Cohen & Steers Inc. decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 91.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,595 shares of the oil and gas company’s stock after selling 437,455 shares during the period. Cohen & Steers Inc.’s holdings in Exxon Mobil were worth $3,536,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Berkshire Asset Management LLC PA lifted its stake in shares of Exxon Mobil by 8.3% in the third quarter. Berkshire Asset Management LLC PA now owns 366,633 shares of the oil and gas company’s stock worth $31,171,000 after acquiring an additional 28,102 shares in the last quarter. Delaney Dennis R lifted its stake in shares of Exxon Mobil by 3.9% in the third quarter. Delaney Dennis R now owns 25,194 shares of the oil and gas company’s stock worth $2,144,000 after acquiring an additional 950 shares in the last quarter. First Manhattan Co. lifted its stake in shares of Exxon Mobil by 1.5% in the third quarter. First Manhattan Co. now owns 449,527 shares of the oil and gas company’s stock worth $38,219,000 after acquiring an additional 6,697 shares in the last quarter. Willingdon Wealth Management lifted its stake in shares of Exxon Mobil by 12.3% in the third quarter. Willingdon Wealth Management now owns 70,271 shares of the oil and gas company’s stock worth $5,974,000 after acquiring an additional 7,718 shares in the last quarter. Finally, Wealth Advisors of Tampa Bay LLC lifted its stake in shares of Exxon Mobil by 95.3% in the third quarter. Wealth Advisors of Tampa Bay LLC now owns 49,452 shares of the oil and gas company’s stock worth $4,205,000 after acquiring an additional 24,125 shares in the last quarter. 53.62% of the stock is owned by institutional investors.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total transaction of $1,092,600.00. Following the sale, the vice president now owns 223,461 shares in the company, valued at $16,276,899.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company’s stock.
XOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. set a $87.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, February 1st. Wolfe Research upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. HSBC reiterated a “buy” rating and issued a $85.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 13th. Raymond James cut Exxon Mobil from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 20th. Finally, Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, December 31st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.52.
Shares of NYSE XOM opened at $80.44 on Friday. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a market cap of $339.00 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.51 and a current ratio of 0.84.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The firm had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Exxon Mobil’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 4.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, February 8th. Exxon Mobil’s payout ratio is currently 66.53%.
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Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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