Trade Report: Today: Exxon Mobil Corp. (XOM) Position Decreased by Oakbrook Investments LLC

Today: Exxon Mobil Corp. (XOM) Position Decreased by Oakbrook Investments LLC

Oakbrook Investments LLC cut its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 52.3% during the third quarter, Holdings Channel reports. The institutional investor owned 143,609 shares of the company’s stock after selling 157,450 shares during the period. Oakbrook Investments LLC’s holdings in Exxon Mobil Corp. were worth $12,534,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of XOM. Canandaigua National Bank & Trust Co. raised its stake in shares of Exxon Mobil Corp. by 1.1% in the first quarter. Canandaigua National Bank & Trust Co. now owns 218,312 shares of the company’s stock worth $18,249,000 after buying an additional 2,477 shares in the last quarter. Royal Bank of Scotland Group PLC raised its stake in Exxon Mobil Corp. by 146.8% in the first quarter. Royal Bank of Scotland Group PLC now owns 27,733 shares of the company’s stock worth $2,319,000 after buying an additional 16,497 shares in the last quarter. Hikari Power Ltd raised its stake in Exxon Mobil Corp. by 1.6% in the first quarter. Hikari Power Ltd now owns 200,383 shares of the company’s stock worth $16,750,000 after buying an additional 3,083 shares in the last quarter. Palisade Capital Management LLC NJ raised its stake in Exxon Mobil Corp. by 1.8% in the first quarter. Palisade Capital Management LLC NJ now owns 54,914 shares of the company’s stock worth $4,590,000 after buying an additional 987 shares in the last quarter. Finally, Shufro Rose & Co. LLC raised its stake in Exxon Mobil Corp. by 5.8% in the first quarter. Shufro Rose & Co. LLC now owns 334,517 shares of the company’s stock worth $27,962,000 after buying an additional 18,434 shares in the last quarter. 50.06% of the stock is owned by institutional investors and hedge funds.

Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.6156% on Monday, hitting $86.5837. 4,630,281 shares of the company’s stock were exchanged. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55. The firm has a market cap of $359.04 billion, a P/E ratio of 40.5354 and a beta of 0.86. The stock’s 50 day moving average is $86.08 and its 200 day moving average is $88.38.

Exxon Mobil Corp. (NYSE:XOM) last posted its earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm earned $58.68 billion during the quarter, compared to the consensus estimate of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The company’s revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. On average, equities analysts predict that Exxon Mobil Corp. will post $2.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 annualized dividend and a yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.

XOM has been the subject of a number of analyst reports. HSBC set a $83.50 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Goldman Sachs Group Inc. lowered shares of Exxon Mobil Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $98.00 to $93.00 in a report on Monday, October 31st. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 target price for the company in a report on Tuesday, September 13th. Bank of America Corp. set a $100.00 target price on shares of Exxon Mobil Corp. and gave the stock a “hold” rating in a report on Monday, October 10th. Finally, Morningstar Inc. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $87.62.

In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the completion of the sale, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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.

Related posts

Leave a Comment