Azimuth Capital Management LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,958 shares of the oil and gas company’s stock after selling 1,598 shares during the quarter. Exxon Mobil comprises 1.5% of Azimuth Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Azimuth Capital Management LLC’s holdings in Exxon Mobil were worth $21,424,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Kwmg LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at approximately $102,000. Clearwater Capital Advisors LLC purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $122,000. Winfield Associates Inc. purchased a new position in Exxon Mobil in the 2nd quarter valued at approximately $160,000. Trilogy Capital Inc. purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $149,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the 2nd quarter valued at approximately $197,000. 53.33% of the stock is owned by institutional investors.
In other news, VP David S. Rosenthal sold 7,562 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total transaction of $614,336.88. Following the sale, the vice president now owns 258,250 shares in the company, valued at $20,980,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James M. Spellings, Jr. sold 9,522 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $78.41, for a total value of $746,620.02. Following the sale, the insider now owns 249,122 shares in the company, valued at approximately $19,533,656.02. The disclosure for this sale can be found here. Insiders have sold 39,939 shares of company stock valued at $3,241,095 in the last three months. 0.08% of the stock is currently owned by company insiders.
Exxon Mobil stock opened at $77.64 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The firm has a market cap of $336.58 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.20 and a beta of 0.84. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.25. The company had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. Exxon Mobil’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 4.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s payout ratio is 91.36%.
Several equities analysts recently weighed in on the company. Macquarie set a $70.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday. Raymond James reaffirmed a “sell” rating on shares of Exxon Mobil in a research note on Sunday, December 2nd. Mizuho set a $77.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research note on Wednesday, November 28th. Wolfe Research raised Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. Finally, Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday, November 20th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and an average price target of $86.82.
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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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