Manning & Napier Group LLC Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM) - Slater Sentinel

Exxon Mobil logo Manning & Napier Group LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 24.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 56,613 shares of the oil and gas company’s stock after selling 18,400 shares during the period. Manning & Napier Group LLC’s holdings in Exxon Mobil were worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of XOM. Canandaigua National Bank & Trust Co. lifted its position in shares of Exxon Mobil by 1.3% during the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock worth $20,116,000 after acquiring an additional 3,357 shares in the last quarter. Krueger & Catalano Capital Partners LLC lifted its position in shares of Exxon Mobil by 61.2% during the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock worth $913,000 after acquiring an additional 4,525 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Exxon Mobil by 0.8% during the second quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock worth $13,548,000 after acquiring an additional 1,440 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of Exxon Mobil by 13.9% during the second quarter. Eqis Capital Management Inc. now owns 14,405 shares of the oil and gas company’s stock worth $1,104,000 after acquiring an additional 1,761 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of Exxon Mobil by 2.0% during the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock worth $19,158,000 after acquiring an additional 4,922 shares in the last quarter. Institutional investors and hedge funds own 54.52% of the company’s stock.

XOM has been the topic of several recent research reports. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley dropped their target price on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and dropped their target price for the stock from $72.00 to $70.00 in a research report on Tuesday. Finally, Goldman Sachs Group restated a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.59.

Shares of XOM stock opened at $70.84 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The stock has a market capitalization of $300.24 billion, a P/E ratio of 14.37, a PEG ratio of 2.02 and a beta of 0.97. The stock has a fifty day simple moving average of $75.27.

Exxon Mobil (NYSE:XOM) last issued 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 Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.17% and a net margin of 6.30%. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 3.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 4.91%. Exxon Mobil’s dividend payout ratio is presently 70.59%.

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 value of $661,999.80. Following the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the transaction, the vice president now directly owns 219,423 shares in the company, valued at approximately $16,750,751.82. The disclosure for this sale can be found here. 0.05% of the stock is owned by corporate insiders.

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.