Deltec Asset Management LLC Reduces Stake in Exxon Mobil Co. (XOM)

Deltec Asset Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 81.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,660 shares of the oil and gas company’s stock after selling 20,000 shares during the period. Deltec Asset Management LLC’s holdings in Exxon Mobil were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. boosted its stake in shares of Exxon Mobil by 2,293.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 854,667 shares of the oil and gas company’s stock worth $70,707,000 after buying an additional 818,951 shares during the last quarter. Donaldson Capital Management LLC boosted its stake in shares of Exxon Mobil by 18.8% in the 2nd quarter. Donaldson Capital Management LLC now owns 315,981 shares of the oil and gas company’s stock worth $26,141,000 after buying an additional 50,057 shares during the last quarter. Girard Partners LTD. boosted its stake in shares of Exxon Mobil by 6.0% in the 2nd quarter. Girard Partners LTD. now owns 97,382 shares of the oil and gas company’s stock worth $8,056,000 after buying an additional 5,479 shares during the last quarter. Fluent Financial LLC boosted its stake in shares of Exxon Mobil by 39.1% in the 2nd quarter. Fluent Financial LLC now owns 23,348 shares of the oil and gas company’s stock worth $1,932,000 after buying an additional 6,567 shares during the last quarter. Finally, Highland Private Wealth Management purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $733,000. Hedge funds and other institutional investors own 52.39% of the company’s stock.

Shares of Exxon Mobil stock opened at $75.49 on Friday. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The firm has a market capitalization of $328.66 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.21 and a beta of 0.86. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same period last year, the firm earned $0.93 EPS. Exxon Mobil’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 4.7 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 dividend on an annualized basis and a yield of 4.34%. Exxon Mobil’s dividend payout ratio is currently 91.36%.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated a “buy” rating and issued a $105.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 8th. Jefferies Financial Group restated a “neutral” rating and issued a $87.00 price target on shares of Exxon Mobil in a research note on Friday, September 28th. Macquarie restated a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research note on Friday, October 19th. BNP Paribas set a $85.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, August 28th. Finally, Societe Generale set a $92.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research note on Monday, August 6th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $87.00.

In related news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

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About Exxon Mobil

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.

See Also: Balance Sheet

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

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