Chicago Equity Partners LLC Cuts Holdings in Exxon Mobil Corporation (XOM)

Chicago Equity Partners LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 556,239 shares of the oil and gas company’s stock after selling 19,075 shares during the period. Exxon Mobil comprises about 1.2% of Chicago Equity Partners LLC’s portfolio, making the stock its 9th biggest position. Chicago Equity Partners LLC’s holdings in Exxon Mobil were worth $44,905,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of XOM. Horizon Investment Services LLC increased its stake in shares of Exxon Mobil by 0.4% during the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the period. Jag Capital Management LLC increased its stake in shares of Exxon Mobil by 0.5% during the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after buying an additional 26 shares during the period. Bellwether Investment Group LLC increased its stake in shares of Exxon Mobil by 1.3% during the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock worth $271,000 after buying an additional 44 shares during the period. BSW Wealth Partners increased its stake in shares of Exxon Mobil by 0.3% during the second quarter. BSW Wealth Partners now owns 14,356 shares of the oil and gas company’s stock worth $1,159,000 after buying an additional 47 shares during the period. Finally, Arcadia Investment Management Corp MI increased its stake in shares of Exxon Mobil by 0.7% during the second quarter. Arcadia Investment Management Corp MI now owns 7,235 shares of the oil and gas company’s stock worth $584,000 after buying an additional 49 shares during the period. Institutional investors own 51.18% of the company’s stock.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the 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. Insiders sold 33,134 shares of company stock valued at $2,683,730 over the last three months. Corporate insiders own 0.08% of the company’s stock.

Exxon Mobil Corporation (NYSE XOM) traded down $0.68 during mid-day trading on Wednesday, hitting $82.89. The stock had a trading volume of 9,357,101 shares, compared to its average volume of 10,957,676. The firm has a market capitalization of $354,094.94, a P/E ratio of 23.48, a P/E/G ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.

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 for the quarter, beating the Thomson Reuters’ 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 in the prior year, the company earned $0.63 earnings per share. equities research analysts expect that Exxon Mobil Corporation will post 3.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s payout ratio is currently 100.33%.

A number of research firms recently weighed in on XOM. UBS set a $83.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday. J P Morgan Chase & Co restated a “neutral” rating and set a $80.00 target price (down from $81.00) on shares of Exxon Mobil in a research note on Friday, August 18th. Cowen restated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research note on Tuesday, September 19th. Piper Jaffray Companies set a $76.00 price target on Exxon Mobil and gave the company a “hold” rating in a report on Friday, August 25th. Finally, Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price target for the company in a report on Thursday, August 17th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $86.14.

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Exxon Mobil Company 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.

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

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