Exxon Mobil Corporation (XOM) Stake Boosted by Natixis Asset Management

Natixis Asset Management raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 31.8% during the third quarter, Holdings Channel reports. The institutional investor owned 17,907 shares of the company’s stock after buying an additional 4,321 shares during the period. Natixis Asset Management’s holdings in Exxon Mobil Corporation were worth $1,563,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of XOM. Rockland Trust Co. increased its stake in Exxon Mobil Corporation by 5.4% in the third quarter. Rockland Trust Co. now owns 127,632 shares of the company’s stock worth $11,140,000 after buying an additional 6,494 shares during the period. Northpointe Capital LLC increased its stake in Exxon Mobil Corporation by 4.5% in the third quarter. Northpointe Capital LLC now owns 131,432 shares of the company’s stock worth $11,471,000 after buying an additional 5,689 shares during the period. BB&T Corp increased its stake in Exxon Mobil Corporation by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock worth $89,332,000 after buying an additional 148,235 shares during the period. Kessler Investment Group LLC increased its stake in Exxon Mobil Corporation by 7.8% in the third quarter. Kessler Investment Group LLC now owns 33,551 shares of the company’s stock worth $2,928,000 after buying an additional 2,428 shares during the period. Finally, Concannon Wealth Management LLC increased its stake in Exxon Mobil Corporation by 0.5% in the second quarter. Concannon Wealth Management LLC now owns 5,399 shares of the company’s stock worth $506,000 after buying an additional 27 shares during the period. 51.14% of the stock is owned by institutional investors and hedge funds.

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

Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.83% during midday trading on Friday, reaching $82.52. The company’s stock had a trading volume of 8,739,814 shares. The firm has a market capitalization of $342.29 billion, a price-to-earnings ratio of 43.89 and a beta of 0.91. The firm’s 50 day moving average is $86.18 and its 200 day moving average is $86.84. Exxon Mobil Corporation has a 52 week low of $79.67 and a 52 week high of $95.55.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.29. The company had revenue of $61.02 billion for the quarter, compared to analysts’ expectations of $62.28 billion. Exxon Mobil Corporation had a return on equity of 5.56% and a net margin of 3.47%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Equities analysts forecast that Exxon Mobil Corporation will post $4.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Thursday, February 9th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, February 7th. Exxon Mobil Corporation’s payout ratio is 159.58%.

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A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Exxon Mobil Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company downgraded Exxon Mobil Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 11th. They noted that the move was a valuation call. Macquarie reissued an “underperform” rating and issued a $75.00 price target on shares of Exxon Mobil Corporation in a report on Saturday, December 17th. RBC Capital Markets set a $98.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Thursday, October 13th. Finally, CLSA reissued an “outperform” rating on shares of Exxon Mobil Corporation in a report on Wednesday, February 1st. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $88.48.

In other news, insider James M. Spellings, Jr. sold 15,678 shares of Exxon Mobil Corporation stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $87.69, for a total value of $1,374,803.82. Following the completion of the sale, the insider now owns 200,500 shares of the company’s stock, valued at $17,581,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sara N. Ortwein sold 5,000 shares of Exxon Mobil Corporation stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $90.88, for a total value of $454,400.00. The disclosure for this sale can be found here. Insiders have sold 63,054 shares of company stock valued at $5,544,316 in the last three months. 0.14% of the stock is currently owned by company insiders.

Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

5 Day Chart for NYSE:XOM

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM).

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