AGF Investments Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 930,704 shares of the oil and gas company’s stock after purchasing an additional 65,017 shares during the quarter. AGF Investments Inc.’s holdings in Exxon Mobil were worth $76,299,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of XOM. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil during the second quarter worth $114,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Exxon Mobil during the third quarter valued at $131,000. Acrospire Investment Management LLC grew its holdings in shares of Exxon Mobil by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Exxon Mobil by 2.7% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management purchased a new stake in Exxon Mobil in the third quarter valued at $172,000. 51.65% of the stock is owned by institutional investors.
In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,750,555.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the sale, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by insiders.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The company had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. analysts forecast that Exxon Mobil Co. will post 4.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 3.97%. Exxon Mobil’s payout ratio is 95.36%.
Several equities research analysts have commented on the stock. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price target on the stock in a report on Friday, November 17th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $96.00 price target on shares of Exxon Mobil in a report on Thursday, February 1st. Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, Barclays lowered shares of Exxon Mobil from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $91.00 to $84.00 in a report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $86.98.
TRADEMARK VIOLATION NOTICE: “AGF Investments Inc. Acquires 65,017 Shares of Exxon Mobil Co. (XOM)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3222484/agf-investments-inc-acquires-65017-shares-of-exxon-mobil-co-xom.html.
Exxon Mobil Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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).
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.