Exxon Mobil Co. (XOM) Holdings Cut by Leisure Capital Management

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Leisure Capital Management lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 27.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,256 shares of the oil and gas company’s stock after selling 7,646 shares during the quarter. Exxon Mobil accounts for 1.4% of Leisure Capital Management’s investment portfolio, making the stock its 14th largest position. Leisure Capital Management’s holdings in Exxon Mobil were worth $1,676,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Grassi Investment Management boosted its stake in Exxon Mobil by 0.6% in the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock worth $7,744,000 after purchasing an additional 600 shares during the period. Outfitter Advisors LTD. boosted its stake in Exxon Mobil by 1.4% in the 2nd quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock worth $3,939,000 after purchasing an additional 650 shares during the period. X Square Capital LLC boosted its stake in Exxon Mobil by 16.8% in the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after purchasing an additional 653 shares during the period. Cue Financial Group Inc. boosted its stake in Exxon Mobil by 4.8% in the 2nd quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock worth $1,180,000 after purchasing an additional 657 shares during the period. Finally, We Are One Seven LLC boosted its stake in Exxon Mobil by 3.8% in the 1st quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock worth $1,372,000 after purchasing an additional 671 shares during the period. Hedge funds and other institutional investors own 52.43% of the company’s stock.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Several brokerages have commented on XOM. HSBC restated a “buy” rating and issued a $95.00 target price on shares of Exxon Mobil in a research note on Tuesday. Goldman Sachs Group restated a “neutral” rating and issued a $84.00 target price on shares of Exxon Mobil in a research note on Monday, November 5th. Berenberg Bank restated a “neutral” rating and issued a $85.00 target price on shares of Exxon Mobil in a research note on Monday, November 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a target price on shares of Exxon Mobil in a research note on Monday, November 5th. Finally, Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Thursday, October 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.27.

NYSE:XOM opened at $80.87 on Friday. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The stock has a market capitalization of $347.43 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The firm had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter last year, the firm posted $0.93 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 4.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.06%. Exxon Mobil’s payout ratio is currently 91.36%.

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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; and transports and sells crude oil, natural gas, and petroleum products.

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

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