Tower Bridge Advisors lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 266,990 shares of the oil and gas company’s stock after selling 15,532 shares during the period. Exxon Mobil Corporation comprises 2.5% of Tower Bridge Advisors’ holdings, making the stock its 4th biggest position. Tower Bridge Advisors’ holdings in Exxon Mobil Corporation were worth $21,554,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in XOM. Horan Securities Inc. purchased a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $102,000. Riggs Asset Managment Co. Inc. lifted its position in shares of Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 292 shares during the period. Watermark Asset Management Inc. purchased a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 220 shares during the period. Finally, Diversified Portfolios Inc. purchased a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $224,000. 50.74% of the stock is owned by hedge funds and other institutional investors.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Thursday. Jefferies Group LLC set a $84.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Thursday, October 19th. Morgan Stanley reissued an “underperform” rating on shares of Exxon Mobil Corporation in a research report on Thursday, October 19th. BMO Capital Markets set a $80.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, Barclays PLC reissued an “overweight” rating and set a $94.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Friday, October 13th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.63.
Exxon Mobil Corporation (NYSE XOM) opened at 83.71 on Friday. The firm’s 50-day moving average is $81.34 and its 200 day moving average is $80.79. The stock has a market capitalization of $354.69 billion, a P/E ratio of 30.18 and a beta of 0.82. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. During the same quarter in the previous year, the firm posted $0.63 EPS. Equities analysts expect that Exxon Mobil Corporation will post $3.50 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.68%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation 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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