Azimuth Capital Management LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 258,958 shares of the oil and gas company’s stock after selling 1,598 shares during the quarter. Exxon Mobil accounts for 1.5% of Azimuth Capital Management LLC’s holdings, making the stock its 7th largest holding. Azimuth Capital Management LLC’s holdings in Exxon Mobil were worth $21,424,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of XOM. Kornitzer Capital Management Inc. KS lifted its stake in shares of Exxon Mobil by 2.4% during the second quarter. Kornitzer Capital Management Inc. KS now owns 719,002 shares of the oil and gas company’s stock worth $59,483,000 after purchasing an additional 16,794 shares in the last quarter. Barings LLC lifted its stake in shares of Exxon Mobil by 18.8% during the second quarter. Barings LLC now owns 196,145 shares of the oil and gas company’s stock worth $16,227,000 after purchasing an additional 31,109 shares in the last quarter. Koch Industries Inc. lifted its stake in shares of Exxon Mobil by 343.1% during the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock worth $932,000 after purchasing an additional 9,676 shares in the last quarter. First Command Bank lifted its stake in shares of Exxon Mobil by 96.0% during the second quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock worth $15,550,000 after purchasing an additional 92,058 shares in the last quarter. Finally, First Financial Bank Trust Division lifted its stake in shares of Exxon Mobil by 3.5% during the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock worth $7,078,000 after purchasing an additional 2,883 shares in the last quarter. Hedge funds and other institutional investors own 53.33% of the company’s stock.
Shares of NYSE XOM opened at $77.64 on Friday. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30. The stock has a market cap of $336.58 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The business had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 4.84 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is 91.36%.
A number of research analysts have commented on XOM shares. Morningstar set a $90.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, September 5th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, August 28th. Wolfe Research upgraded 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 objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 24th. Finally, Macquarie restated a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a research note on Friday, October 19th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.82.
In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert N. Schleckser sold 7,855 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.91, for a total value of $619,838.05. Following the completion of the sale, the vice president now directly owns 207,940 shares of the company’s stock, valued at $16,408,545.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,939 shares of company stock worth $3,241,095. Corporate insiders own 0.08% of the company’s stock.
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Exxon Mobil Company 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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