Inverness Counsel LLC NY lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,337 shares of the oil and gas company’s stock after purchasing an additional 11,987 shares during the period. Inverness Counsel LLC NY’s holdings in Exxon Mobil were worth $18,166,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its stake in shares of Exxon Mobil by 1.0% in the fourth quarter. American International Group Inc. now owns 5,853,161 shares of the oil and gas company’s stock worth $408,434,000 after acquiring an additional 60,392 shares during the period. Modera Wealth Management LLC lifted its stake in shares of Exxon Mobil by 3.3% in the fourth quarter. Modera Wealth Management LLC now owns 31,944 shares of the oil and gas company’s stock worth $2,229,000 after acquiring an additional 1,030 shares during the period. Royal Harbor Partners LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth approximately $971,000. Aurora Private Wealth Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter worth approximately $733,000. Finally, Rhumbline Advisers lifted its stake in shares of Exxon Mobil by 0.8% in the fourth quarter. Rhumbline Advisers now owns 7,740,198 shares of the oil and gas company’s stock worth $540,111,000 after acquiring an additional 61,650 shares during the period. Institutional investors own 54.48% of the company’s stock.
Shares of XOM opened at $60.93 on Friday. Exxon Mobil Co. has a 52-week low of $59.62 and a 52-week high of $83.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. The business’s 50 day moving average price is $66.72 and its two-hundred day moving average price is $69.08. The firm has a market cap of $253.70 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.89. Exxon Mobil had a return on equity of 5.11% and a net margin of 5.41%. The firm had revenue of $67.17 billion for the quarter, compared to analyst estimates of $64.58 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 3.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 11th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.71%. The ex-dividend date is Monday, February 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
In other news, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the transaction, the vice president now directly owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total value of $668,338.65. 0.05% of the stock is currently owned by insiders.
A number of equities analysts recently commented on XOM shares. HSBC reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Wednesday. Cowen cut their price objective on Exxon Mobil from $75.00 to $70.00 and set a “market perform” rating on the stock in a research note on Monday, February 3rd. Berenberg Bank set a $63.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Scotiabank lowered Exxon Mobil from a “sector perform” rating to a “sector underperform” rating and set a $75.00 price objective on the stock. in a research note on Thursday, January 23rd. Finally, Piper Jaffray Companies started coverage on Exxon Mobil in a research note on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have issued a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $74.48.
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 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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