Valeo Financial Advisors LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,341 shares of the oil and gas company’s stock, valued at approximately $3,061,000. Exxon Mobil makes up approximately 0.7% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 28th biggest holding.
A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 3.5% in the second 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 acquiring an additional 10,366,636 shares during the period. Capital Research Global Investors raised its stake in shares of Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after purchasing an additional 2,058,060 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Exxon Mobil by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after purchasing an additional 1,595,027 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Exxon Mobil by 1.6% during the third quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after purchasing an additional 360,596 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Exxon Mobil by 4.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 21,402,313 shares of the oil and gas company’s stock worth $1,754,562,000 after purchasing an additional 878,857 shares during the last quarter. 53.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Co. (XOM) opened at $74.53 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.52. The firm has a market capitalization of $315,820.00, a price-to-earnings ratio of 23.07, 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 company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is 95.36%.
Several research firms have recently commented on XOM. Morgan Stanley set a $90.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Credit Suisse Group set a $84.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. HSBC set a $80.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research note on Thursday, January 18th. Goldman Sachs Group set a $92.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note 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 target for the company in a research note on Saturday, January 13th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.05.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the company’s 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 owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
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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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