Ashfield Capital Partners LLC Cuts Position in Exxon Mobil Co. (XOM)

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Ashfield Capital Partners LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 75,322 shares of the oil and gas company’s stock after selling 2,298 shares during the quarter. Ashfield Capital Partners LLC’s holdings in Exxon Mobil were worth $6,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Kwmg LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth approximately $102,000. WESPAC Advisors SoCal LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth approximately $110,000. Mainstay Capital Management LLC ADV grew its position in shares of Exxon Mobil by 112.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock worth $156,000 after buying an additional 1,000 shares in the last quarter. Camarda Financial Advisors LLC grew its position in shares of Exxon Mobil by 175.2% during the third quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock worth $156,000 after buying an additional 1,167 shares in the last quarter. Finally, Smart Portfolios LLC grew its position in shares of Exxon Mobil by 97.8% during the second quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock worth $167,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 53.72% of the company’s stock.

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

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.43. The firm had revenue of $71.90 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 3.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders 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 yield of 4.30%. The ex-dividend date is Friday, February 8th. Exxon Mobil’s dividend payout ratio is presently 66.53%.

XOM has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Thursday, October 25th. HSBC reissued a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday, November 6th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Royal Bank of Canada set a $95.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Friday, February 1st. Finally, Argus reissued a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $83.85.

In other Exxon Mobil news, VP Robert N. Schleckser sold 7,855 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $78.91, for a total value of $619,838.05. Following the sale, the vice president now directly owns 207,940 shares in the company, valued at $16,408,545.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David S. Rosenthal sold 7,562 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total value of $614,336.88. Following the completion of the sale, the vice president now owns 258,250 shares in the company, valued at $20,980,230. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,587 shares of company stock valued at $4,507,808. 0.08% of the stock is currently owned by corporate insiders.

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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 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.

Read More: Return on Equity (ROE)

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 Co. (NYSE:XOM).

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

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