Essex LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,570 shares of the oil and gas company’s stock after selling 1,625 shares during the period. Essex LLC’s holdings in Exxon Mobil were worth $2,269,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Axiom Financial Strategies LLC increased its position in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new stake in shares of Exxon Mobil during the first quarter worth about $275,000. Loomis Sayles & Co. L P increased its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares in the last quarter. Ergoteles LLC increased its position in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil in the 1st quarter valued at about $237,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by corporate insiders.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.95 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is currently 27.45%.
Analyst Ratings Changes
Several brokerages recently issued reports on XOM. Argus boosted their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. StockNews.com began coverage on Exxon Mobil in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. B. Riley boosted their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Wells Fargo & Company boosted their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Finally, Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.91.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
Featured Articles
- Get a free copy of the StockNews.com research report on Exxon Mobil (XOM)
- Why State Street Stock Is Sliding After Announcing Earnings
- Charles Schwab’s Recovery Just Shifted Gears
- Is Ollie’s Bargain Outlets A Value Or A Trap?
- Amyris May be Oversold, but is it Worth Fighting the Shorts?
- Macau Casinos Are Hot: Is MGM Resorts The Play?
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Get Rating).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
