Leisure Capital Management Decreases Position in Exxon Mobil Co. (XOM)

Leisure Capital Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 27.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 20,256 shares of the oil and gas company’s stock after selling 7,646 shares during the quarter. Exxon Mobil accounts for about 1.4% of Leisure Capital Management’s holdings, making the stock its 14th largest holding. Leisure Capital Management’s holdings in Exxon Mobil were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Koch Industries Inc. grew its position in Exxon Mobil by 343.1% during the 1st quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock worth $932,000 after acquiring an additional 9,676 shares during the last quarter. First Command Bank grew its position in Exxon Mobil by 96.0% during the 2nd quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock worth $15,550,000 after acquiring an additional 92,058 shares during the last quarter. Eaton Vance Management grew its position in Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after acquiring an additional 3,136,452 shares during the last quarter. First Financial Bank Trust Division grew its position in Exxon Mobil by 3.5% during the 2nd quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock worth $7,078,000 after acquiring an additional 2,883 shares during the last quarter. Finally, TLP Group LLC grew its position in Exxon Mobil by 2,160.1% during the 1st quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock worth $317,000 after acquiring an additional 4,061 shares during the last quarter. 52.43% of the stock is currently owned by institutional investors.

Shares of XOM stock opened at $80.87 on Friday. The company has a market capitalization of $347.43 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 4.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.06%. Exxon Mobil’s dividend payout ratio is presently 91.36%.

In related news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

XOM has been the topic of several recent research reports. Societe Generale set a $92.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. HSBC restated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil in a research report on Wednesday, September 12th. Credit Suisse Group set a $80.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Monday, October 1st. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of Exxon Mobil in a research report on Tuesday, October 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus target price of $87.27.

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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; and transports and sells crude oil, natural gas, and petroleum products.

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

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