Taurus Asset Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,747 shares of the oil and gas company’s stock after selling 1,378 shares during the period. Taurus Asset Management LLC’s holdings in Exxon Mobil were worth $7,521,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after buying an additional 10,366,636 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Exxon Mobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after buying an additional 7,134,305 shares during the period. Stifel Financial Corp increased its stake in shares of Exxon Mobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock valued at $309,285,000 after buying an additional 3,764,256 shares during the period. APG Asset Management N.V. increased its stake in shares of Exxon Mobil by 22.6% in the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock valued at $1,132,860,000 after buying an additional 2,546,570 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Exxon Mobil by 34.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,841,645 shares of the oil and gas company’s stock valued at $810,213,000 after buying an additional 2,539,700 shares during the period. 53.18% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Co. (NYSE XOM) opened at $75.24 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.82. The firm has a market capitalization of $318,830.00, a PE ratio of 23.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $73.56 and a twelve month high of $89.30.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.09%. Exxon Mobil’s dividend payout ratio is presently 95.36%.
Several equities research analysts have recently commented on XOM shares. Wells Fargo & Co set a $88.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, January 11th. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Saturday, January 13th. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $93.75 target price for the company in a research note on Tuesday, November 28th. Bank of America set a $100.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, March 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.37.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction dated 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 directly owns 291,385 shares in the company, valued at $24,199,524.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
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Exxon Mobil Company Profile
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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