Exxon Mobil Corporation (XOM) Shares Bought by Cutler Investment Counsel LLC
Cutler Investment Counsel LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,579 shares of the oil and gas company’s stock after acquiring an additional 1,204 shares during the period. Exxon Mobil makes up about 2.3% of Cutler Investment Counsel LLC’s portfolio, making the stock its 18th biggest holding. Cutler Investment Counsel LLC’s holdings in Exxon Mobil were worth $9,089,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Exxon Mobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares during the last quarter. State Street Corp raised its stake in Exxon Mobil by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the last quarter. Legal & General Group Plc raised its stake in Exxon Mobil by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after acquiring an additional 604,537 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Exxon Mobil by 7.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after acquiring an additional 1,406,529 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Exxon Mobil by 2.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock worth $1,490,398,000 after acquiring an additional 353,561 shares during the last quarter. Institutional investors own 51.18% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) traded up $0.11 during trading hours on Friday, hitting $82.66. The stock had a trading volume of 11,988,473 shares, compared to its average volume of 9,561,263. 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 current ratio of 0.85 and a quick ratio of 0.54. The firm has a market cap of $350,239.19, a PE ratio of 23.22, a PEG ratio of 1.73 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the firm earned $0.63 EPS. equities research analysts expect that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
In other news, insider James M. Spellings, Jr. sold 9,379 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the sale, the insider now directly owns 220,000 shares in the company, valued at approximately $18,341,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The disclosure for this sale can be found here. Insiders have sold a total of 42,513 shares of company stock worth $3,465,657 over the last 90 days. Insiders own 0.08% of the company’s stock.
A number of equities analysts recently issued reports on the company. Vetr upgraded Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 target price for the company in a research note on Thursday. UBS set a $83.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, December 4th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group set a $86.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, November 7th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $86.14.
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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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