Cordasco Financial Network boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 49.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,729 shares of the oil and gas company’s stock after purchasing an additional 1,239 shares during the period. Cordasco Financial Network’s holdings in Exxon Mobil were worth $309,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Grassi Investment Management grew its holdings in Exxon Mobil by 0.6% during the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after purchasing an additional 600 shares in the last quarter. X Square Capital LLC grew its holdings in Exxon Mobil by 16.8% during the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 653 shares in the last quarter. We Are One Seven LLC grew its holdings in Exxon Mobil by 3.8% during the 1st quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock valued at $1,372,000 after purchasing an additional 671 shares in the last quarter. Lakeview Capital Partners LLC grew its holdings in Exxon Mobil by 3.5% during the 1st quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock valued at $1,499,000 after purchasing an additional 677 shares in the last quarter. Finally, Shelton Capital Management grew its holdings in Exxon Mobil by 0.3% during the 4th quarter. Shelton Capital Management now owns 217,936 shares of the oil and gas company’s stock valued at $18,228,000 after purchasing an additional 685 shares in the last quarter. 52.60% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. HSBC reaffirmed a “buy” rating and set a $93.50 price target on shares of Exxon Mobil in a report on Monday, July 16th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, August 6th. Macquarie reaffirmed a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a report on Thursday, August 30th. Credit Suisse Group set a $80.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, September 6th. Finally, Jefferies Financial Group set a $87.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $87.66.
Shares of XOM stock opened at $83.41 on Tuesday. The firm has a market cap of $352.26 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.39 and a beta of 0.86. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. Exxon Mobil’s revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. equities analysts forecast that Exxon Mobil Co. will post 4.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.93%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s dividend payout ratio is currently 91.36%.
Exxon Mobil Company Profile
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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