Exchange Capital Management Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 6.6% during the second quarter, Holdings Channel reports. The fund owned 45,941 shares of the oil and gas company’s stock after purchasing an additional 2,863 shares during the quarter. Exchange Capital Management Inc.’s holdings in Exxon Mobil were worth $3,801,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. HC Financial Advisors Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $1,137,000. Walter & Keenan Financial Consulting Co. MI ADV raised its position in Exxon Mobil by 2.6% in the first quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 120,558 shares of the oil and gas company’s stock valued at $8,995,000 after purchasing an additional 3,000 shares during the period. DDD Partners LLC raised its position in Exxon Mobil by 2.3% in the first quarter. DDD Partners LLC now owns 63,276 shares of the oil and gas company’s stock valued at $4,721,000 after purchasing an additional 1,401 shares during the period. Flossbach Von Storch AG raised its position in Exxon Mobil by 17.0% in the first quarter. Flossbach Von Storch AG now owns 192,040 shares of the oil and gas company’s stock valued at $14,328,000 after purchasing an additional 27,900 shares during the period. Finally, Miles Capital Inc. raised its position in Exxon Mobil by 27.9% in the first quarter. Miles Capital Inc. now owns 18,792 shares of the oil and gas company’s stock valued at $1,402,000 after purchasing an additional 4,095 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.
In other news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.
XOM has been the topic of several research reports. Societe Generale reissued a “buy” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research report on Wednesday, July 11th. Royal Bank of Canada set a $105.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, July 23rd. HSBC reissued a “buy” rating and issued a $93.50 price objective on shares of Exxon Mobil in a research report on Monday, July 16th. Morningstar set a $90.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Monday, October 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $86.74.
Shares of NYSE XOM opened at $81.95 on Monday. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30. The stock has a market cap of $347.26 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.33 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 4.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s payout ratio is 91.36%.
Exxon Mobil 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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