Freestone Capital Holdings LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,525 shares of the oil and gas company’s stock after buying an additional 680 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Exxon Mobil were worth $769,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. CNA Financial Corp raised its holdings in Exxon Mobil by 23.1% in the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after purchasing an additional 3,725 shares during the period. Two Sigma Securities LLC acquired a new position in Exxon Mobil in the 1st quarter worth about $754,000. Doyle Wealth Management raised its holdings in Exxon Mobil by 2.7% in the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock worth $20,935,000 after purchasing an additional 6,921 shares during the period. Shell Asset Management Co. raised its holdings in Exxon Mobil by 1.6% in the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock worth $65,262,000 after purchasing an additional 12,362 shares during the period. Finally, Holderness Investments Co. raised its holdings in Exxon Mobil by 48.1% in the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock worth $3,962,000 after purchasing an additional 15,687 shares during the period. 51.18% of the stock is owned by institutional investors and hedge funds.
In other news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares in the company, valued at $18,341,400. The disclosure for this sale can be found here. Insiders sold 42,513 shares of company stock valued at $3,465,657 over the last quarter. 0.08% of the stock is currently owned by company insiders.
Exxon Mobil Corporation (NYSE XOM) traded up $0.28 during mid-day trading on Thursday, hitting $82.56. The stock had a trading volume of 4,358,146 shares, compared to its average volume of 10,968,063. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $351,213.72, a price-to-earnings ratio of 23.28, a PEG ratio of 1.73 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.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates 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 business earned $0.63 earnings per share. equities research analysts forecast that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.73%. Exxon Mobil’s payout ratio is 100.33%.
A number of equities analysts recently weighed in on XOM shares. Vetr cut Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target for the company. in a report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Barclays reaffirmed an “overweight” rating and issued a $94.00 price target (up previously from $91.00) on shares of Exxon Mobil in a report on Friday, October 13th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Monday, September 25th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and an average price target of $86.14.
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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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