Lido Advisors LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,673 shares of the oil and gas company’s stock after selling 2,150 shares during the quarter. Lido Advisors LLC’s holdings in Exxon Mobil were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. Shell Asset Management Co. increased its position in Exxon Mobil by 31.9% during the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after acquiring an additional 257,727 shares during the last quarter. Toronto Dominion Bank increased its position in Exxon Mobil by 5.5% during the third quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock valued at $148,994,000 after acquiring an additional 95,071 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in Exxon Mobil during the third quarter valued at $1,255,000. Rockefeller Financial Services Inc. increased its position in Exxon Mobil by 15.5% during the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock valued at $76,511,000 after acquiring an additional 125,501 shares during the last quarter. Finally, West Coast Financial LLC increased its position in Exxon Mobil by 37.0% during the third quarter. West Coast Financial LLC now owns 67,185 shares of the oil and gas company’s stock valued at $5,508,000 after acquiring an additional 18,133 shares during the last quarter. Hedge funds and other institutional investors own 52.21% of the company’s stock.
A number of research firms recently commented on XOM. Vetr upgraded 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 reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Goldman Sachs Group reiterated a “neutral” rating and set 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 company a “neutral” rating in a research report on Thursday, January 11th. Finally, Barclays cut Exxon Mobil from an “overweight” rating to an “underweight” rating and reduced their price objective for the company 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $86.37.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. research analysts forecast that Exxon Mobil Co. will post 4.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is 95.36%.
In other news, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the transaction, the vice president now owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was 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 of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Corporate 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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