L & S Advisors Inc lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,181 shares of the oil and gas company’s stock after selling 6,200 shares during the quarter. L & S Advisors Inc’s holdings in Exxon Mobil were worth $5,262,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. CWH Capital Management Inc. purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at $114,000. Litman Gregory Asset Management LLC acquired a new position in Exxon Mobil during the 3rd quarter worth $131,000. Acrospire Investment Management LLC grew its stake in Exxon Mobil by 172.7% during 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Exxon Mobil by 2.7% during 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 in the last quarter. Finally, Saratoga Research & Investment Management acquired a new position in Exxon Mobil during the 3rd quarter worth $172,000. Institutional investors own 52.21% of the company’s stock.
XOM has been the subject of several analyst reports. BNP Paribas set a $75.00 target price on Exxon Mobil and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Royal Bank of Canada lowered their target price on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating for the company in a research note on Thursday, November 16th. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 target price for the company in a research note on Friday, November 17th. UBS Group set a $83.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, December 4th. Finally, Credit Suisse Group initiated coverage on Exxon Mobil in a research note on Monday, December 11th. They set a “neutral” rating and a $83.00 target price for the company. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and an average price target of $86.37.
Exxon Mobil (NYSE:XOM) last announced its 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 firm had revenue of $66.52 billion during 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 8.00%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. equities research analysts predict that Exxon Mobil Co. will post 4.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.13%. Exxon Mobil’s dividend payout ratio (DPR) is presently 95.36%.
In related 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 sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.
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.
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