Flputnam Investment Management Co. Has $9.68 Million Holdings in Exxon Mobil Corporation $XOM

Flputnam Investment Management Co. lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 25.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 81,394 shares of the oil and gas company’s stock after selling 28,422 shares during the quarter. Flputnam Investment Management Co.’s holdings in Exxon Mobil were worth $9,680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $114.28 on Monday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The business’s fifty day moving average is $110.16 and its 200 day moving average is $109.00. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market cap of $487.21 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.13 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business earned $2.14 EPS. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Sunday, August 24th. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.00.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.