Cue Financial Group Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,147 shares of the oil and gas company’s stock after selling 1,437 shares during the period. Exxon Mobil accounts for approximately 1.3% of Cue Financial Group Inc.’s holdings, making the stock its 17th largest holding. Cue Financial Group Inc.’s holdings in Exxon Mobil were worth $1,898,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. CWH Capital Management Inc. bought a new position in shares of Exxon Mobil in the 2nd quarter worth $114,000. Horan Securities Inc. boosted its position 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 boosted its position 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 position in shares of Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Exxon Mobil in the 2nd quarter worth $175,000. 51.05% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Co. (NYSE:XOM) opened at $83.64 on Friday. Exxon Mobil Co. has a 1 year low of $76.05 and a 1 year high of $91.34. The company has a market cap of $356,001.63, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. 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 business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
In other news, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 187,663 shares in the company, valued at $15,645,464.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction on Monday, December 11th. The stock was 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 directly owns 229,774 shares in the company, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock valued at $4,273,910 over the last quarter. Company insiders own 0.08% of the company’s stock.
XOM has been the topic of several research analyst reports. Howard Weil raised Exxon Mobil from an “outperform” rating to a “focus list” rating in a research note on Friday, December 22nd. Vetr downgraded Exxon Mobil from a “buy” rating to a “hold” rating and set a $79.60 price objective on the stock. in a research note on Monday, September 4th. Goldman Sachs Group set a $86.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, October 30th. Royal Bank of Canada dropped their price target on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 16th. Finally, UBS Group set a $83.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, December 4th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $86.36.
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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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