Rikoon Group LLC Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Rikoon Group LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,848 shares of the oil and gas company’s stock after selling 2,074 shares during the period. Exxon Mobil comprises about 1.4% of Rikoon Group LLC’s portfolio, making the stock its 17th largest position. Rikoon Group LLC’s holdings in Exxon Mobil were worth $3,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Sigma Investment Counselors Inc. boosted its position in shares of Exxon Mobil by 0.4% in the second quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock valued at $2,745,000 after acquiring an additional 142 shares during the period. Riverstone Advisors LLC lifted its position in Exxon Mobil by 0.5% during the second quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after purchasing an additional 142 shares during the last quarter. Alpha Windward LLC lifted its position in Exxon Mobil by 3.1% during the second quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 144 shares during the last quarter. Saratoga Research & Investment Management lifted its position in Exxon Mobil by 4.1% during the second quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 145 shares during the last quarter. Finally, Jupiter Wealth Management LLC lifted its position in Exxon Mobil by 0.4% during the second quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

Shares of NYSE XOM traded down $1.37 during mid-day trading on Friday, hitting $70.77. The stock had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $83.49. The business has a 50 day moving average price of $69.60 and a two-hundred day moving average price of $72.99. The firm has a market cap of $309.25 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The company had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s payout ratio is 70.59%.

XOM has been the subject of several research analyst reports. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. Goldman Sachs Group reiterated a “neutral” rating and set a $74.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. BMO Capital Markets started coverage on shares of Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price for the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Finally, Jefferies Financial Group restated a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $78.91.

About Exxon Mobil

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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