Alpha Cubed Investments LLC Purchases 10,670 Shares of Exxon Mobil Co. (XOM)
Alpha Cubed Investments LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,724 shares of the oil and gas company’s stock after acquiring an additional 10,670 shares during the quarter. Exxon Mobil makes up about 2.0% of Alpha Cubed Investments LLC’s portfolio, making the stock its 22nd biggest holding. Alpha Cubed Investments LLC’s holdings in Exxon Mobil were worth $13,176,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in XOM. CWH Capital Management Inc. acquired a new position in Exxon Mobil in the second quarter valued at about $114,000. Horan Securities Inc. lifted its position in Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares during the last quarter. Acrospire Investment Management LLC lifted its position in Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Exxon Mobil in the second quarter valued at about $175,000. 51.05% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on XOM shares. Howard Weil raised shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. Jefferies Group set a $85.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. Goldman Sachs Group set a $89.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Zacks Investment Research lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Vetr upgraded shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price on the stock in a research note on Wednesday, December 13th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and an average price target of $86.36.
Shares of Exxon Mobil Co. (XOM) opened at $83.90 on Thursday. The company has a market capitalization of $355,789.78, a PE ratio of 27.33, a P/E/G ratio of 1.76 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $91.34. 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 posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations 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 business earned $0.63 EPS. analysts expect that Exxon Mobil Co. will post 3.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.67%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is 100.33%.
In other news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the transaction, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock valued at $4,273,910 in the last 90 days. 0.08% of the stock is owned by company insiders.
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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