Exxon Mobil Corporation (XOM) Position Trimmed by Obermeyer Wood Investment Counsel Lllp
Obermeyer Wood Investment Counsel Lllp reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,843 shares of the oil and gas company’s stock after selling 2,484 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Exxon Mobil were worth $2,409,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in XOM. State Street Corp grew its holdings in Exxon Mobil by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in Exxon Mobil by 8,029.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after acquiring an additional 3,695,728 shares in the last quarter. APG Asset Management N.V. grew its holdings in Exxon Mobil by 22.7% during the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after acquiring an additional 2,088,263 shares in the last quarter. First Trust Advisors LP grew its holdings in Exxon Mobil by 340.8% during the 2nd quarter. First Trust Advisors LP now owns 2,426,808 shares of the oil and gas company’s stock worth $195,916,000 after acquiring an additional 1,876,293 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Exxon Mobil by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after acquiring an additional 1,406,529 shares in the last quarter. 50.76% of the stock is owned by institutional investors.
Several research analysts have recently commented on XOM shares. TheStreet raised shares of Exxon Mobil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Barclays PLC set a $94.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, August 21st. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price target for the company in a report on Thursday, August 17th. Societe Generale set a $95.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, September 18th. Finally, Cowen Inc reaffirmed a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Tuesday, September 19th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $85.78.
In related news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down $0.32 during trading hours on Monday, reaching $81.10. 3,591,540 shares of the company traded hands, compared to its average volume of 10,930,056. The company has a market cap of $344,985.16, a P/E ratio of 22.87, a PEG ratio of 1.71 and a beta of 0.84. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.63 EPS. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a $0.77 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.80%. Exxon Mobil’s dividend payout ratio is presently 100.33%.
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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