Granite Investment Partners LLC Boosts Stake in Exxon Mobil Co. (XOM)

Granite Investment Partners LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 40,997 shares of the oil and gas company’s stock after acquiring an additional 920 shares during the period. Granite Investment Partners LLC’s holdings in Exxon Mobil were worth $3,361,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWH Capital Management Inc. acquired a new stake in shares of Exxon Mobil during the second quarter worth $114,000. Acrospire Investment Management LLC increased its position in shares of Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the period. Saratoga Research & Investment Management bought a new position in shares of Exxon Mobil in the third quarter worth $172,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Exxon Mobil in the second quarter worth $175,000. 51.29% of the stock is owned by institutional investors.

Shares of Exxon Mobil Co. (NYSE XOM) opened at $76.54 on Friday. Exxon Mobil Co. has a 12 month low of $73.90 and a 12 month high of $89.30. The company has a market capitalization of $324,310.00, a PE ratio of 16.53, a PEG ratio of 1.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The firm had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that Exxon Mobil Co. will post 4.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.

A number of research analysts recently commented on XOM shares. Royal Bank of Canada decreased their price target on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 16th. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, January 16th. Jefferies Group set a $90.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, January 19th. BNP Paribas set a $75.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, January 8th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $87.02.

In other news, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock worth $4,273,910 over the last three months. 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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