Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lifted by Bristlecone Advisors LLC - Mayfield Recorder

Bristlecone Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,917 shares of the oil and gas company’s stock after purchasing an additional 4,219 shares during the period. Bristlecone Advisors LLC’s holdings in Exxon Mobil were worth $3,365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC grew its stake in Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 469 shares during the period. Asset Planning Services Ltd. boosted its stake in Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares during the last quarter. INR Advisory Services LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $43,000. Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth $45,000. Finally, Interactive Financial Advisors acquired a new stake in Exxon Mobil during the 1st quarter worth $65,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

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In related news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on XOM shares. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Goldman Sachs Group restated a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a report on Monday, April 29th. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a report on Monday, July 22nd. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.59.

Exxon Mobil stock opened at $68.30 on Friday. The business has a 50 day simple moving average of $74.19 and a 200-day simple moving average of $76.91. The stock has a market capitalization of $284.54 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. 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, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 3.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.10%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

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 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.

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https://mayfieldrecorder.com/2019/08/18/exxon-mobil-co-nysexom-shares-acquired-by-bristlecone-advisors-llc.html

2019-08-18 12:17:07Z
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