South State Corp trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.7% in the third quarter, Holdings Channel reports. The fund owned 132,040 shares of the oil and gas company’s stock after selling 7,922 shares during the period. Exxon Mobil makes up 1.2% of South State Corp’s investment portfolio, making the stock its 14th largest position. South State Corp’s holdings in Exxon Mobil were worth $10,825,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares during the period. Capital Research Global Investors grew its holdings in Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after purchasing an additional 2,058,060 shares during the period. Legal & General Group Plc grew its holdings in Exxon Mobil by 2.7% during the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock valued at $1,872,300,000 after purchasing an additional 604,537 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Exxon Mobil by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after purchasing an additional 1,406,529 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Exxon Mobil by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 18,988,328 shares of the oil and gas company’s stock valued at $1,556,586,000 after purchasing an additional 527,894 shares during the period. 51.65% of the stock is owned by institutional investors.
In other Exxon Mobil news, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares in the company, 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 corporate insiders.
Shares of Exxon Mobil Co. (XOM) opened at $77.53 on Friday. The stock has a market capitalization of $328,500.00, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.02 and a beta of 0.82. Exxon Mobil Co. has a 52 week low of $73.90 and a 52 week high of $89.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. Exxon Mobil’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. equities analysts expect that Exxon Mobil Co. will post 4.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s dividend payout ratio is 95.36%.
Several equities analysts have weighed in on the company. Morgan Stanley set a $90.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, January 24th. Credit Suisse Group set a $84.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, January 23rd. HSBC set a $80.00 price target on Exxon Mobil and gave the stock a “sell” rating in a report on Thursday, January 18th. Goldman Sachs Group set a $92.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Saturday, January 13th. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $86.98.
About Exxon Mobil
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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