Brighton Jones LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,924 shares of the oil and gas company’s stock after selling 989 shares during the period. Brighton Jones LLC’s holdings in Exxon Mobil were worth $2,207,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Exxon Mobil by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after acquiring an additional 2,058,060 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Exxon Mobil by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after acquiring an additional 604,537 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Exxon Mobil by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after acquiring an additional 1,406,529 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Exxon Mobil by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 18,988,328 shares of the oil and gas company’s stock valued at $1,556,586,000 after buying an additional 527,894 shares in the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.
In other news, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction 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 sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,357 shares of company stock valued at $4,273,910. Company insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 return on equity of 8.09% and a net margin of 7.61%. The company had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. equities analysts predict that Exxon Mobil Co. will post 4.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.07%. Exxon Mobil’s dividend payout ratio (DPR) is 66.52%.
Several research firms recently weighed in on XOM. Barclays set a $84.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday. Goldman Sachs Group set a $92.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 22nd. Piper Jaffray Companies reissued a “hold” rating and issued a $83.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. JPMorgan Chase & Co. set a $81.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $87.02.
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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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