ProVise Management Group LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 16.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,420 shares of the oil and gas company’s stock after buying an additional 3,337 shares during the period. ProVise Management Group LLC’s holdings in Exxon Mobil were worth $1,991,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in XOM. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Exxon Mobil by 5.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,145 shares of the oil and gas company’s stock worth $1,033,000 after buying an additional 620 shares in the last quarter. Peachtree Investment Advisors Inc. grew its position in shares of Exxon Mobil by 7.1% during the 3rd quarter. Peachtree Investment Advisors Inc. now owns 9,401 shares of the oil and gas company’s stock worth $799,000 after buying an additional 625 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its position in shares of Exxon Mobil by 1.3% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 47,669 shares of the oil and gas company’s stock worth $4,053,000 after buying an additional 630 shares in the last quarter. Weatherstone Capital Management grew its position in shares of Exxon Mobil by 9.9% during the 3rd quarter. Weatherstone Capital Management now owns 7,112 shares of the oil and gas company’s stock worth $605,000 after buying an additional 643 shares in the last quarter. Finally, Dividend Assets Capital LLC grew its position in shares of Exxon Mobil by 1.8% during the 2nd quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock worth $2,957,000 after buying an additional 645 shares in the last quarter. Institutional investors own 53.20% of the company’s stock.
Shares of XOM stock opened at $78.53 on Thursday. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36. The stock has a market cap of $329.29 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.43. Exxon Mobil had a return on equity of 10.89% and a net margin of 7.18%. The company had revenue of $71.90 billion during the quarter, compared to analysts’ expectations of $78.87 billion. During the same period last year, the business posted $0.88 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 4.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, February 8th. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.
In other Exxon Mobil news, VP Robert N. Schleckser sold 7,855 shares of the stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $78.91, for a total value of $619,838.05. Following the completion of the sale, the vice president now directly owns 207,940 shares in the company, valued at $16,408,545.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP David S. Rosenthal sold 7,562 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total value of $614,336.88. Following the completion of the sale, the vice president now owns 258,250 shares of the company’s stock, valued at $20,980,230. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,587 shares of company stock valued at $4,507,808. 0.08% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on XOM. Royal Bank of Canada reissued a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday. HSBC reissued a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday, November 6th. Zacks Investment Research reissued a “hold” rating on shares of Exxon Mobil in a research report on Saturday, November 17th. BNP Paribas set a $80.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, November 20th. Finally, Argus reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $84.57.
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Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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