Stillwater Investment Management LLC Boosts Position in Exxon Mobil Corp. (XOM)
Stillwater Investment Management LLC increased its position in Exxon Mobil Corp. (NYSE:XOM) by 3.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,868 shares of the company’s stock after buying an additional 815 shares during the period. Exxon Mobil Corp. comprises approximately 1.1% of Stillwater Investment Management LLC’s portfolio, making the stock its 29th largest position. Stillwater Investment Management LLC’s holdings in Exxon Mobil Corp. were worth $2,083,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in XOM. Vanguard Group Inc. raised its position in Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the last quarter. BlackRock Fund Advisors raised its position in Exxon Mobil Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 62,193,667 shares of the company’s stock worth $5,830,034,000 after buying an additional 2,524,527 shares during the last quarter. BlackRock Group LTD raised its position in Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock worth $3,263,159,000 after buying an additional 177,918 shares during the last quarter. Ameriprise Financial Inc. raised its position in Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock worth $2,036,082,000 after buying an additional 869,112 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Exxon Mobil Corp. by 1.8% in the second quarter. Legal & General Group Plc now owns 21,519,400 shares of the company’s stock worth $2,016,466,000 after buying an additional 384,675 shares during the last quarter. 50.06% of the stock is owned by institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.75% during mid-day trading on Monday, hitting $86.47. 7,449,634 shares of the company were exchanged. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55. The company’s 50-day moving average is $86.07 and its 200 day moving average is $88.35. The company has a market capitalization of $358.56 billion, a P/E ratio of 40.48 and a beta of 0.86.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $58.68 billion for the quarter, compared to analysts’ expectations of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. Analysts expect that Exxon Mobil Corp. will post $2.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 140.19%.
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A number of equities analysts have recently commented on the company. Vetr lowered Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $88.14 price objective on the stock. in a research note on Monday, November 7th. restated a “buy” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 16th. HSBC set a $83.50 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Argus restated a “buy” rating and set a $104.00 price target on shares of Exxon Mobil Corp. in a research note on Wednesday, August 17th. Finally, Credit Suisse Group AG restated an “underperform” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, September 6th. Eight 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 an average rating of “Hold” and a consensus target price of $87.62.
In related news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.
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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