LVW Advisors LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,580 shares of the oil and gas company’s stock after selling 3,172 shares during the quarter. Exxon Mobil makes up approximately 1.2% of LVW Advisors LLC’s portfolio, making the stock its 23rd biggest position. LVW Advisors LLC’s holdings in Exxon Mobil were worth $2,999,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Exxon Mobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares in the last quarter. APG Asset Management N.V. raised its position in shares of Exxon Mobil by 22.6% in the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after acquiring an additional 2,546,570 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Exxon Mobil by 365.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock worth $214,591,000 after acquiring an additional 2,087,165 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Exxon Mobil by 7.0% in the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after acquiring an additional 2,058,060 shares in the last quarter. 51.65% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the company. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price objective for the company in a research report on Friday, November 17th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Goldman Sachs Group reissued a “neutral” rating and issued a $96.00 price objective on shares of Exxon Mobil in a research report on Thursday, February 1st. Wells Fargo & Co set a $88.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Barclays lowered Exxon Mobil from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $91.00 to $84.00 in a research report on Tuesday, February 6th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $87.05.
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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The company had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. Exxon Mobil’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. equities analysts anticipate that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.77 per share. 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 4.07%. Exxon Mobil’s dividend payout ratio (DPR) is currently 95.36%.
In other Exxon Mobil news, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the transaction, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the transaction, the vice president now owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 in the last quarter. Company insiders own 0.08% of the company’s stock.
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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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