Cannell Peter B & Co. Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,110 shares of the oil and gas company’s stock after selling 13,905 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in Exxon Mobil were worth $30,752,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Connecticut Wealth Management LLC lifted its stake in Exxon Mobil by 28.1% in the third quarter. Connecticut Wealth Management LLC now owns 11,981 shares of the oil and gas company’s stock valued at $983,000 after buying an additional 2,629 shares during the period. Harbour Capital Advisors LLC lifted its stake in Exxon Mobil by 13.2% in the third quarter. Harbour Capital Advisors LLC now owns 52,479 shares of the oil and gas company’s stock valued at $4,317,000 after buying an additional 6,130 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV lifted its stake in Exxon Mobil by 1.7% in the third quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 117,506 shares of the oil and gas company’s stock valued at $9,633,000 after buying an additional 1,935 shares during the period. Willingdon Wealth Management lifted its stake in Exxon Mobil by 163.4% in the third quarter. Willingdon Wealth Management now owns 69,607 shares of the oil and gas company’s stock valued at $5,706,000 after buying an additional 43,179 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Exxon Mobil by 11.0% in the third quarter. Pacer Advisors Inc. now owns 115,441 shares of the oil and gas company’s stock valued at $9,464,000 after buying an additional 11,439 shares during the period. 51.65% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on XOM. Goldman Sachs Group set a $92.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 22nd. Piper Jaffray Companies reissued a “hold” rating and issued a $83.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Barclays set a $84.00 target price on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. set a $81.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus price target of $87.02.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. analysts anticipate that Exxon Mobil Co. will post 4.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.07%. Exxon Mobil’s dividend payout ratio is currently 66.52%.
In related news, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction that occurred 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 of the company’s stock, valued at approximately $19,073,539.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.
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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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