S&CO Inc. Sells 2,504 Shares of Exxon Mobil Corporation $XOM

S&CO Inc. lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 547,707 shares of the oil and gas company’s stock after selling 2,504 shares during the period. Exxon Mobil accounts for about 3.8% of S&CO Inc.’s portfolio, making the stock its 6th largest position. S&CO Inc.’s holdings in Exxon Mobil were worth $59,042,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in XOM. Bank of New York Mellon Corp increased its position in Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after acquiring an additional 1,274,860 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after purchasing an additional 512,860 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Amundi increased its holdings in shares of Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after purchasing an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after purchasing an additional 909,386 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. UBS Group boosted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Exxon Mobil Trading Up 2.3%

NYSE XOM opened at $117.19 on Monday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The stock has a 50-day simple moving average of $113.45 and a 200 day simple moving average of $110.30. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $494.19 billion, a PE ratio of 16.65, a P/E/G ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.