Rikoon Group LLC Sells 2,074 Shares of Exxon Mobil Co. (NYSE:XOM)

Share on StockTwits

Rikoon Group LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 54,848 shares of the oil and gas company’s stock after selling 2,074 shares during the period. Exxon Mobil makes up approximately 1.4% of Rikoon Group LLC’s holdings, making the stock its 17th biggest position. Rikoon Group LLC’s holdings in Exxon Mobil were worth $3,873,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lavaca Capital LLC increased its holdings in Exxon Mobil by 0.9% in the 3rd quarter. Lavaca Capital LLC now owns 34,952 shares of the oil and gas company’s stock worth $2,468,000 after acquiring an additional 300 shares in the last quarter. Lakeview Capital Partners LLC boosted its position in shares of Exxon Mobil by 52.4% during the 3rd quarter. Lakeview Capital Partners LLC now owns 29,979 shares of the oil and gas company’s stock valued at $2,117,000 after acquiring an additional 10,305 shares during the last quarter. Karp Capital Management Corp boosted its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. Karp Capital Management Corp now owns 23,242 shares of the oil and gas company’s stock valued at $1,641,000 after acquiring an additional 705 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Exxon Mobil by 6.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 98,816 shares of the oil and gas company’s stock valued at $6,977,000 after acquiring an additional 5,700 shares during the last quarter. Finally, Bourgeon Capital Management LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $69,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

XOM stock traded down $1.37 during midday trading on Friday, reaching $70.77. The company’s stock had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a fifty day simple moving average of $69.60 and a two-hundred day simple moving average of $72.99. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $83.49. The firm has a market capitalization of $309.25 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The business had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The business’s revenue was down 15.1% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a yield of 4.92%. Exxon Mobil’s payout ratio is 70.59%.

A number of research analysts have recently commented on the company. BMO Capital Markets assumed coverage on Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price for the company. Jefferies Financial Group reiterated a “neutral” rating and set a $76.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and lowered their target price for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Berenberg Bank reiterated a “neutral” rating and set a $63.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. Finally, Independent Research set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $78.91.

Exxon Mobil Company 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 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.

Recommended Story: What is the definition of market timing?

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)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.