Keel Point LLC Cuts Stake in Exxon Mobil Co. (XOM)

Keel Point LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 14.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,372 shares of the oil and gas company’s stock after selling 1,640 shares during the period. Keel Point LLC’s holdings in Exxon Mobil were worth $768,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWH Capital Management Inc. purchased a new stake in Exxon Mobil during the 2nd quarter valued at $114,000. Acrospire Investment Management LLC boosted its position in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares during the period. Saratoga Research & Investment Management purchased a new stake in Exxon Mobil during the 3rd quarter valued at $172,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Exxon Mobil during the 2nd quarter valued at $175,000. 51.65% of the stock is owned by institutional investors.

In related news, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 over the last three months. 0.08% of the stock is currently owned by insiders.

XOM has been the subject of several analyst reports. TheStreet raised shares of Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Vetr cut shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $92.50 price target for the company. in a research report on Friday, December 1st. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Thursday, October 26th. Howard Weil raised shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $83.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $87.02.

Exxon Mobil Co. (XOM) opened at $75.86 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market cap of $321,430.00, a PE ratio of 23.49, a P/E/G ratio of 1.02 and a beta of 0.82. Exxon Mobil Co. has a 12 month low of $73.90 and a 12 month high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. analysts anticipate that Exxon Mobil Co. will post 4.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is 95.36%.

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About Exxon Mobil

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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