West Coast Financial LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

West Coast Financial LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 37.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,185 shares of the oil and gas company’s stock after buying an additional 18,133 shares during the period. Exxon Mobil makes up approximately 1.5% of West Coast Financial LLC’s investment portfolio, making the stock its 24th biggest position. West Coast Financial LLC’s holdings in Exxon Mobil were worth $5,508,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after buying an additional 2,058,060 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Exxon Mobil by 2.7% during the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after buying an additional 604,537 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Exxon Mobil by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after buying an additional 1,406,529 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Exxon Mobil by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock worth $1,490,398,000 after purchasing an additional 353,561 shares during the last quarter. Institutional investors and hedge funds own 51.28% of the company’s stock.

Several brokerages recently weighed in on XOM. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 price objective on the stock in a research note on Monday, February 5th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $96.00 price target on shares of Exxon Mobil in a research report on Thursday, February 1st. Piper Jaffray Companies reissued a “hold” rating and set a $83.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Barclays cut shares of Exxon Mobil from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $91.00 to $84.00 in a research report on Tuesday, February 6th. Finally, Jefferies Group restated a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and an average price target of $87.42.

In other news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the transaction, the vice president now owns 229,774 shares in the company, valued at $19,073,539.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the transaction, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 in the last ninety days. Insiders own 0.08% of the company’s stock.

Exxon Mobil Co. (XOM) opened at $75.78 on Friday. Exxon Mobil Co. has a 52-week low of $73.90 and a 52-week high of $89.30. The stock has a market cap of $321,090.00, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The company had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. equities research analysts expect that Exxon Mobil Co. will post 4.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.

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Exxon Mobil Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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