Kornitzer Capital Management Inc. KS lessened its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 697,708 shares of the oil and gas company’s stock after selling 4,570 shares during the quarter. Exxon Mobil accounts for about 1.3% of Kornitzer Capital Management Inc. KS’s portfolio, making the stock its 6th largest holding. Kornitzer Capital Management Inc. KS’s holdings in Exxon Mobil were worth $60,917,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CTC Capital Management LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at about $1,807,000. WMG Financial Advisors LLC raised its stake in shares of Exxon Mobil by 0.9% during the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after buying an additional 108 shares during the period. Polaris Wealth Advisory Group LLC lifted its position in shares of Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after buying an additional 200,102 shares in the last quarter. Brown Advisory Inc. grew its stake in Exxon Mobil by 1.4% in the 2nd quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock valued at $134,296,000 after acquiring an additional 24,869 shares during the period. Finally, Relyea Zuckerberg Hanson LLC increased its holdings in Exxon Mobil by 8.5% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,244 shares of the oil and gas company’s stock worth $620,000 after acquiring an additional 566 shares in the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the sale, the vice president now directly owns 34,272 shares of the company’s stock, valued at $3,598,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Exxon Mobil Stock Up 0.9 %
XOM stock opened at $113.81 on Wednesday. Exxon Mobil Co. has a one year low of $71.39 and a one year high of $126.54. The firm has a market cap of $468.70 billion, a PE ratio of 9.29, a PEG ratio of 0.48 and a beta of 1.11. The firm’s 50 day moving average price is $109.54 and its 200-day moving average price is $101.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The company had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The company’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 13.92 EPS for the current year.
Exxon Mobil Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a $0.91 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is presently 29.71%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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