Heritage Investors Management Corp Sells 5,631 Shares of Exxon Mobil Co. (NYSE:XOM)

Heritage Investors Management Corp cut its stake in Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,165 shares of the oil and gas company’s stock after selling 5,631 shares during the period. Heritage Investors Management Corp’s holdings in Exxon Mobil were worth $14,386,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after buying an additional 2,953,857 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after buying an additional 1,069,038 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Exxon Mobil by 5,514.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after buying an additional 22,268,191 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Exxon Mobil by 22.2% during the 3rd quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after buying an additional 1,902,091 shares in the last quarter. Finally, Eaton Vance Management boosted its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. Eaton Vance Management now owns 8,034,970 shares of the oil and gas company’s stock worth $615,684,000 after buying an additional 28,217 shares in the last quarter. Institutional investors and hedge funds own 54.51% of the company’s stock.

Shares of Exxon Mobil stock opened at $69.20 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. The firm has a market cap of $292.54 billion, a PE ratio of 14.04, a P/E/G ratio of 2.19 and a beta of 1.00. Exxon Mobil Co. has a 1 year low of $66.31 and a 1 year high of $83.49. The stock has a fifty day moving average price of $69.49 and a 200-day moving average price of $70.78.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 2.42 EPS for the current fiscal year.

A number of equities analysts have issued reports on XOM shares. Jefferies Financial Group restated a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. JPMorgan Chase & Co. set a $76.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, January 6th. Credit Suisse Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of Exxon Mobil in a research report on Thursday, January 9th. Morgan Stanley lowered their target price on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Finally, Berenberg Bank reaffirmed a “neutral” rating and set a $67.00 target price on shares of Exxon Mobil in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $78.05.

In other news, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total transaction of $668,338.65. Also, VP Liam M. Mallon sold 32,287 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by corporate insiders.

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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