Marino Stram & Associates LLC Sells 43,691 Shares of Exxon Mobil Co. (NYSE:XOM)

Marino Stram & Associates LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 77.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,362 shares of the oil and gas company’s stock after selling 43,691 shares during the quarter. Marino Stram & Associates LLC’s holdings in Exxon Mobil were worth $727,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Amundi bought a new position in shares of Exxon Mobil during the second quarter valued at $986,290,000. GQG Partners LLC bought a new position in shares of Exxon Mobil during the second quarter valued at $899,097,000. FMR LLC raised its stake in shares of Exxon Mobil by 7.2% during the second quarter. FMR LLC now owns 91,323,495 shares of the oil and gas company’s stock valued at $5,760,686,000 after acquiring an additional 6,141,561 shares during the last quarter. State Street Corp raised its stake in shares of Exxon Mobil by 2.0% during the second quarter. State Street Corp now owns 252,449,984 shares of the oil and gas company’s stock valued at $15,924,545,000 after acquiring an additional 4,874,643 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Exxon Mobil by 1.1% during the second quarter. Vanguard Group Inc. now owns 353,122,370 shares of the oil and gas company’s stock valued at $22,274,960,000 after acquiring an additional 3,683,303 shares during the last quarter. 51.66% of the stock is owned by institutional investors and hedge funds.

In related news, Director Michael J. Angelakis purchased 5,000 shares of the business’s stock in a transaction on Wednesday, November 3rd. The stock was acquired at an average price of $64.00 per share, with a total value of $320,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.05% of the stock is owned by insiders.

Several equities analysts have recently issued reports on the stock. Credit Suisse Group reaffirmed a “neutral” rating on shares of Exxon Mobil in a research note on Thursday, October 21st. Bank of America reissued a “buy” rating and set a $95.00 target price on shares of Exxon Mobil in a research note on Monday, November 1st. The Goldman Sachs Group set a $71.00 target price on shares of Exxon Mobil in a research note on Monday, November 1st. Royal Bank of Canada set a $65.00 target price on shares of Exxon Mobil in a research note on Friday, October 29th. Finally, DZ Bank downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and lowered their target price for the stock from $67.00 to $62.50 in a research note on Tuesday, August 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $61.94.

Shares of NYSE:XOM opened at $63.48 on Thursday. The company has a 50 day moving average of $61.91 and a 200 day moving average of $59.90. The stock has a market cap of $268.75 billion, a P/E ratio of -45.67, a P/E/G ratio of 0.90 and a beta of 1.37. Exxon Mobil Co. has a 12 month low of $37.97 and a 12 month high of $66.38. The company has a current ratio of 0.90, a quick ratio of 0.58 and a debt-to-equity ratio of 0.26.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.56 by $0.02. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. The company had revenue of $73.79 billion during the quarter, compared to analysts’ expectations of $72.05 billion. During the same quarter in the previous year, the company earned ($0.18) earnings per share. Exxon Mobil’s revenue for the quarter was up 59.7% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 5.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Friday, November 12th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Wednesday, November 10th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.87. Exxon Mobil’s payout ratio is currently -253.24%.

Exxon Mobil Profile

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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