First Allied Advisory Services Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,978 shares of the oil and gas company’s stock after purchasing an additional 1,298 shares during the period. Exxon Mobil makes up 0.6% of First Allied Advisory Services Inc.’s portfolio, making the stock its 28th biggest holding. First Allied Advisory Services Inc.’s holdings in Exxon Mobil were worth $12,922,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $114,000. Litman Gregory Asset Management LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $131,000. Acrospire Investment Management LLC lifted its holdings 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 acquiring an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings 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 acquiring an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management bought a new stake in Exxon Mobil in the third quarter worth $172,000. Hedge funds and other institutional investors own 53.18% of the company’s stock.
In related news, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were 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 $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 insiders.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.00%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. sell-side analysts predict that Exxon Mobil Co. will post 4.81 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s dividend payout ratio is currently 95.36%.
Several analysts have weighed in on XOM shares. BNP Paribas set a $75.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Royal Bank of Canada lowered their price target on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating for the company in a research note on Thursday, November 16th. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price target for the company in a research note on Friday, November 17th. UBS Group set a $83.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, December 4th. Finally, Credit Suisse Group started coverage on shares of Exxon Mobil in a research note on Monday, December 11th. They issued a “neutral” rating and a $83.00 price target for the company. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $86.37.
Exxon Mobil 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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