Exxon Mobil Corp. (XOM) is Bridge Creek Capital Management LLC’s Largest Position
Bridge Creek Capital Management LLC boosted its stake in Exxon Mobil Corp. (NYSE:XOM) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,381 shares of the company’s stock after buying an additional 2,530 shares during the period. Exxon Mobil Corp. comprises about 4.3% of Bridge Creek Capital Management LLC’s holdings, making the stock its largest position. Bridge Creek Capital Management LLC’s holdings in Exxon Mobil Corp. were worth $7,539,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. boosted 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 valued at $104,000 after buying an additional 691 shares in the last quarter. Tuttle Tactical Management LLC bought a new stake in shares of Exxon Mobil Corp. during the second quarter valued at about $125,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil Corp. during the third quarter valued at about $137,000. NewSquare Capital LLC boosted 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 valued at $150,000 after buying an additional 33 shares in the last quarter. Finally, Cantab Capital Partners LLP bought a new stake in shares of Exxon Mobil Corp. during the second quarter valued at about $183,000. 50.06% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded up 2.0257% during mid-day trading on Wednesday, reaching $87.6401. 11,890,456 shares of the company traded hands. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The firm has a market cap of $363.42 billion, a PE ratio of 41.0300 and a beta of 0.86. The stock’s 50-day moving average price is $86.07 and its 200-day moving average price is $88.35.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The business earned $58.68 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. Analysts forecast that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio is presently 140.19%.
COPYRIGHT VIOLATION WARNING: “Exxon Mobil Corp. (XOM) is Bridge Creek Capital Management LLC’s Largest Position” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2016/11/30/exxon-mobil-corp-xom-is-bridge-creek-capital-management-llcs-largest-position.html.
A number of brokerages recently weighed in on XOM. Vetr cut shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price target for the company. in a research report on Wednesday, September 28th. Societe Generale set a $105.00 price target on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Monday, August 15th. Morningstar Inc. reaffirmed a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Wednesday, August 24th. BNP Paribas set a $80.00 price target on shares of Exxon Mobil Corp. and gave the stock a “sell” rating in a research report on Tuesday, October 11th. Finally, Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, September 6th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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 stock was 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 in the company, valued at approximately $19,340,013. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.
Receive News & Stock Ratings for Exxon Mobil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corp. and related stocks with our FREE daily email newsletter.