River Road Asset Management LLC Sells 52,700 Shares of Exxon Mobil Co. (XOM)

River Road Asset Management LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 640,371 shares of the oil and gas company’s stock after selling 52,700 shares during the period. Exxon Mobil accounts for about 1.1% of River Road Asset Management LLC’s portfolio, making the stock its 29th largest holding. River Road Asset Management LLC’s holdings in Exxon Mobil were worth $54,444,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of XOM. Peachtree Investment Advisors Inc. increased its stake in shares of Exxon Mobil by 7.1% during the 3rd quarter. Peachtree Investment Advisors Inc. now owns 9,401 shares of the oil and gas company’s stock worth $799,000 after purchasing an additional 625 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in Exxon Mobil by 1.3% in the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 47,669 shares of the oil and gas company’s stock valued at $4,053,000 after buying an additional 630 shares during the last quarter. Weatherstone Capital Management grew its stake in Exxon Mobil by 9.9% in the 3rd quarter. Weatherstone Capital Management now owns 7,112 shares of the oil and gas company’s stock valued at $605,000 after buying an additional 643 shares during the last quarter. Dividend Assets Capital LLC grew its stake in Exxon Mobil by 1.8% in the 2nd quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock valued at $2,957,000 after buying an additional 645 shares during the last quarter. Finally, Breiter Capital Management Inc. grew its stake in Exxon Mobil by 7.3% in the 3rd quarter. Breiter Capital Management Inc. now owns 9,547 shares of the oil and gas company’s stock valued at $812,000 after buying an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 53.72% of the company’s stock.

In other news, insider John R. Verity sold 15,850 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $76.94, for a total transaction of $1,219,499.00. Following the completion of the sale, the insider now owns 146,350 shares of the company’s stock, valued at approximately $11,260,169. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total transaction of $1,092,600.00. Following the sale, the vice president now directly owns 223,461 shares of the company’s stock, valued at approximately $16,276,899.24. The disclosure for this sale can be found here. Insiders sold a total of 58,587 shares of company stock valued at $4,507,808 in the last three months. Insiders own 0.08% of the company’s stock.

NYSE XOM opened at $75.40 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $313.49 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.43. The firm had revenue of $71.90 billion during the quarter, compared to the consensus estimate of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 3.96 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, February 8th. Exxon Mobil’s dividend payout ratio is currently 66.53%.

A number of research analysts recently commented on the stock. HSBC set a $85.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday. Argus reiterated a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Barclays set a $82.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research note on Monday, February 4th. Goldman Sachs Group set a $79.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, February 1st. Finally, Credit Suisse Group set a $79.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, February 1st. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.85.

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

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