Exxon Mobil Co. (XOM) Shares Bought by Westchester Capital Management Inc.
Westchester Capital Management Inc. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 250.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,443 shares of the oil and gas company’s stock after buying an additional 3,175 shares during the period. Exxon Mobil makes up 0.2% of Westchester Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Westchester Capital Management Inc.’s holdings in Exxon Mobil were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $114,000. Horan Securities Inc. grew its stake in shares of Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares during the last quarter. Acrospire Investment Management LLC grew its stake in shares of 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 worth $140,000 after purchasing an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after buying an additional 50 shares during the period. Finally, Saratoga Research & Investment Management acquired a new position in shares of Exxon Mobil in the third quarter worth about $172,000. 51.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Co. (NYSE:XOM) opened at $86.75 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market cap of $367,570.00, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 1.50 and a beta of 0.82. Exxon Mobil Co. has a one year low of $76.05 and a one year high of $88.98.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the previous year, the company earned $0.63 earnings per share. equities research analysts predict that Exxon Mobil Co. will post 3.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
XOM has been the subject of several recent analyst reports. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Barclays set a $91.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Tuesday, October 10th. Cowen reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Tuesday, September 19th. Societe Generale set a $95.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Monday, September 18th. Finally, Vetr upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $84.87 target price for the company in a report on Wednesday, September 13th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus price target of $86.10.
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 shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the sale, the vice president now owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 over the last quarter. Corporate insiders own 0.08% of the company’s stock.
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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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