Sontag Advisory LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Sontag Advisory LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 399.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 81,847 shares of the oil and gas company’s stock after buying an additional 65,453 shares during the quarter. Sontag Advisory LLC’s holdings in Exxon Mobil were worth $3,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Exxon Mobil by 2.1% in the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock worth $7,840,960,000 after acquiring an additional 4,222,270 shares in the last quarter. Capital Research Global Investors raised its position in shares of Exxon Mobil by 7.6% in the 4th quarter. Capital Research Global Investors now owns 66,388,650 shares of the oil and gas company’s stock worth $4,632,600,000 after acquiring an additional 4,674,009 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 61,969,806 shares of the oil and gas company’s stock worth $4,315,899,000 after acquiring an additional 1,790,650 shares in the last quarter. FMR LLC raised its position in shares of Exxon Mobil by 0.3% in the 4th quarter. FMR LLC now owns 57,910,545 shares of the oil and gas company’s stock worth $4,040,997,000 after acquiring an additional 157,322 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth approximately $3,055,993,000. Institutional investors and hedge funds own 52.23% of the company’s stock.

In other Exxon Mobil news, Director William C. Weldon purchased 4,180 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $48.09 per share, with a total value of $201,016.20. Following the completion of the acquisition, the director now directly owns 30,947 shares in the company, valued at $1,488,241.23. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Weldon purchased 4,591 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $43.56 per share, for a total transaction of $199,983.96. Following the completion of the acquisition, the director now owns 30,947 shares of the company’s stock, valued at $1,348,051.32. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 38,771 shares of company stock worth $1,493,300. Insiders own 0.05% of the company’s stock.

NYSE XOM traded up $0.52 on Monday, hitting $45.99. 8,974,651 shares of the company traded hands, compared to its average volume of 22,091,404. The company has a market capitalization of $192.26 billion, a price-to-earnings ratio of 17.03 and a beta of 1.33. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $43.77 and its 200-day moving average price is $55.88. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $77.93.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.49. The company had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. Exxon Mobil’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post -0.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 annualized dividend and a yield of 7.57%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

A number of research analysts recently weighed in on the company. Argus lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Morgan Stanley reduced their target price on Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. Credit Suisse Group lifted their target price on Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 13th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.65.

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 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.

Further Reading: The limitations of an equal weight rating

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

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