Beaumont Financial Partners LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 15.5% in the third quarter, HoldingsChannel.com reports. The fund owned 38,943 shares of the oil and gas company’s stock after acquiring an additional 5,214 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Exxon Mobil were worth $3,311,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Spearhead Capital Advisors LLC lifted its position in shares of Exxon Mobil by 9.0% in the 2nd quarter. Spearhead Capital Advisors LLC now owns 41,530 shares of the oil and gas company’s stock worth $3,436,000 after purchasing an additional 3,441 shares during the period. Intact Investment Management Inc. raised its stake in shares of Exxon Mobil by 22.0% during the 2nd quarter. Intact Investment Management Inc. now owns 54,300 shares of the oil and gas company’s stock worth $4,497,000 after purchasing an additional 9,800 shares in the last quarter. Main Street Research LLC raised its stake in shares of Exxon Mobil by 1.9% during the 2nd quarter. Main Street Research LLC now owns 39,927 shares of the oil and gas company’s stock worth $3,303,000 after purchasing an additional 728 shares in the last quarter. Conning Inc. raised its stake in shares of Exxon Mobil by 5.2% during the 2nd quarter. Conning Inc. now owns 690,507 shares of the oil and gas company’s stock worth $56,889,000 after purchasing an additional 34,413 shares in the last quarter. Finally, Strategic Financial Group LLC raised its stake in shares of Exxon Mobil by 26.8% during the 2nd quarter. Strategic Financial Group LLC now owns 12,397 shares of the oil and gas company’s stock worth $1,026,000 after purchasing an additional 2,619 shares in the last quarter. Hedge funds and other institutional investors own 53.72% of the company’s stock.
A number of research analysts have commented on XOM shares. HSBC reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Exxon Mobil in a report on Tuesday, November 6th. Zacks Investment Research restated a “hold” rating on shares of Exxon Mobil in a research report on Saturday, November 17th. BNP Paribas set a $80.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, November 20th. Argus restated a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Finally, Goldman Sachs Group set a $79.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, February 1st. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $83.85.
Shares of XOM opened at $76.25 on Thursday. The firm has a market capitalization of $313.49 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year 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 Thomson Reuters’ consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion during the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a return on equity of 10.89% and a net margin of 7.18%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 3.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Monday, February 11th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, February 8th. Exxon Mobil’s payout ratio is 66.53%.
In other news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the sale, the vice president now owns 223,461 shares of the company’s stock, valued at approximately $16,276,899.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $746,620.02. Following the completion of the sale, the insider now directly owns 249,122 shares of the company’s stock, valued at approximately $19,533,656.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,587 shares of company stock valued at $4,507,808. Corporate insiders own 0.08% of the company’s stock.
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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