Exxon Mobil Co. (NYSE:XOM) Shares Sold by Loeb Partners Corp

Loeb Partners Corp reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,478 shares of the oil and gas company’s stock after selling 7,305 shares during the quarter. Exxon Mobil makes up approximately 1.6% of Loeb Partners Corp’s investment portfolio, making the stock its 17th largest position. Loeb Partners Corp’s holdings in Exxon Mobil were worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. C WorldWide Group Holding A S bought a new stake in shares of Exxon Mobil in the third quarter valued at about $363,290,000. Morgan Stanley raised its holdings in Exxon Mobil by 19.6% in the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock worth $1,872,372,000 after purchasing an additional 3,614,568 shares in the last quarter. Vanguard Group Inc raised its holdings in Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after purchasing an additional 3,269,684 shares in the last quarter. Vanguard Group Inc. raised its holdings in Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after purchasing an additional 3,269,684 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in Exxon Mobil by 8,766.5% in the third quarter. Rehmann Capital Advisory Group now owns 3,264,121 shares of the oil and gas company’s stock worth $3,009,820,000 after purchasing an additional 3,227,307 shares in the last quarter. 54.55% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil stock traded up $0.81 during mid-day trading on Friday, hitting $76.63. The company had a trading volume of 14,781,200 shares, compared to its average volume of 11,895,352. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The firm’s fifty day moving average is $74.88. The stock has a market cap of $322.07 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The company had revenue of $63.63 billion during the quarter, compared to analysts’ expectations of $67.35 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 3.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.54%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, May 10th. Exxon Mobil’s dividend payout ratio is presently 70.59%.

Several equities analysts have recently issued reports on the stock. Tudor Pickering assumed coverage on shares of Exxon Mobil in a report on Monday, April 8th. They set a “hold” rating and a $82.49 price objective on the stock. Royal Bank of Canada restated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Thursday, April 25th. Berenberg Bank restated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a report on Thursday, April 11th. Wells Fargo & Co upped their price objective on shares of Exxon Mobil from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, April 3rd. Finally, Morgan Stanley began coverage on Exxon Mobil in a research report on Monday, April 1st. They issued an “equal weight” rating and a $84.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $84.76.

In other news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the transaction, the vice president now directly owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.05% of the company’s stock.

About Exxon Mobil

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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