Exxon Mobil Corp. (XOM) is Monarch Capital Management Inc.’s 3rd Largest Position
Monarch Capital Management Inc. raised its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,235 shares of the company’s stock after buying an additional 360 shares during the period. Exxon Mobil Corp. accounts for approximately 3.2% of Monarch Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. Monarch Capital Management Inc.’s holdings in Exxon Mobil Corp. were worth $8,574,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Investec Asset Management LTD increased its stake in shares of Exxon Mobil Corp. by 62.8% in the first quarter. Investec Asset Management LTD now owns 984,259 shares of the company’s stock worth $82,274,000 after buying an additional 379,625 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Exxon Mobil Corp. by 6.9% in the first quarter. Ropes Wealth Advisors LLC now owns 155,879 shares of the company’s stock worth $13,030,000 after buying an additional 10,075 shares in the last quarter. Cannell Peter B & Co Inc increased its stake in shares of Exxon Mobil Corp. by 0.4% in the first quarter. Cannell Peter B & Co Inc now owns 376,962 shares of the company’s stock worth $31,510,000 after buying an additional 1,483 shares in the last quarter. Wunderlich Capital Managemnt increased its stake in shares of Exxon Mobil Corp. by 10.8% in the first quarter. Wunderlich Capital Managemnt now owns 4,220 shares of the company’s stock worth $353,000 after buying an additional 410 shares in the last quarter. Finally, Monetary Management Group Inc. increased its stake in shares of Exxon Mobil Corp. by 0.3% in the first quarter. Monetary Management Group Inc. now owns 19,819 shares of the company’s stock worth $1,657,000 after buying an additional 50 shares in the last quarter. 50.06% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.5955% during trading on Tuesday, reaching $85.9551. The company had a trading volume of 5,577,446 shares. The firm has a market capitalization of $356.43 billion, a PE ratio of 40.2412 and a beta of 0.86. The firm’s 50 day moving average price is $86.07 and its 200 day moving average price is $88.35. 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 released its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The company earned $58.68 billion during the quarter, compared to the consensus estimate of $61.34 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. Exxon Mobil Corp.’s revenue was down 12.9% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corp. will post $2.24 EPS for the current 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 paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio is 140.19%.
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XOM has been the topic of several recent research reports. Jefferies Group reissued a “hold” rating and set a $85.00 price objective on shares of Exxon Mobil Corp. in a report on Monday, August 1st. Goldman Sachs Group Inc. set a $98.00 price objective on Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 1st. Barclays PLC cut their price objective on Exxon Mobil Corp. to $100.00 in a report on Monday, August 1st. Exane BNP Paribas initiated coverage on Exxon Mobil Corp. in a report on Monday, October 10th. They set an “underperform” rating and a $80.00 price objective on the stock. Finally, HSBC set a $91.00 price objective on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, October 11th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.69.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now 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 available through the SEC website. Company 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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