Meritage Portfolio Management grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 68.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,781 shares of the oil and gas company’s stock after purchasing an additional 5,998 shares during the quarter. Meritage Portfolio Management’s holdings in Exxon Mobil were worth $1,257,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ramsay Stattman Vela & Price Inc. boosted its stake in Exxon Mobil by 1.1% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 64,710 shares of the oil and gas company’s stock worth $5,502,000 after purchasing an additional 690 shares during the last quarter. Parsec Financial Management Inc. boosted its stake in Exxon Mobil by 1.6% during the 3rd quarter. Parsec Financial Management Inc. now owns 252,266 shares of the oil and gas company’s stock worth $21,448,000 after purchasing an additional 3,868 shares during the last quarter. Signature Wealth Management Group boosted its stake in Exxon Mobil by 4.7% during the 3rd quarter. Signature Wealth Management Group now owns 38,459 shares of the oil and gas company’s stock worth $2,963,000 after purchasing an additional 1,741 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Exxon Mobil by 1.0% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 536,043 shares of the oil and gas company’s stock worth $45,574,000 after purchasing an additional 5,256 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC boosted its stake in Exxon Mobil by 8.2% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 13,189 shares of the oil and gas company’s stock worth $1,121,000 after purchasing an additional 1,000 shares during the last quarter. 53.08% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on XOM. HSBC reaffirmed a “buy” rating and set a $95.00 target price on shares of Exxon Mobil in a research note on Tuesday, November 6th. Zacks Investment Research reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Saturday, November 17th. BNP Paribas set a $80.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, November 20th. Goldman Sachs Group set a $79.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, February 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $93.00 target price on shares of Exxon Mobil in a research note on Monday, December 10th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $83.70.
In related news, VP Neil A. Hansen sold 2,798 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $76.81, for a total value of $214,914.38. Following the sale, the vice president now directly owns 32,800 shares in the company, valued at approximately $2,519,368. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James M. Spellings, Jr. sold 9,522 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.41, for a total transaction of $746,620.02. Following the completion of the sale, the insider now owns 249,122 shares in the company, valued at $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.
Shares of XOM stock opened at $75.59 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83. The stock has a market cap of $317.05 billion, a PE ratio of 15.33, a PEG ratio of 1.64 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.43. The firm had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 3.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 11th will be given 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 4.34%. Exxon Mobil’s payout ratio is 66.53%.
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Exxon Mobil 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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