Granite Investment Advisors LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,776 shares of the oil and gas company’s stock after selling 6,375 shares during the quarter. Granite Investment Advisors LLC’s holdings in Exxon Mobil were worth $6,698,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Kwmg LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $102,000. WESPAC Advisors SoCal LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth about $110,000. Mainstay Capital Management LLC ADV increased its position in shares of Exxon Mobil by 112.7% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 1,000 shares in the last quarter. Camarda Financial Advisors LLC increased its position in shares of Exxon Mobil by 175.2% during the 3rd quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Smart Portfolios LLC increased its position in shares of Exxon Mobil by 97.8% during the 2nd quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock worth $167,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 53.20% of the company’s stock.
XOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a $87.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, February 1st. Wolfe Research upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. HSBC reiterated a “buy” rating and set a $85.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 13th. Raymond James cut shares of Exxon Mobil from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 20th. Finally, Credit Suisse Group set a $79.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, December 31st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $84.57.
XOM opened at $79.03 on Friday. 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 $332.30 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.75 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year 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 for the quarter, beating the consensus estimate of $1.08 by $0.43. The firm had revenue of $71.90 billion during 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 4.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 11th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, February 8th. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.
In other news, VP David S. Rosenthal sold 7,562 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total value of $614,336.88. Following the transaction, the vice president now owns 258,250 shares of the company’s stock, valued at approximately $20,980,230. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total transaction of $1,092,600.00. Following the completion of the transaction, the vice president now directly owns 223,461 shares in the company, valued at approximately $16,276,899.24. The disclosure for this sale can be found here. Insiders sold a total of 41,210 shares of company stock worth $3,141,350 in the last ninety days. Insiders own 0.08% of the company’s stock.
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About Exxon Mobil
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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