Reynders McVeigh Capital Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,631 shares of the oil and gas company’s stock after selling 2,306 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Exxon Mobil were worth $3,905,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $114,000. Litman Gregory Asset Management LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $131,000. Acrospire Investment Management LLC raised its holdings in shares of Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the period. Finally, Saratoga Research & Investment Management bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $172,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.
In related news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the transaction, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 over the last quarter. 0.08% of the stock is owned by company insiders.
Exxon Mobil Co. (NYSE XOM) opened at $77.50 on Wednesday. The company has a market cap of $328,380.00, a price-to-earnings ratio of 23.99, a PEG ratio of 1.05 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $73.90 and a 1 year high of $89.30.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The firm had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. sell-side analysts anticipate that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be given a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 3.97%. Exxon Mobil’s dividend payout ratio (DPR) is presently 95.36%.
About Exxon Mobil
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.
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