Summit Financial Wealth Advisors LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 51.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,611 shares of the oil and gas company’s stock after selling 11,044 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Exxon Mobil were worth $857,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Horan Securities Inc. increased its position in shares of Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares during the last quarter. Watermark Asset Management Inc. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $136,000. Acrospire Investment Management LLC increased its position in shares of Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares during the last quarter. Finally, Asset Management Advisors LLC increased its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 7 shares during the last quarter. Institutional investors own 51.18% of the company’s stock.
In related news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,513 shares of company stock valued at $3,465,657. 0.08% of the stock is owned by company insiders.
A number of brokerages have commented on XOM. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price objective on the stock in a research report on Thursday. UBS set a $83.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, December 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. BNP Paribas set a $75.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, November 15th. Finally, Goldman Sachs Group set a $86.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $86.14.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up $0.11 during trading hours on Friday, reaching $82.66. 11,988,473 shares of the company were exchanged, compared to its average volume of 9,561,263. The firm has a market cap of $349,773.13, a PE ratio of 23.19, a P/E/G ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.
Exxon Mobil (NYSE:XOM) last issued 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 $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the prior year, the business earned $0.63 EPS. analysts anticipate that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s dividend payout ratio is currently 100.33%.
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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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