Edge Advisors LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,677 shares of the oil and gas company’s stock after acquiring an additional 2,733 shares during the quarter. Exxon Mobil comprises approximately 3.0% of Edge Advisors LLC’s holdings, making the stock its 4th largest holding. Edge Advisors LLC’s holdings in Exxon Mobil were worth $27,517,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in XOM. Vanguard Group Inc. increased its position 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 acquiring an additional 10,366,636 shares during the period. First Eagle Investment Management LLC increased its holdings 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 increased its holdings 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. increased its holdings in Exxon Mobil by 22.6% in the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock valued at $1,132,860,000 after buying an additional 2,546,570 shares during the period. Finally, Janus Henderson Group PLC increased its holdings 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. 51.29% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Co. (NYSE XOM) opened at $76.54 on Friday. The stock has a market cap of $324,310.00, a PE ratio of 16.53, a P/E/G ratio of 1.03 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $73.90 and a 52-week high of $89.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.02%. Exxon Mobil’s dividend payout ratio (DPR) is 66.52%.
In related news, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by corporate insiders.
Several equities research analysts have issued reports on XOM shares. Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Saturday, January 13th. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $93.75 price target on the stock in a report on Tuesday, November 28th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Finally, lowered shares of Exxon Mobil from a “hold” rating to a “reduce” rating and lowered their price target for the company from $83.60 to $77.00 in a report on Tuesday, November 7th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $87.02.
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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