GWM Advisors LLC boosted its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 72.4% during the third quarter, Holdings Channel reports. The firm owned 15,328 shares of the company’s stock after buying an additional 6,436 shares during the period. GWM Advisors LLC’s holdings in Exxon Mobil Corp. were worth $1,322,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. bought a new stake in Exxon Mobil Corp. during the first quarter worth about $3,381,000. Brookfield Asset Management Inc. acquired a new stake in shares of Exxon Mobil Corp. during the first quarter valued at $502,000. Institutional & Family Asset Management LLC boosted its stake in shares of Exxon Mobil Corp. by 0.6% in the first quarter. Institutional & Family Asset Management LLC now owns 60,301 shares of the company’s stock valued at $4,700,000 after buying an additional 379 shares during the period. Berkeley Capital Partners LLC boosted its stake in shares of Exxon Mobil Corp. by 294.7% in the first quarter. Berkeley Capital Partners LLC now owns 19,583 shares of the company’s stock valued at $1,637,000 after buying an additional 14,621 shares during the period. Finally, Advisor Partners LLC boosted its stake in shares of Exxon Mobil Corp. by 9.6% in the first quarter. Advisor Partners LLC now owns 68,642 shares of the company’s stock valued at $5,738,000 after buying an additional 6,038 shares during the period. 50.32% of the stock is owned by institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% during mid-day trading on Friday, hitting $87.12. 5,043,042 shares of the stock traded hands. The firm’s 50-day moving average is $86.08 and its 200 day moving average is $88.38. The firm has a market cap of $361.26 billion, a P/E ratio of 40.79 and a beta of 0.86. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $58.68 billion for the quarter, compared to analysts’ expectations of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. Equities analysts predict that Exxon Mobil Corp. will post $2.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 140.19%.
Several brokerages have weighed in on XOM. Vetr cut shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price objective for the company. in a research note on Wednesday, September 28th. Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 1st. Barclays PLC dropped their price objective on shares of Exxon Mobil Corp. to $100.00 in a research note on Monday, August 1st. Finally, Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Wednesday, August 24th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $87.62.
In other news, VP Neil A. Chapman sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the sale, the vice president now directly owns 222,299 shares of the company’s stock, valued at approximately $19,340,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.