Clear Harbor Asset Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 2.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 45,351 shares of the oil and gas company’s stock after selling 1,069 shares during the period. Clear Harbor Asset Management LLC’s holdings in Exxon Mobil were worth $3,475,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of XOM. Massey Quick Simon & CO. LLC raised its stake in shares of 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 acquiring an additional 469 shares during the last quarter. Asset Planning Services Ltd. raised its position in Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC bought a new stake in Exxon Mobil during the fourth quarter worth $43,000. Evolution Wealth Advisors LLC bought a new position in shares of Exxon Mobil in the second quarter valued at about $45,000. Finally, Interactive Financial Advisors bought a new position in shares of Exxon Mobil in the first quarter valued at about $65,000. 54.48% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil stock traded down $0.03 during midday trading on Thursday, reaching $69.69. The stock had a trading volume of 260,286 shares, compared to its average volume of 12,464,065. The firm’s 50-day moving average price is $73.45 and its 200 day moving average price is $76.73. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The firm has a market capitalization of $293.85 billion, a PE ratio of 14.14, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 3.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.99%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.
Several equities analysts recently commented on the stock. HSBC restated a “neutral” rating and issued a $86.50 price target on shares of Exxon Mobil in a research note on Thursday, May 23rd. Berenberg Bank reiterated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday, August 7th. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Finally, Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average target price of $82.35.
In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is owned by corporate insiders.
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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