Exxon Mobil Co. (XOM) Shares Bought by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,980 shares of the oil and gas company’s stock after acquiring an additional 1,693 shares during the quarter. Exxon Mobil makes up 0.8% of Stratos Wealth Partners LTD.’s holdings, making the stock its 21st biggest position. Stratos Wealth Partners LTD.’s holdings in Exxon Mobil were worth $17,460,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in XOM. Shell Asset Management Co. increased its holdings in Exxon Mobil by 31.9% during the 3rd quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after acquiring an additional 257,727 shares during the period. Compass Capital Management Inc. increased its holdings in Exxon Mobil by 1.5% during the 2nd quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock worth $1,071,000 after acquiring an additional 199 shares during the period. Mizuho Securities USA LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $1,255,000. Rockefeller Financial Services Inc. increased its holdings in Exxon Mobil by 15.5% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock worth $76,511,000 after acquiring an additional 125,501 shares during the period. Finally, WESPAC Advisors LLC increased its holdings in Exxon Mobil by 82.0% during the 2nd quarter. WESPAC Advisors LLC now owns 6,321 shares of the oil and gas company’s stock worth $510,000 after acquiring an additional 2,848 shares during the period. Institutional investors own 51.28% of the company’s stock.
Exxon Mobil Co. (NYSE XOM) opened at $75.78 on Friday. The company has a market cap of $319,860.00, a price-to-earnings ratio of 16.37, a PEG ratio of 1.04 and a beta of 0.82. Exxon Mobil Co. has a twelve month low of $73.90 and a twelve month high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s dividend payout ratio is currently 66.52%.
In related news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the transaction, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by insiders.
A number of research firms recently weighed in on XOM. Barclays lowered shares of Exxon Mobil from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $91.00 to $84.00 in a report on Tuesday. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 target price on the stock in a report on Monday, February 5th. Jefferies Group reaffirmed a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Credit Suisse Group decreased their target price on shares of Exxon Mobil from $84.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $83.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $87.42.
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Exxon Mobil Company 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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