Dempze Nancy E reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 23.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,436 shares of the oil and gas company’s stock after selling 2,630 shares during the period. Dempze Nancy E’s holdings in Exxon Mobil were worth $692,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of XOM. CWH Capital Management Inc. purchased a new stake in Exxon Mobil in the second quarter worth about $114,000. Horan Securities Inc. lifted its holdings in Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares during the period. Acrospire Investment Management LLC lifted its holdings in Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after buying an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after buying an additional 50 shares during the period. Finally, Saratoga Research & Investment Management purchased a new stake in Exxon Mobil in the third quarter worth about $172,000. Institutional investors own 51.05% of the company’s stock.
Several brokerages have commented on XOM. Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Societe Generale set a $95.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Morgan Stanley reaffirmed an “underperform” rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.18.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter last year, the firm earned $0.63 earnings per share. research analysts forecast that Exxon Mobil Co. will post 3.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is currently 100.33%.
In related news, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock valued at $4,273,910 in the last three months. 0.08% of the stock is owned by insiders.
Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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