Family Firm Inc. Trims Stake in Exxon Mobil Co. (XOM)
Family Firm Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,896 shares of the oil and gas company’s stock after selling 960 shares during the quarter. Family Firm Inc.’s holdings in Exxon Mobil were worth $1,303,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of XOM. CWH Capital Management Inc. bought a new position in shares of Exxon Mobil during the second quarter valued at approximately $114,000. Acrospire Investment Management LLC boosted its stake in shares of Exxon Mobil by 172.7% during 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 purchasing an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Exxon Mobil by 2.7% during 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 purchasing an additional 50 shares in the last quarter. Saratoga Research & Investment Management acquired a new stake in Exxon Mobil in the third quarter valued at approximately $172,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Exxon Mobil in the second quarter valued at approximately $175,000. 51.29% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Co. (XOM) opened at $76.42 on Tuesday. The stock has a market cap of $323,800.00, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82. Exxon Mobil Co. has a fifty-two week low of $73.90 and a fifty-two week high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.03%. Exxon Mobil’s dividend payout ratio is currently 66.52%.
In related news, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,357 shares of company stock valued at $4,273,910. Corporate insiders own 0.08% of the company’s stock.
XOM has been the subject of several recent analyst reports. Howard Weil upgraded shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Saturday, January 13th. Vetr upgraded shares of 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, December 7th. Goldman Sachs Group set a $92.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 22nd. Finally, Jefferies Group set a $90.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.42.
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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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