Rhumbline Advisers raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,709,789 shares of the oil and gas company’s stock after purchasing an additional 73,527 shares during the period. Exxon Mobil accounts for about 1.4% of Rhumbline Advisers’ investment portfolio, making the stock its 5th largest position. Rhumbline Advisers owned approximately 0.18% of Exxon Mobil worth $632,049,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of XOM. Strategy Asset Managers LLC grew its holdings in shares of Exxon Mobil by 2.1% during the 3rd quarter. Strategy Asset Managers LLC now owns 35,833 shares of the oil and gas company’s stock worth $2,938,000 after purchasing an additional 749 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Exxon Mobil by 16.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,122,829 shares of the oil and gas company’s stock valued at $174,030,000 after buying an additional 293,747 shares in the last quarter. Court Place Advisors LLC boosted its stake in Exxon Mobil by 1.1% in the 3rd quarter. Court Place Advisors LLC now owns 61,385 shares of the oil and gas company’s stock valued at $5,032,000 after buying an additional 646 shares in the last quarter. Toronto Dominion Bank boosted its stake in Exxon Mobil by 5.5% in the 3rd quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock valued at $148,994,000 after buying an additional 95,071 shares in the last quarter. Finally, QCI Asset Management Inc. NY boosted its stake in Exxon Mobil by 1.7% in the 3rd quarter. QCI Asset Management Inc. NY now owns 228,478 shares of the oil and gas company’s stock valued at $18,731,000 after buying an additional 3,739 shares in the last quarter. 51.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Co. (XOM) traded down $0.46 during mid-day trading on Thursday, hitting $76.00. The company’s stock had a trading volume of 7,103,849 shares, compared to its average volume of 15,010,883. The firm has a market cap of $321,810.00, a P/E ratio of 16.40, a PEG ratio of 1.03 and a beta of 0.82. Exxon Mobil Co. has a 52-week low of $73.90 and a 52-week high of $89.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.
XOM has been the subject of several research analyst reports. Vetr upgraded Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price objective for the company in a research report on Friday, November 17th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Goldman Sachs Group restated a “neutral” rating and set a $96.00 target price on shares of Exxon Mobil in a research report on Thursday, February 1st. Wells Fargo & Co set a $88.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Seven 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.02.
In other news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock valued at $4,273,910 over the last quarter. 0.08% of the stock is owned by corporate insiders.
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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.
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