Richard Bernstein Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,772 shares of the oil and gas company’s stock after acquiring an additional 12,734 shares during the period. Exxon Mobil accounts for approximately 0.5% of Richard Bernstein Advisors LLC’s portfolio, making the stock its 27th largest position. Richard Bernstein Advisors LLC’s holdings in Exxon Mobil were worth $16,610,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kwmg LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $102,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $122,000. Winfield Associates Inc. purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $160,000. Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $149,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $197,000. Institutional investors own 53.33% of the company’s stock.
A number of brokerages have recently commented on XOM. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a report on Friday, September 28th. Macquarie reaffirmed a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a report on Friday, October 19th. BNP Paribas set a $85.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a report on Tuesday, August 28th. Barclays reaffirmed a “sell” rating and issued a $87.00 target price on shares of Exxon Mobil in a report on Tuesday, September 11th. Finally, Wells Fargo & Co reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a report on Wednesday, September 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $86.82.
In related news, VP David S. Rosenthal sold 7,562 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total transaction of $614,336.88. Following the completion of the transaction, the vice president now directly owns 258,250 shares of the company’s stock, valued at $20,980,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The disclosure for this sale can be found here. Insiders have sold 39,939 shares of company stock valued at $3,241,095 over the last three months. 0.08% of the stock is currently owned by corporate insiders.
NYSE XOM opened at $77.64 on Friday. The stock has a market cap of $332.17 billion, a P/E ratio of 18.02, a PEG ratio of 2.17 and a beta of 0.84. Exxon Mobil Co. has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.25. The firm had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 4.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.22%. Exxon Mobil’s dividend payout ratio is currently 91.36%.
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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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