Exxon Mobil Co. (NYSE:XOM) Shares Sold by Eagle Global Advisors LLC



Eagle Global Advisors LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 82,638 shares of the oil and gas company’s stock after selling 860 during the quarter. Eagle Global Advisors LLC’s holdings in Exxon Mobil were worth $6,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Exxon Mobil by 13.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 24,022 shares of the oil and gas company’s stock valued at $1,470,000 after purchasing an additional 2,803 shares during the last quarter. HBW Advisory Services LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $223,000. Stonnington Group LLC grew its holdings in shares of Exxon Mobil by 1,168.3% during the fourth quarter. Stonnington Group LLC now owns 67,956 shares of the oil and gas company’s stock valued at $4,849,000 after purchasing an additional 62,598 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Exxon Mobil by 21.9% during the fourth quarter. IFP Advisors Inc now owns 70,711 shares of the oil and gas company’s stock valued at $4,331,000 after purchasing an additional 12,687 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 2.5% during the fourth quarter. Pure Financial Advisors LLC now owns 7,293 shares of the oil and gas company’s stock valued at $446,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

XOM has been the subject of several recent research reports. Morgan Stanley upped their target price on Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a report on Monday, June 6th. JPMorgan Chase & Co. set a $100.00 price objective on Exxon Mobil in a report on Tuesday, March 29th. MKM Partners increased their objective price on Exxon Mobil from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, March 7th. Cowen increased their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Finally, Barclays increased their objective price on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $90.48.

In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Shares of NYSE:XOM opened at $87.55 on Friday. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The stock has a fifty day moving average of $91.57 and a 200-day moving average of $82.02. The company has a market capitalization of $368.81 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. During the same quarter last year, the company posted $0.65 EPS. Exxon Mobil’s revenue was up 53.0% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 10.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were given a dividend of $0.88 per share. The ex-dividend date was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.02%. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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



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