Exxon Mobil Corp. (XOM) Position Decreased by Oakbrook Investments LLC
Oakbrook Investments LLC cut its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 52.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,609 shares of the company’s stock after selling 157,450 shares during the period. Oakbrook Investments LLC’s holdings in Exxon Mobil Corp. were worth $12,534,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Canandaigua National Bank & Trust Co. boosted its stake in Exxon Mobil Corp. by 1.1% in the first quarter. Canandaigua National Bank & Trust Co. now owns 218,312 shares of the company’s stock valued at $18,249,000 after buying an additional 2,477 shares in the last quarter. Royal Bank of Scotland Group PLC boosted its position in shares of Exxon Mobil Corp. by 146.8% in the first quarter. Royal Bank of Scotland Group PLC now owns 27,733 shares of the company’s stock valued at $2,319,000 after buying an additional 16,497 shares in the last quarter. Hikari Power Ltd boosted its position in shares of Exxon Mobil Corp. by 1.6% in the first quarter. Hikari Power Ltd now owns 200,383 shares of the company’s stock valued at $16,750,000 after buying an additional 3,083 shares in the last quarter. Palisade Capital Management LLC NJ boosted its position in shares of Exxon Mobil Corp. by 1.8% in the first quarter. Palisade Capital Management LLC NJ now owns 54,914 shares of the company’s stock valued at $4,590,000 after buying an additional 987 shares in the last quarter. Finally, Shufro Rose & Co. LLC boosted its position in shares of Exxon Mobil Corp. by 5.8% in the first quarter. Shufro Rose & Co. LLC now owns 334,517 shares of the company’s stock valued at $27,962,000 after buying an additional 18,434 shares in the last quarter. 50.06% of the stock is owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.6156% during mid-day trading on Monday, reaching $86.5837. The company’s stock had a trading volume of 4,630,281 shares. The company has a 50 day moving average price of $86.08 and a 200 day moving average price of $88.38. The stock has a market capitalization of $359.04 billion, a P/E ratio of 40.5354 and a beta of 0.86. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last posted its earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $58.68 billion for the quarter, compared to the consensus estimate of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.44%. The ex-dividend date is Tuesday, November 8th. Exxon Mobil Corp.’s payout ratio is 140.19%.
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Several equities analysts recently issued reports on XOM shares. Barclays PLC reduced their price objective on Exxon Mobil Corp. to $100.00 in a report on Monday, August 1st. Argus reaffirmed a “buy” rating and set a $104.00 price objective on shares of Exxon Mobil Corp. in a report on Wednesday, August 17th. reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Societe Generale set a $105.00 price objective on Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Goldman Sachs Group Inc. set a $98.00 price objective on Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 1st. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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 shares were sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the transaction, the vice president now directly owns 222,299 shares of the company’s stock, valued at $19,340,013. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.14% of the company’s stock.
About Exxon Mobil Corp.
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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