Wimmer Associates 1 LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,282 shares of the oil and gas company’s stock after selling 1,734 shares during the quarter. Exxon Mobil accounts for 1.7% of Wimmer Associates 1 LLC’s holdings, making the stock its 22nd biggest position. Wimmer Associates 1 LLC’s holdings in Exxon Mobil were worth $1,827,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $114,000. Litman Gregory Asset Management LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $131,000. Acrospire Investment Management LLC raised its stake in shares of Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management bought a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $172,000. 53.18% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Co. (NYSE:XOM) opened at $74.56 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $315,945.16, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $73.56 and a 12-month high of $89.30.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.13%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.
A number of brokerages have recently issued reports on XOM. Vetr upgraded Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price objective on the stock in a research note on Friday, November 17th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Goldman Sachs Group reiterated a “neutral” rating and set a $96.00 price objective on shares of Exxon Mobil in a research note on Thursday, February 1st. Wells Fargo & Co set a $88.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Finally, Barclays cut Exxon Mobil from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $91.00 to $84.00 in a research note on Tuesday, February 6th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $86.37.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the transaction, the vice president now owns 291,385 shares in the company, valued at approximately $24,199,524.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by company insiders.
About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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