Ahrens Investment Partners LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,347 shares of the oil and gas company’s stock after selling 2,212 shares during the period. Exxon Mobil makes up about 1.8% of Ahrens Investment Partners LLC’s portfolio, making the stock its 14th biggest holding. Ahrens Investment Partners LLC’s holdings in Exxon Mobil were worth $4,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Exxon Mobil by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after purchasing an additional 1,200,678 shares in the last quarter. Swiss National Bank increased its holdings in Exxon Mobil by 2.9% in the 2nd quarter. Swiss National Bank now owns 15,058,036 shares of the oil and gas company’s stock worth $1,245,751,000 after purchasing an additional 423,200 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Exxon Mobil by 8.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock worth $1,136,355,000 after purchasing an additional 1,045,871 shares in the last quarter. LSV Asset Management increased its holdings in Exxon Mobil by 5.1% in the 2nd quarter. LSV Asset Management now owns 9,895,042 shares of the oil and gas company’s stock worth $818,616,000 after purchasing an additional 477,971 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Exxon Mobil by 3.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,628,285 shares of the oil and gas company’s stock worth $569,147,000 after purchasing an additional 262,273 shares in the last quarter. 53.33% of the stock is owned by institutional investors.
In related news, VP Robert N. Schleckser sold 7,855 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $78.91, for a total transaction of $619,838.05. Following the sale, the vice president now owns 207,940 shares in the company, valued at approximately $16,408,545.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,939 shares of company stock worth $3,241,095. 0.08% of the stock is owned by corporate insiders.
Shares of Exxon Mobil stock opened at $77.64 on Friday. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83. The stock has a market cap of $336.58 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 4.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. Exxon Mobil’s payout ratio is 91.36%.
A number of equities analysts have issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Exxon Mobil in a report on Tuesday, October 2nd. Macquarie reiterated a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research report on Thursday, August 30th. Societe Generale set a $92.00 price target on Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, September 26th. HSBC reiterated a “buy” rating and issued a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday, November 6th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Exxon Mobil in a research report on Saturday, November 17th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Exxon Mobil has an average rating of “Hold” and an average target price of $86.82.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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