has been the topic of a number of research reports. Jefferies Financial Group reissued a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a report on Wednesday, August 15th. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, August 22nd. BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Tuesday, August 28th. Credit Suisse Group set a $80.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday, August 28th. Finally, Macquarie reissued a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a report on Thursday, August 30th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $86.82.

NYSE XOM opened at $78.39 on Friday. Exxon Mobil Co. has a 12 month low of $72.15 and a 12 month high of $89.30. The company has a market cap of $336.58 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.26 and a beta of 0.84. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The company had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter last year, the business earned $0.93 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 4.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s payout ratio is 91.36%.

In other news, VP David S. Rosenthal sold 7,562 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total transaction of $614,336.88. Following the sale, the vice president now owns 258,250 shares in the company, valued at $20,980,230. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,939 shares of company stock worth $3,241,095. Company insiders own 0.08% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/12/07/exxon-mobil-co-xom-stake-increased-by-sand-hill-global-advisors-llc.html.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

Further Reading: Should you buy a closed-end mutual fund?

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).

Institutional Ownership by Quarter for Exxon Mobil (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.


Leave a Reply