Exxon Mobil Co. (XOM) Stake Lowered by Rational Advisors LLC

Rational Advisors LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 34.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,748 shares of the oil and gas company’s stock after selling 11,461 shares during the quarter. Exxon Mobil accounts for 1.0% of Rational Advisors LLC’s investment portfolio, making the stock its 24th largest position. Rational Advisors LLC’s holdings in Exxon Mobil were worth $1,782,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of XOM. Vanguard Group Inc. lifted its holdings in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Exxon Mobil by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Exxon Mobil by 8,029.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares in the last quarter. APG Asset Management N.V. lifted its holdings in Exxon Mobil by 22.6% during the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after buying an additional 2,546,570 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Exxon Mobil by 365.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,658,225 shares of the oil and gas company’s stock worth $214,591,000 after buying an additional 2,087,165 shares in the last quarter. Hedge funds and other institutional investors own 51.29% of the company’s stock.

In related news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now directly owns 187,663 shares in the company, valued at $15,750,555.59. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock worth $4,273,910 over the last ninety days. Insiders own 0.08% of the company’s stock.

Exxon Mobil Co. (XOM) opened at $76.54 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market cap of $324,310.00, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.03 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.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion during the quarter, compared to analysts’ expectations of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. research analysts predict that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is 66.52%.

A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 target price on the stock in a report on Friday, November 17th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Goldman Sachs Group reiterated a “neutral” rating and set a $96.00 target price on shares of Exxon Mobil in a report on Thursday, February 1st. Wells Fargo & Co set a $88.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, January 11th. Finally, Barclays lowered shares of Exxon Mobil from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $91.00 to $84.00 in a report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $87.02.

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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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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