Brave Asset Management Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,680 shares of the oil and gas company’s stock after selling 1,287 shares during the period. Exxon Mobil accounts for about 1.2% of Brave Asset Management Inc.’s holdings, making the stock its 24th largest holding. Brave Asset Management Inc.’s holdings in Exxon Mobil were worth $2,121,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Greenline Partners LLC grew its stake in shares of Exxon Mobil by 4.2% in the 2nd quarter. Greenline Partners LLC now owns 116,927 shares of the oil and gas company’s stock worth $8,960,000 after buying an additional 4,722 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Exxon Mobil by 0.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 234,867 shares of the oil and gas company’s stock worth $17,998,000 after buying an additional 1,880 shares during the last quarter. Condor Capital Management grew its stake in shares of Exxon Mobil by 1.3% in the 2nd quarter. Condor Capital Management now owns 37,349 shares of the oil and gas company’s stock worth $2,862,000 after buying an additional 476 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 25.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 23,298 shares of the oil and gas company’s stock worth $1,688,000 after buying an additional 4,753 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors grew its stake in shares of Exxon Mobil by 7.5% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 6,062 shares of the oil and gas company’s stock worth $464,000 after buying an additional 422 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.
In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by corporate insiders.
Several research firms recently issued reports on XOM. Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research report on Wednesday, August 7th. Goldman Sachs Group reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a research report on Monday, April 29th. HSBC reaffirmed a “neutral” rating and issued a $86.50 price objective on shares of Exxon Mobil in a research report on Thursday, May 23rd. BMO Capital Markets began coverage on Exxon Mobil in a research report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective on the stock. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $81.83.
NYSE XOM opened at $67.49 on Friday. The business’s fifty day moving average price is $73.15 and its 200-day moving average price is $76.66. The stock has a market capitalization of $294.99 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 3.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.16%. Exxon Mobil’s payout ratio is 70.59%.
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 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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