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.
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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.
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