Hall Laurie J Trustee decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,869 shares of the oil and gas company’s stock after selling 2,283 shares during the period. Exxon Mobil accounts for 3.2% of Hall Laurie J Trustee’s portfolio, making the stock its 8th largest position. Hall Laurie J Trustee’s holdings in Exxon Mobil were worth $5,075,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $114,000. Horan Securities Inc. lifted its holdings 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 worth $122,000 after purchasing an additional 260 shares during the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $136,000. Acrospire Investment Management LLC lifted its holdings 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 worth $140,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in 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 acquiring an additional 50 shares during the period. 51.18% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on XOM. Vetr cut Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research report on Friday, October 6th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Societe Generale set a $95.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co restated a “neutral” rating and issued a $80.00 target price (down from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Finally, Independent Research set a $84.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, August 21st. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $86.32.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up $0.13 during mid-day trading on Friday, hitting $83.03. The stock had a trading volume of 26,582,047 shares, compared to its average volume of 9,904,506. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $91.67. The firm has a market cap of $351,256.09, a PE ratio of 23.29, a PEG ratio of 1.74 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
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 (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the firm earned $0.63 EPS. sell-side analysts predict that Exxon Mobil Corporation will post 3.65 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, 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 this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,013 shares of company stock worth $6,080,952. 0.08% of the stock is owned by insiders.
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About Exxon Mobil
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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