Carret Asset Management LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,723 shares of the oil and gas company’s stock after acquiring an additional 866 shares during the quarter. Exxon Mobil comprises about 1.6% of Carret Asset Management LLC’s holdings, making the stock its 12th largest holding. Carret Asset Management LLC’s holdings in Exxon Mobil were worth $9,979,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $114,000. Litman Gregory Asset Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $131,000. Acrospire Investment Management LLC raised its position in shares of Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $172,000. Hedge funds and other institutional investors own 53.18% of the company’s stock.
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 value of $996,600.00. Following the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.
Shares of Exxon Mobil Co. (NYSE:XOM) opened at $75.24 on Tuesday. Exxon Mobil Co. has a 52-week low of $73.56 and a 52-week high of $89.30. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $318,830.00, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The company had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. During the same period in the prior year, the business earned $0.41 earnings per share. Exxon Mobil’s quarterly revenue was up 9.0% on a year-over-year basis. equities analysts anticipate that Exxon Mobil Co. will post 4.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.09%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s dividend payout ratio is presently 95.36%.
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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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