Exxon Mobil Corporation (XOM) Shares Sold by Financial Advisory Group
Financial Advisory Group trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,432 shares of the oil and gas company’s stock after selling 1,190 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of Financial Advisory Group’s investment portfolio, making the stock its 12th biggest position. Financial Advisory Group’s holdings in Exxon Mobil were worth $2,699,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sfmg LLC boosted its stake in shares of Exxon Mobil by 0.6% in the 2nd quarter. Sfmg LLC now owns 34,410 shares of the oil and gas company’s stock valued at $2,778,000 after buying an additional 220 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in shares of Exxon Mobil by 1.0% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 227,459 shares of the oil and gas company’s stock valued at $18,363,000 after buying an additional 2,303 shares during the period. Intrust Bank NA boosted its stake in shares of Exxon Mobil by 6.2% in the 2nd quarter. Intrust Bank NA now owns 44,931 shares of the oil and gas company’s stock valued at $3,628,000 after buying an additional 2,617 shares during the period. Prudential Financial Inc. boosted its stake in shares of Exxon Mobil by 15.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,155,883 shares of the oil and gas company’s stock valued at $900,613,000 after buying an additional 1,488,902 shares during the period. Finally, Usca Ria LLC raised its position in shares of Exxon Mobil by 0.5% during the 2nd quarter. Usca Ria LLC now owns 102,660 shares of the oil and gas company’s stock worth $8,288,000 after acquiring an additional 552 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.
In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,134 shares of company stock worth $2,683,730. 0.08% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently weighed in on the company. UBS set a $83.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday. J P Morgan Chase & Co reissued a “neutral” rating and set a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Cowen reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Tuesday, September 19th. Piper Jaffray Companies set a $76.00 target price on Exxon Mobil and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research report on Thursday, August 17th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $86.14.
Exxon Mobil Corporation (NYSE XOM) traded up $0.11 on Tuesday, reaching $83.57. The company’s stock had a trading volume of 12,597,700 shares, compared to its average volume of 10,964,545. The firm has a market capitalization of $353,628.84, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter in the previous year, the company posted $0.63 earnings per share. sell-side analysts predict that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders 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 3.69%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is 100.33%.
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Exxon Mobil Company 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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