Ashfield Capital Partners LLC Has $6.40 Million Holdings in Exxon Mobil Co. (XOM)

Ashfield Capital Partners LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,322 shares of the oil and gas company’s stock after selling 2,298 shares during the quarter. Ashfield Capital Partners LLC’s holdings in Exxon Mobil were worth $6,404,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Kwmg LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth $102,000. WESPAC Advisors SoCal LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $110,000. Camarda Financial Advisors LLC grew its stake in Exxon Mobil by 175.2% in the 3rd quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,167 shares during the last quarter. Mainstay Capital Management LLC ADV grew its stake in Exxon Mobil by 112.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Smart Portfolios LLC grew its stake in Exxon Mobil by 97.8% in the 2nd quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 53.72% of the company’s stock.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total transaction of $1,092,600.00. Following the sale, the vice president now directly owns 223,461 shares of the company’s stock, valued at approximately $16,276,899.24. 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 7,855 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $78.91, for a total transaction of $619,838.05. Following the sale, the vice president now directly owns 207,940 shares in the company, valued at $16,408,545.40. The disclosure for this sale can be found here. Insiders have sold a total of 58,587 shares of company stock worth $4,507,808 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

A number of brokerages recently commented on XOM. HSBC set a $85.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday. Argus reissued a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Barclays set a $82.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research note on Monday, February 4th. Goldman Sachs Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, February 1st. Finally, Credit Suisse Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, February 1st. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $83.85.

Exxon Mobil stock opened at $76.25 on Thursday. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The stock has a market cap of $313.49 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The company had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 3.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, February 8th. This represents a $3.28 annualized dividend and a dividend yield of 4.30%. Exxon Mobil’s dividend payout ratio is currently 66.53%.

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Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

Further Reading: How Important is Technical Analysis of Stocks

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

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