Balasa Dinverno & Foltz LLC Trims Stake in Exxon Mobil Co. (XOM)

Balasa Dinverno & Foltz LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,084 shares of the oil and gas company’s stock after selling 1,135 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Exxon Mobil were worth $1,810,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after purchasing an additional 10,366,636 shares during the period. First Eagle Investment Management LLC boosted its position in Exxon Mobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after buying an additional 7,134,305 shares during the period. Harbour Capital Advisors LLC boosted its position in Exxon Mobil by 8,029.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock valued at $46,349,000 after buying an additional 3,695,728 shares during the period. APG Asset Management N.V. boosted its position in Exxon Mobil by 22.7% in the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock valued at $910,002,000 after buying an additional 2,088,263 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Exxon Mobil by 365.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock valued at $214,591,000 after buying an additional 2,087,165 shares during the period. Hedge funds and other institutional investors own 51.05% of the company’s stock.

Exxon Mobil Co. (NYSE:XOM) opened at $83.97 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a market cap of $351,128.97, a P/E ratio of 27.35, a P/E/G ratio of 1.73 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $76.05 and a 52 week high of $91.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the previous year, the business posted $0.63 EPS. analysts forecast that Exxon Mobil Co. will post 3.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.67%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction that occurred 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 owns 187,663 shares in the company, valued at approximately $15,750,555.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is currently owned by company insiders.

XOM has been the subject of several research reports. TheStreet raised shares of Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Cowen reissued a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 19th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Monday, September 18th. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $84.87 price objective for the company in a research report on Wednesday, September 13th. Finally, Barclays set a $91.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $86.36.

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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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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