Ladenburg Thalmann Financial Services Inc. trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.0% in the 3rd quarter, Holdings Channel reports. The firm owned 778,409 shares of the oil and gas company’s stock after selling 49,529 shares during the quarter. Exxon Mobil makes up about 0.7% of Ladenburg Thalmann Financial Services Inc.’s portfolio, making the stock its 25th biggest position. Ladenburg Thalmann Financial Services Inc.’s holdings in Exxon Mobil were worth $63,805,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWH Capital Management Inc. acquired a new position in Exxon Mobil during the second quarter valued at $114,000. Litman Gregory Asset Management LLC acquired a new position in Exxon Mobil during the third quarter valued at $131,000. Acrospire Investment Management LLC raised its position in Exxon Mobil by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Exxon Mobil by 2.7% during the second 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 buying an additional 50 shares during the period. Finally, Saratoga Research & Investment Management acquired a new position in Exxon Mobil during the third quarter valued at $172,000. 53.18% of the stock is owned by institutional investors and hedge funds.
In related news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was 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 filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
Shares of Exxon Mobil Co. (XOM) opened at $74.53 on Wednesday. The stock has a market capitalization of $315,820.00, a PE ratio of 23.07, a PEG ratio of 1.02 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $73.56 and a 52 week high of $89.30. 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 (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 the consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion for 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. research analysts expect that Exxon Mobil Co. will post 4.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.13%. Exxon Mobil’s payout ratio is 95.36%.
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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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