Sand Hill Global Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 74,587 shares of the oil and gas company’s stock after acquiring an additional 1,328 shares during the period. Exxon Mobil accounts for approximately 0.7% of Sand Hill Global Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Sand Hill Global Advisors LLC’s holdings in Exxon Mobil were worth $6,115,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWH Capital Management Inc. bought a new position in shares of Exxon Mobil in the 2nd quarter valued at $114,000. Litman Gregory Asset Management LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at $131,000. Acrospire Investment Management LLC lifted its stake 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 acquiring an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake 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 acquiring an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management bought a new position in shares of Exxon Mobil in the 3rd quarter valued at $172,000. Institutional investors own 53.18% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE XOM) opened at $75.24 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $73.56 and a 1-year high of $89.30. 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.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.09%. Exxon Mobil’s dividend payout ratio is presently 95.36%.
A number of research firms recently weighed in on XOM. Morgan Stanley set a $90.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, January 24th. Credit Suisse Group set a $84.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, January 23rd. HSBC set a $80.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Thursday, January 18th. Goldman Sachs Group set a $92.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Saturday, January 13th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $86.37.
In other news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the sale, the vice president now directly owns 291,385 shares in the company, valued at approximately $24,199,524.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.
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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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