Beaumont Financial Partners LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,943 shares of the oil and gas company’s stock after acquiring an additional 5,214 shares during the period. Beaumont Financial Partners LLC’s holdings in Exxon Mobil were worth $3,311,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in XOM. Berkshire Asset Management LLC PA grew its position in Exxon Mobil by 8.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 366,633 shares of the oil and gas company’s stock valued at $31,171,000 after purchasing an additional 28,102 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Exxon Mobil by 2.4% during the second quarter. Kornitzer Capital Management Inc. KS now owns 719,002 shares of the oil and gas company’s stock worth $59,483,000 after acquiring an additional 16,794 shares in the last quarter. Barings LLC raised its holdings in shares of Exxon Mobil by 18.8% during the second quarter. Barings LLC now owns 196,145 shares of the oil and gas company’s stock worth $16,227,000 after acquiring an additional 31,109 shares in the last quarter. Delaney Dennis R raised its holdings in Exxon Mobil by 3.9% during the third quarter. Delaney Dennis R now owns 25,194 shares of the oil and gas company’s stock valued at $2,144,000 after buying an additional 950 shares in the last quarter. Finally, First Manhattan Co. increased its stake in shares of Exxon Mobil by 1.5% in the third quarter. First Manhattan Co. now owns 449,527 shares of the oil and gas company’s stock worth $38,219,000 after purchasing an additional 6,697 shares during the period. 53.72% of the stock is currently owned by institutional investors.
XOM has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Thursday, October 25th. HSBC set a $85.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday. Piper Jaffray Companies reissued a “hold” rating and issued a $81.00 price target on shares of Exxon Mobil in a report on Monday, November 19th. Barclays set a $82.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Monday, February 4th. Finally, Royal Bank of Canada set a $95.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Friday, February 1st. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $83.85.
Shares of XOM stock opened at $76.25 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54. The company has a market capitalization of $313.49 billion, a PE ratio of 15.47, a P/E/G ratio of 1.68 and a beta of 0.90. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The business had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 3.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 11th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, February 8th. This represents a $3.28 annualized dividend and a dividend yield of 4.30%. Exxon Mobil’s dividend payout ratio is presently 66.53%.
In other news, VP Neil A. Hansen sold 2,798 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $76.81, for a total transaction of $214,914.38. Following the completion of the sale, the vice president now owns 32,800 shares in the company, valued at $2,519,368. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James M. Spellings, Jr. sold 9,522 shares of the company’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 transaction, the insider now directly owns 249,122 shares in the company, valued at approximately $19,533,656.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,587 shares of company stock worth $4,507,808. 0.08% of the stock is owned by insiders.
Exxon Mobil Company 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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