Sigma Planning Corp lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 10.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,413 shares of the oil and gas company’s stock after selling 7,883 shares during the quarter. Sigma Planning Corp’s holdings in Exxon Mobil were worth $5,281,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Exxon Mobil by 7.9% during the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. Schwab Charles Investment Management Inc. lifted 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Exxon Mobil by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock valued at $976,677,000 after purchasing an additional 51,810 shares in the last quarter. APG Asset Management N.V. lifted its holdings in Exxon Mobil by 22.7% during the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock valued at $910,002,000 after purchasing an additional 2,088,263 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Exxon Mobil by 2.1% during the second quarter. Rhumbline Advisers now owns 7,636,262 shares of the oil and gas company’s stock valued at $616,475,000 after purchasing an additional 160,678 shares in the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.
Exxon Mobil Corporation (XOM) traded up $0.27 during trading on Thursday, reaching $82.55. 11,359,598 shares of the company traded hands, compared to its average volume of 10,969,720. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The firm has a market capitalization of $349,650.00, a PE ratio of 23.28, a P/E/G ratio of 1.73 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The firm had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the business earned $0.63 earnings per share. research analysts anticipate that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s payout ratio is currently 100.33%.
In other news, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,513 shares of company stock valued at $3,465,657. 0.08% of the stock is owned by company insiders.
XOM has been the topic of several recent analyst reports. Vetr downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Barclays reaffirmed an “overweight” rating and set a $94.00 price objective (up from $91.00) on shares of Exxon Mobil in a report on Friday, October 13th. Morgan Stanley reaffirmed an “underperform” rating on shares of Exxon Mobil in a report on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a report on Monday, September 25th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $86.14.
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Exxon Mobil Profile
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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