Exxon Mobil Co. (NYSE:XOM) Stake Lessened by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 978,909 shares of the oil and gas company’s stock after selling 91,462 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Exxon Mobil were worth $83,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Peachtree Investment Advisors Inc. grew its position in Exxon Mobil by 7.1% during the 3rd quarter. Peachtree Investment Advisors Inc. now owns 9,401 shares of the oil and gas company’s stock valued at $799,000 after purchasing an additional 625 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its position in Exxon Mobil by 1.3% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 47,669 shares of the oil and gas company’s stock valued at $4,053,000 after purchasing an additional 630 shares during the last quarter. Weatherstone Capital Management grew its position in Exxon Mobil by 9.9% during the 3rd quarter. Weatherstone Capital Management now owns 7,112 shares of the oil and gas company’s stock valued at $605,000 after purchasing an additional 643 shares during the last quarter. Dividend Assets Capital LLC grew its position in Exxon Mobil by 1.8% during the 2nd quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock valued at $2,957,000 after purchasing an additional 645 shares during the last quarter. Finally, Breiter Capital Management Inc. grew its position in Exxon Mobil by 7.3% during the 3rd quarter. Breiter Capital Management Inc. now owns 9,547 shares of the oil and gas company’s stock valued at $812,000 after purchasing an additional 649 shares during the last quarter. Institutional investors and hedge funds own 53.72% of the company’s stock.

In other Exxon Mobil news, VP Neil A. Hansen sold 2,798 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $76.81, for a total transaction of $214,914.38. Following the sale, the vice president now owns 32,800 shares in the company, valued at approximately $2,519,368. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert N. Schleckser sold 7,855 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $78.91, for a total transaction of $619,838.05. Following the sale, the vice president now owns 207,940 shares in the company, valued at approximately $16,408,545.40. The disclosure for this sale can be found here. In the last three months, insiders sold 58,587 shares of company stock worth $4,507,808. 0.08% of the stock is currently owned by insiders.

Several brokerages recently commented on XOM. Macquarie reissued a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a research report on Friday, October 19th. Jefferies Financial Group set a $87.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, October 19th. Credit Suisse Group set a $80.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, October 19th. Berenberg Bank reaffirmed a “neutral” rating and set a $85.00 price target on shares of Exxon Mobil in a report on Monday, November 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a price target on shares of Exxon Mobil in a report on Monday, November 5th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and an average price target of $83.85.

XOM opened at $76.25 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $313.49 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.43. The company had revenue of $71.90 billion for the quarter, compared to the consensus estimate of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 3.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Monday, February 11th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, February 8th. Exxon Mobil’s payout ratio is 66.53%.

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Exxon Mobil 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; produces transportation fuels, such as marine gasoil and diesel; 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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