Telemus Capital LLC reduced its position in Exxon Mobil Corp. (NYSE:XOM) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,109 shares of the company’s stock after selling 514 shares during the period. Telemus Capital LLC’s holdings in Exxon Mobil Corp. were worth $2,192,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the period. BlackRock Fund Advisors increased its stake in shares of Exxon Mobil Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 62,193,667 shares of the company’s stock worth $5,830,034,000 after buying an additional 2,524,527 shares during the period. BlackRock Group LTD increased its stake in shares of Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock worth $3,263,159,000 after buying an additional 177,918 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock worth $2,036,082,000 after buying an additional 869,112 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Exxon Mobil Corp. by 1.8% in the second quarter. Legal & General Group Plc now owns 21,519,400 shares of the company’s stock worth $2,016,466,000 after buying an additional 384,675 shares during the period. Institutional investors own 50.32% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% during midday trading on Friday, reaching $87.12. 5,043,042 shares of the company’s stock were exchanged. The firm has a market cap of $361.26 billion, a PE ratio of 40.79 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. has a one year low of $71.55 and a one year high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $58.68 billion for 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 for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS. Analysts anticipate that Exxon Mobil Corp. will post $2.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.
A number of equities research analysts recently issued reports on XOM shares. HSBC set a $83.50 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. downgraded Exxon Mobil Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $98.00 to $93.00 in a research report on Monday, October 31st. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target on the stock in a research report on Tuesday, September 13th. Bank of America Corp. set a $100.00 price target on Exxon Mobil Corp. and gave the company a “hold” rating in a research report on Monday, October 10th. Finally, Morningstar Inc. restated 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 issued a hold rating and eight have given a buy rating to the company’s stock. Exxon Mobil Corp. presently 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 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 transaction, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company 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.