Sfmg LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 33,675 shares of the oil and gas company’s stock after selling 735 shares during the quarter. Exxon Mobil accounts for about 0.5% of Sfmg LLC’s holdings, making the stock its 18th biggest holding. Sfmg LLC’s holdings in Exxon Mobil were worth $2,761,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ledyard National Bank boosted its stake in shares of Exxon Mobil by 3.0% in the 2nd quarter. Ledyard National Bank now owns 166,110 shares of the oil and gas company’s stock valued at $13,410,000 after purchasing an additional 4,859 shares during the last quarter. Abner Herrman & Brock LLC boosted its stake in shares of Exxon Mobil by 0.4% in the 2nd quarter. Abner Herrman & Brock LLC now owns 81,075 shares of the oil and gas company’s stock valued at $6,545,000 after purchasing an additional 288 shares during the last quarter. Portfolio Solutions LLC boosted its stake in shares of Exxon Mobil by 1,223.6% in the 2nd quarter. Portfolio Solutions LLC now owns 3,309 shares of the oil and gas company’s stock valued at $267,000 after purchasing an additional 3,059 shares during the last quarter. Denali Advisors LLC boosted its stake in Exxon Mobil by 1.1% during the 2nd quarter. Denali Advisors LLC now owns 53,266 shares of the oil and gas company’s stock worth $4,300,000 after acquiring an additional 600 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its stake in Exxon Mobil by 10.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 118,023 shares of the oil and gas company’s stock worth $9,528,000 after acquiring an additional 11,505 shares during the last quarter. Hedge funds and other institutional investors own 51.28% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE XOM) opened at $75.78 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $73.90 and a fifty-two week high of $89.30. The stock has a market cap of $321,090.00, a P/E ratio of 16.37, a PEG ratio of 1.03 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.06%. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.52%.
In other news, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil 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 completion of the sale, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 over the last quarter. 0.08% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on XOM shares. Morgan Stanley set a $85.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, October 17th. 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. 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. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Thursday, October 26th. Finally, Wells Fargo & Co set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, October 30th. 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. The stock currently has an average rating of “Hold” and a consensus target price of $87.42.
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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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