Exxon Mobil Co. (XOM) Shares Sold by Harvest Capital Management Inc

Harvest Capital Management Inc decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,561 shares of the oil and gas company’s stock after selling 1,639 shares during the quarter. Exxon Mobil makes up 1.9% of Harvest Capital Management Inc’s portfolio, making the stock its 14th largest position. Harvest Capital Management Inc’s holdings in Exxon Mobil were worth $4,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Asset Management Advisors LLC raised its holdings in shares of Exxon Mobil by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 7 shares in the last quarter. Horizon Investment Services LLC raised its holdings in shares of Exxon Mobil by 0.4% in the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 20 shares in the last quarter. Jag Capital Management LLC raised its holdings in shares of Exxon Mobil by 0.5% in the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 26 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Exxon Mobil by 1.3% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 30 shares in the last quarter. Finally, Lehman Financial Resources Inc. raised its holdings in shares of Exxon Mobil by 0.5% in the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 51.05% of the company’s stock.

XOM has been the subject of several recent analyst reports. Cowen reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Tuesday, September 19th. Howard Weil upgraded shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research note on Friday. Goldman Sachs Group set a $85.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. BMO Capital Markets set a $80.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research note on Thursday, October 19th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $86.36.

Shares of Exxon Mobil Co. (XOM) opened at $83.97 on Friday. The firm has a market cap of $355,281.31, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83. Exxon Mobil Co. has a 12-month low of $76.05 and a 12-month high of $91.34. 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 released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The company 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 quarter in the previous year, the firm earned $0.63 EPS. equities analysts expect that Exxon Mobil Co. will post 3.65 earnings per share for the current year.

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

In other news, insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction 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 directly owns 291,385 shares in the company, valued at $24,199,524.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/24/exxon-mobil-co-xom-shares-sold-by-harvest-capital-management-inc.html.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

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

What are top analysts saying about Exxon Mobil? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Exxon Mobil and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit