S&CO Inc. Sells 11,971 Shares of Exxon Mobil Corporation $XOM

S&CO Inc. decreased its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 535,736 shares of the oil and gas company’s stock after selling 11,971 shares during the quarter. Exxon Mobil makes up 3.7% of S&CO Inc.’s investment portfolio, making the stock its 5th biggest holding. S&CO Inc.’s holdings in Exxon Mobil were worth $60,404,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ipsen Advisor Group LLC raised its position in Exxon Mobil by 1.6% in the 3rd quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 88 shares during the last quarter. Nexus Investment Management ULC increased its stake in shares of Exxon Mobil by 1.6% in the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 89 shares in the last quarter. Sagace Wealth Management LLC raised its holdings in shares of Exxon Mobil by 2.7% in the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 90 shares during the last quarter. Creative Capital Management Investments LLC lifted its position in Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after buying an additional 91 shares in the last quarter. Finally, Capstone Wealth Management LLC grew its holdings in Exxon Mobil by 3.8% during the 3rd quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 92 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Mizuho set a $140.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Loop Capital set a $123.00 target price on Exxon Mobil in a research note on Tuesday, February 3rd. Bank of America raised their price target on Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Jefferies Financial Group boosted their price objective on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.59.

Read Our Latest Report on XOM

Exxon Mobil Stock Performance

Shares of XOM stock opened at $151.22 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The stock has a market cap of $637.72 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 15.49 and a beta of 0.39. The stock has a 50-day moving average of $126.47 and a 200-day moving average of $117.70. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $151.55.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter last year, the firm earned $1.67 EPS. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Exxon Mobil’s payout ratio is 61.58%.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the sale, the vice president owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This trade represents a 13.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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