Jupiter Asset Management Ltd. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 56.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,958 shares of the oil and gas company’s stock after purchasing an additional 16,588 shares during the period. Jupiter Asset Management Ltd.’s holdings in Exxon Mobil were worth $2,703,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management bought a new position in Exxon Mobil in the 2nd quarter worth approximately $42,000. Atlas Capital Advisors LLC raised its position in shares of Exxon Mobil by 34.0% during the 3rd quarter. Atlas Capital Advisors LLC now owns 717 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 182 shares during the last quarter. Lion Street Advisors LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $44,000. True Link Financial Advisors LLC raised its position in shares of Exxon Mobil by 135.3% during the 3rd quarter. True Link Financial Advisors LLC now owns 1,026 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 590 shares during the last quarter. Finally, Strategic Asset Management LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $66,000. Hedge funds and other institutional investors own 51.71% of the company’s stock.
In other Exxon Mobil news, VP Leonard M. Fox sold 7,300 shares of the stock in a transaction dated Tuesday, December 14th. The shares were sold at an average price of $61.81, for a total value of $451,213.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael J. Angelakis purchased 5,000 shares of the stock in a transaction on Wednesday, November 3rd. The stock was bought at an average cost of $64.00 per share, for a total transaction of $320,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 5,544 shares of company stock worth $352,640 and sold 28,400 shares worth $1,771,158. 0.05% of the stock is owned by corporate insiders.
Shares of XOM stock opened at $71.87 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.58 and a current ratio of 0.90. The firm’s 50-day moving average is $63.45 and its 200-day moving average is $60.43. The stock has a market cap of $304.27 billion, a price-to-earnings ratio of -51.71, a PEG ratio of 0.81 and a beta of 1.36. Exxon Mobil Co. has a 52-week low of $44.29 and a 52-week high of $72.14.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Thursday, October 28th. The oil and gas company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.02. The company had revenue of $73.79 billion for the quarter, compared to analysts’ expectations of $72.05 billion. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. Exxon Mobil’s quarterly revenue was up 59.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) EPS. Sell-side analysts predict that Exxon Mobil Co. will post 5.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 12th were issued a $0.88 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.87. This represents a $3.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Wednesday, November 10th. Exxon Mobil’s dividend payout ratio is currently -253.24%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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