Winslow Evans & Crocker Inc. decreased its position in Exxon Mobil Corp. (NYSE:XOM) by 5.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,976 shares of the company’s stock after selling 6,194 shares during the period. Exxon Mobil Corp. comprises about 2.5% of Winslow Evans & Crocker Inc.’s holdings, making the stock its 2nd largest position. Winslow Evans & Crocker Inc.’s holdings in Exxon Mobil Corp. were worth $8,638,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Thomas J. Herzfeld Advisors Inc. boosted its position in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock worth $104,000 after buying an additional 691 shares during the last quarter. Tuttle Tactical Management LLC purchased a new position in Exxon Mobil Corp. during the second quarter worth approximately $125,000. Horan Securities Inc. purchased a new position in Exxon Mobil Corp. during the third quarter worth approximately $137,000. NewSquare Capital LLC boosted its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares during the last quarter. Finally, Cantab Capital Partners LLP purchased a new position in Exxon Mobil Corp. during the second quarter worth approximately $183,000. 50.06% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.75% during mid-day trading on Monday, hitting $86.47. 7,399,912 shares of the stock were exchanged. The stock has a market capitalization of $358.56 billion, a P/E ratio of 40.48 and a beta of 0.86. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55. The firm has a 50-day moving average price of $86.08 and a 200-day moving average price of $88.38.
Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The company earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. During the same period last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 140.19%.
XOM has been the topic of several recent analyst reports. Barclays PLC cut their price target on shares of Exxon Mobil Corp. to $100.00 in a report on Monday, August 1st. Argus reaffirmed a “buy” rating and issued a $104.00 price target on shares of Exxon Mobil Corp. in a report on Wednesday, August 17th. reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Societe Generale set a $105.00 price target on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 15th. Finally, Goldman Sachs Group Inc. set a $98.00 price target on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 1st. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. Exxon Mobil Corp. has an average rating of “Hold” and an average price target of $87.62.
In related news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total value 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 filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.
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.