Ferguson Wellman Capital Management Inc. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,979 shares of the oil and gas company’s stock after selling 4,349 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Exxon Mobil were worth $13,235,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in XOM. Kwmg LLC purchased a new position in Exxon Mobil in the second quarter valued at approximately $102,000. Clearwater Capital Advisors LLC purchased a new position in Exxon Mobil in the first quarter valued at approximately $122,000. Trilogy Capital Inc. purchased a new position in Exxon Mobil in the first quarter valued at approximately $149,000. Winfield Associates Inc. purchased a new position in Exxon Mobil in the second quarter valued at approximately $160,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the second quarter valued at approximately $197,000. Hedge funds and other institutional investors own 53.33% of the company’s stock.
XOM stock opened at $78.39 on Friday. The company has a market capitalization of $336.58 billion, a PE ratio of 21.84, a PEG ratio of 2.26 and a beta of 0.84. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 4.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is currently 91.36%.
In related news, VP David S. Rosenthal sold 7,562 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total transaction of $614,336.88. Following the completion of the sale, the vice president now directly owns 258,250 shares of the company’s stock, valued at $20,980,230. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The disclosure for this sale can be found here. Insiders sold 39,939 shares of company stock valued at $3,241,095 over the last three months. Corporate insiders own 0.08% of the company’s stock.
XOM has been the topic of several recent analyst reports. Morningstar set a $90.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, September 5th. BNP Paribas set a $85.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, August 28th. Wolfe Research upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. Jefferies Financial Group set a $87.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 24th. Finally, Macquarie reiterated a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research note on Friday, October 19th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus target price of $86.82.
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Exxon Mobil Profile
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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