SevenBridge Financial Group LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,706 shares of the oil and gas company’s stock after buying an additional 510 shares during the period. SevenBridge Financial Group LLC’s holdings in Exxon Mobil were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC increased its position in Exxon Mobil by 625.3% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 469 shares during the last quarter. Evolution Wealth Advisors LLC bought a new stake in Exxon Mobil in the second quarter worth $45,000. INR Advisory Services LLC bought a new stake in Exxon Mobil in the fourth quarter worth $43,000. Interactive Financial Advisors bought a new stake in Exxon Mobil in the first quarter worth $65,000. Finally, Pecaut & CO. bought a new stake in Exxon Mobil in the first quarter worth $301,000. Hedge funds and other institutional investors own 54.52% of the company’s stock.
A number of research firms have weighed in on XOM. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research report on Friday. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a research report on Monday, July 22nd. HSBC reiterated a “neutral” rating and set a $86.50 price objective on shares of Exxon Mobil in a research report on Thursday, May 23rd. Morgan Stanley cut their price objective on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Finally, Tudor Pickering began coverage on shares of Exxon Mobil in a research report on Monday, April 8th. They set a “hold” rating and a $82.49 price objective on the stock. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $83.29.
In other news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by insiders.
Shares of XOM traded down $0.95 during trading hours on Monday, reaching $70.80. 180,801 shares of the company traded hands, compared to its average volume of 8,843,826. The stock has a market capitalization of $303.58 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $75.84.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 3.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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