Industry News

Exxon Mobil Co. (NYSE:XOM) Position Decreased by Endurance Wealth Management Inc.

By August 16, 2019 No Comments

Endurance Wealth Management Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,640 shares of the oil and gas company’s stock after selling 1,333 shares during the period. Exxon Mobil makes up 1.2% of Endurance Wealth Management Inc.’s portfolio, making the stock its 25th biggest holding. Endurance Wealth Management Inc.’s holdings in Exxon Mobil were worth $7,329,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XOM. FMR LLC boosted its position in shares of Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after purchasing an additional 3,038,704 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of Exxon Mobil by 7,471.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after purchasing an additional 1,748,402 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of Exxon Mobil by 224.9% during the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after purchasing an additional 809,199 shares in the last quarter. Inlet Private Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $48,697,000. Finally, Royal London Asset Management Ltd. boosted its position in shares of Exxon Mobil by 31.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock valued at $165,903,000 after purchasing an additional 587,387 shares in the last quarter. Institutional investors own 54.49% of the company’s stock.

Shares of XOM opened at $67.25 on Friday. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36. The company has a 50-day moving average of $74.35 and a two-hundred day moving average of $76.95. The stock has a market cap of $294.53 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.02 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 (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same period last year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 3.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.

Several equities analysts have recently weighed in on the stock. Bank of America restated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Monday, August 5th. JPMorgan Chase & Co. set a $83.00 price objective on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Goldman Sachs Group restated a “hold” rating and set a $80.00 price objective on shares of Exxon Mobil in a research report on Monday, April 29th. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Finally, HSBC reiterated a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a report on Thursday, May 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $82.59.

In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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