Exxon Mobil Co. (XOM) Holdings Trimmed by Victory Capital Management Inc.
Victory Capital Management Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 9.6% during the third quarter, HoldingsChannel.com reports. The firm owned 257,889 shares of the oil and gas company’s stock after selling 27,472 shares during the period. Victory Capital Management Inc.’s holdings in Exxon Mobil were worth $21,926,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of XOM. Kwmg LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at $102,000. WESPAC Advisors SoCal LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at $110,000. Mainstay Capital Management LLC ADV raised its stake in shares of Exxon Mobil by 112.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,000 shares during the period. Camarda Financial Advisors LLC raised its stake in shares of Exxon Mobil by 175.2% in the 3rd quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,167 shares during the period. Finally, Smart Portfolios LLC raised its stake in shares of Exxon Mobil by 97.8% in the 2nd quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 1,000 shares during the period. 53.72% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Argus reissued a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Barclays set a $82.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a report on Monday, February 4th. Goldman Sachs Group set a $79.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Credit Suisse Group set a $79.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Finally, JPMorgan Chase & Co. set a $87.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $83.70.
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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion during the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. On average, analysts forecast that Exxon Mobil Co. will post 3.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Friday, February 8th. Exxon Mobil’s dividend payout ratio is currently 66.53%.
In other Exxon Mobil news, insider John R. Verity sold 15,850 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $76.94, for a total transaction of $1,219,499.00. Following the completion of the transaction, the insider now directly owns 146,350 shares of the company’s stock, valued at approximately $11,260,169. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James M. Spellings, Jr. sold 9,522 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $78.41, for a total transaction of $746,620.02. Following the transaction, the insider now directly owns 249,122 shares of the company’s stock, valued at $19,533,656.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,587 shares of company stock valued at $4,507,808. 0.08% of the stock is owned by company insiders.
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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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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