North Star Asset Management Inc. Has $6,852,000 Stake in Exxon Mobil Corp. (XOM)
North Star Asset Management Inc. decreased its position in Exxon Mobil Corp. (NYSE:XOM) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,508 shares of the company’s stock after selling 1,269 shares during the period. North Star Asset Management Inc.’s holdings in Exxon Mobil Corp. were worth $6,852,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock worth $104,000 after buying an additional 691 shares during the last quarter. Tuttle Tactical Management LLC purchased a new stake in shares of Exxon Mobil Corp. during the second quarter worth about $125,000. NewSquare Capital LLC increased its stake in shares of Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares during the last quarter. Cantab Capital Partners LLP purchased a new stake in shares of Exxon Mobil Corp. during the second quarter worth about $183,000. Finally, NCM Capital Management Group Inc. increased its stake in shares of Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock worth $185,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% during trading on Friday, hitting $87.12. 5,043,042 shares of the company were exchanged. The company has a 50 day moving average of $86.08 and a 200-day moving average of $88.38. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The stock has a market capitalization of $361.26 billion, a PE ratio of 40.79 and a beta of 0.86.
Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company earned $58.68 billion during the quarter, compared to the consensus estimate of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, analysts forecast that Exxon Mobil Corp. will post $2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio is presently 140.19%.
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A number of equities research analysts have recently weighed in on XOM shares. Vetr downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price target on the stock. in a research note on Wednesday, September 28th. Societe Generale set a $105.00 price target on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price target on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a research note on Monday, August 1st. Barclays PLC reduced their price target on shares of Exxon Mobil Corp. to $100.00 in a research note on Monday, August 1st. Finally, Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Wednesday, August 24th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. Exxon Mobil Corp. currently has a consensus rating of “Hold” and an average target price of $87.62.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total value of $1,392,000.00. Following the completion of the transaction, the vice president now owns 222,299 shares in the company, valued at $19,340,013. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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