Exxon Mobil Corporation $XOM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,243,159 shares of the oil and gas company’s stock after selling 217,498 shares during the quarter. Commonwealth Equity Services LLC owned about 0.05% of Exxon Mobil worth $252,916,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Eagle Capital Management LLC lifted its position in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the last quarter. Fred Alger Management LLC raised its stake in shares of Exxon Mobil by 6.9% in the 1st quarter. Fred Alger Management LLC now owns 110,634 shares of the oil and gas company’s stock valued at $13,158,000 after acquiring an additional 7,175 shares during the period. Caxton Associates LLP purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $305,000. MBB Public Markets I LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $328,000. Finally, HFM Investment Advisors LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth approximately $488,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 3.3%

NYSE:XOM opened at $121.20 on Wednesday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $125.93. The firm has a market cap of $511.12 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 7.72 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $117.64 and a 200 day moving average price of $113.69.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.4%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research note on Monday, December 8th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $129.81.

Get Our Latest Research Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Featured Stories

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

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