Private Asset Management Inc. boosted its stake in Exxon Mobil Corp. (NYSE:XOM) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 200,997 shares of the company’s stock after buying an additional 2,040 shares during the period. Exxon Mobil Corp. comprises approximately 2.9% of Private Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Private Asset Management Inc.’s holdings in Exxon Mobil Corp. were worth $17,543,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of XOM. Wunderlich Capital Managemnt increased its stake in shares of Exxon Mobil Corp. by 10.8% in the first quarter. Wunderlich Capital Managemnt now owns 4,220 shares of the company’s stock worth $353,000 after buying an additional 410 shares during the period. Monetary Management Group Inc. increased its stake in shares of Exxon Mobil Corp. by 0.3% in the first quarter. Monetary Management Group Inc. now owns 19,819 shares of the company’s stock worth $1,657,000 after buying an additional 50 shares during the period. CapWealth Advisors LLC increased its stake in shares of Exxon Mobil Corp. by 9.5% in the first quarter. CapWealth Advisors LLC now owns 6,660 shares of the company’s stock worth $557,000 after buying an additional 577 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of Exxon Mobil Corp. during the first quarter worth $3,381,000. Finally, Brookfield Asset Management Inc. bought a new stake in shares of Exxon Mobil Corp. during the first quarter worth $502,000. 50.06% of the stock is owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.11% on Monday, reaching $87.02. 3,827,383 shares of the company’s stock were exchanged. The stock has a market cap of $360.85 billion, a P/E ratio of 40.74 and a beta of 0.86. The company’s 50 day moving average price is $86.08 and its 200-day moving average price is $88.38. 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 released its quarterly earnings data on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $61.34 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The firm’s revenue was down 12.9% compared to the same quarter last year. Equities analysts forecast 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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.
A number of analysts have weighed in on XOM shares. Barclays PLC reduced 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 set a $104.00 price objective 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 objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, 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 report on Monday, August 1st. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price 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 value of $1,392,000.00. Following the completion of the transaction, the vice president now owns 222,299 shares of the company’s stock, valued at $19,340,013. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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.