Wimmer Associates 1 LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,282 shares of the oil and gas company’s stock after selling 1,734 shares during the quarter. Exxon Mobil makes up 1.7% of Wimmer Associates 1 LLC’s holdings, making the stock its 22nd biggest holding. Wimmer Associates 1 LLC’s holdings in Exxon Mobil were worth $1,827,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Asset Management Advisors LLC boosted its stake in shares of Exxon Mobil by 0.3% during the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 7 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its stake in shares of Exxon Mobil by 1.3% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 30 shares in the last quarter. Lehman Financial Resources Inc. boosted its stake in shares of Exxon Mobil by 0.5% during the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of Exxon Mobil by 0.7% during the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 41 shares in the last quarter. Finally, Bellwether Investment Group LLC boosted its stake in shares of Exxon Mobil by 1.3% during the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after purchasing an additional 44 shares in the last quarter. 53.18% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on XOM. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price target on the stock in a research note on Friday, November 17th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Goldman Sachs Group reissued a “neutral” rating and set a $96.00 price target on shares of Exxon Mobil in a research note on Thursday, February 1st. Wells Fargo & Co set a $88.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, Barclays lowered Exxon Mobil from an “overweight” rating to an “underweight” rating and cut their price target for the company from $91.00 to $84.00 in a research note on Tuesday, February 6th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $86.37.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. equities analysts anticipate that Exxon Mobil Co. will post 4.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were issued 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 yield of 4.13%. Exxon Mobil’s payout ratio is currently 66.52%.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction that occurred on 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 in the company, valued at $24,199,524.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.
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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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