Cobblestone Capital Advisors LLC NY Cuts Stake in Exxon Mobil Co. (XOM)
Cobblestone Capital Advisors LLC NY lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 67,746 shares of the oil and gas company’s stock after selling 3,783 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Exxon Mobil were worth $5,605,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. HC Financial Advisors Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $1,137,000. Lakeview Capital Partners LLC raised its stake in shares of Exxon Mobil by 3.5% in the first quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock worth $1,499,000 after purchasing an additional 677 shares during the last quarter. HMS Capital Management LLC purchased a new position in shares of Exxon Mobil in the first quarter worth about $335,000. LS Investment Advisors LLC raised its stake in shares of Exxon Mobil by 0.7% in the first quarter. LS Investment Advisors LLC now owns 219,820 shares of the oil and gas company’s stock worth $16,401,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Exxon Mobil by 1.4% in the first quarter. Neuberger Berman Group LLC now owns 1,847,477 shares of the oil and gas company’s stock worth $137,966,000 after purchasing an additional 25,307 shares during the last quarter. Institutional investors own 52.46% of the company’s stock.
Exxon Mobil stock opened at $78.96 on Monday. The stock has a market cap of $334.59 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.24 and a beta of 0.86. Exxon Mobil Co. has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is currently 91.36%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.
XOM has been the subject of several research analyst reports. Morningstar set a $90.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, September 5th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, August 28th. Jefferies Financial Group set a $87.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 24th. Macquarie restated a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Friday, October 19th. Finally, Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Thursday, October 25th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $87.27.
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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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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