Exxon Mobil Co. (XOM) Stake Boosted by Well Done LLC
Well Done LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,081 shares of the oil and gas company’s stock after acquiring an additional 1,071 shares during the quarter. Exxon Mobil accounts for 1.5% of Well Done LLC’s investment portfolio, making the stock its 17th largest position. Well Done LLC’s holdings in Exxon Mobil were worth $4,761,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in XOM. CWH Capital Management Inc. acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $114,000. Horan Securities Inc. lifted its holdings in Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after buying an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after buying an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $172,000. Institutional investors own 51.05% of the company’s stock.
A number of research firms have issued reports on XOM. JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Monday. Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $86.54 target price on the stock. in a report on Tuesday, January 2nd. Howard Weil upgraded shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Jefferies Group set a $85.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Wednesday, December 20th. Finally, Goldman Sachs Group set a $89.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, December 14th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and an average target price of $86.18.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same period last year, the firm posted $0.63 EPS. research analysts predict that Exxon Mobil Co. will post 3.66 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is 100.33%.
In related news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock worth $4,273,910 over the last ninety days. Insiders own 0.08% of the company’s stock.
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Exxon Mobil Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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