Sigma Planning Corp Has $6.22 Million Stake in Exxon Mobil Co. (XOM)
Sigma Planning Corp increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 16.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 75,909 shares of the oil and gas company’s stock after acquiring an additional 10,496 shares during the period. Sigma Planning Corp’s holdings in Exxon Mobil were worth $6,223,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in XOM. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Exxon Mobil by 136,463.4% during the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Exxon Mobil by 8,029.5% during the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares in the last quarter. APG Asset Management N.V. boosted its holdings in Exxon Mobil by 22.6% during the third quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after buying an additional 2,546,570 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Exxon Mobil by 365.5% during the second quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock worth $214,591,000 after buying an additional 2,087,165 shares in the last quarter. 51.28% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Co. (NYSE XOM) opened at $76.07 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 firm has a market cap of $322,320.00, a P/E ratio of 16.43, a PEG ratio of 1.06 and a beta of 0.82. Exxon Mobil Co. has a 52-week low of $76.03 and a 52-week high of $89.30.
The business 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 $0.77 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.05%. Exxon Mobil’s payout ratio is 66.52%.
In related news, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the sale, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were 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 of the company’s stock, valued at $24,199,524.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by insiders.
XOM has been the topic of a number of research analyst reports. Wells Fargo & Co set a $88.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Saturday, January 13th. Vetr upgraded shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $93.75 target price for the company in a research report on Tuesday, November 28th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Finally, Morgan Stanley restated an “underperform” rating on shares of Exxon Mobil in a research report on Thursday, October 19th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and an average target price of $87.42.
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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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