Exxon Mobil Co. (XOM) Shares Sold by Inverness Counsel LLC NY

Inverness Counsel LLC NY lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 48.7% during the second quarter, Holdings Channel reports. The fund owned 109,106 shares of the oil and gas company’s stock after selling 103,689 shares during the quarter. Inverness Counsel LLC NY’s holdings in Exxon Mobil were worth $9,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Grassi Investment Management boosted its position in shares of Exxon Mobil by 0.6% during the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock worth $7,744,000 after purchasing an additional 600 shares in the last quarter. Outfitter Advisors LTD. boosted its position in shares of Exxon Mobil by 1.4% during the 2nd quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock worth $3,939,000 after purchasing an additional 650 shares in the last quarter. X Square Capital LLC boosted its position in shares of Exxon Mobil by 16.8% during the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after purchasing an additional 653 shares in the last quarter. Cue Financial Group Inc. boosted its position in shares of Exxon Mobil by 4.8% during the 2nd quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock worth $1,180,000 after purchasing an additional 657 shares in the last quarter. Finally, We Are One Seven LLC boosted its position in shares of Exxon Mobil by 3.8% during the 1st quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock worth $1,372,000 after purchasing an additional 671 shares in the last quarter. 52.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE XOM opened at $80.87 on Friday. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The stock has a market capitalization of $351.84 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.56%. The business had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 4.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.06%. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.

XOM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Monday, October 1st. HSBC reissued a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 12th. BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, August 28th. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $93.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $87.27.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.08% of the company’s stock.

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Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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