Sand Hill Global Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,587 shares of the oil and gas company’s stock after buying an additional 1,328 shares during the period. Exxon Mobil accounts for approximately 0.7% of Sand Hill Global Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Sand Hill Global Advisors LLC’s holdings in Exxon Mobil were worth $6,115,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CWH Capital Management Inc. acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $114,000. Litman Gregory Asset Management LLC bought a new position in Exxon Mobil in the 3rd quarter valued at about $131,000. Acrospire Investment Management LLC lifted its position in 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 valued at $140,000 after acquiring an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in 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 valued at $153,000 after acquiring an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management bought a new position in Exxon Mobil in the 3rd quarter valued at about $172,000. Institutional investors own 53.18% of the company’s stock.
Exxon Mobil Co. (XOM) opened at $75.24 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.82. Exxon Mobil Co. has a 1 year low of $73.56 and a 1 year high of $89.30. The company has a market cap of $318,830.00, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.09%. Exxon Mobil’s payout ratio is currently 95.36%.
In other news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the sale, the vice president now owns 291,385 shares in the company, valued at approximately $24,199,524.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
XOM has been the topic of several recent research reports. Howard Weil raised shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. Goldman Sachs Group set a $92.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Saturday, January 13th. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price target on the stock in a research report on Thursday, December 7th. Finally, Jefferies Group set a $90.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, January 19th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average price target of $86.37.
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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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