Savant Capital LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,446 shares of the oil and gas company’s stock after selling 1,718 shares during the quarter. Exxon Mobil comprises about 1.0% of Savant Capital LLC’s investment portfolio, making the stock its 17th largest holding. Savant Capital LLC’s holdings in Exxon Mobil were worth $4,234,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Riggs Asset Managment Co. Inc. grew its stake in Exxon Mobil by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares in the last quarter. Horan Securities Inc. grew its stake 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 valued at $122,000 after acquiring an additional 260 shares in the last quarter. Watermark Asset Management Inc. purchased a new position in Exxon Mobil during the 1st quarter valued at about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Exxon Mobil by 13.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after acquiring an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $207,000. Institutional investors and hedge funds own 51.18% of the company’s stock.
XOM has been the subject of several recent research reports. Vetr cut Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target for the company. in a research note on Friday, October 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Barclays restated an “overweight” rating and issued a $94.00 target price (up from $91.00) on shares of Exxon Mobil in a report on Friday, October 13th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil in a report on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price target on Exxon Mobil and gave the stock a “sell” rating in a report on Monday, September 25th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.14.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same period last year, the company earned $0.63 earnings per share. analysts anticipate that Exxon Mobil Corporation will post 3.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.72%. Exxon Mobil’s dividend payout ratio is 100.33%.
In other news, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,134 shares of company stock valued at $2,683,730. Corporate 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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