Moloney Securities Asset Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,902 shares of the oil and gas company’s stock after acquiring an additional 241 shares during the quarter. Exxon Mobil makes up 1.2% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Moloney Securities Asset Management LLC’s holdings in Exxon Mobil were worth $3,517,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of XOM. Claraphi Advisory Network LLC grew its position in shares of Exxon Mobil by 21.6% in the 2nd quarter. Claraphi Advisory Network LLC now owns 5,664 shares of the oil and gas company’s stock worth $434,000 after buying an additional 1,005 shares during the last quarter. ARP Americas LP bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $1,162,000. Lake Street Financial LLC boosted its position in shares of Exxon Mobil by 13.5% during the second quarter. Lake Street Financial LLC now owns 26,606 shares of the oil and gas company’s stock valued at $2,039,000 after purchasing an additional 3,162 shares in the last quarter. Optimum Investment Advisors boosted its position in shares of Exxon Mobil by 1.6% during the second quarter. Optimum Investment Advisors now owns 17,758 shares of the oil and gas company’s stock valued at $1,361,000 after purchasing an additional 282 shares in the last quarter. Finally, Connecticut Wealth Management LLC boosted its position in shares of Exxon Mobil by 85.3% during the second quarter. Connecticut Wealth Management LLC now owns 20,379 shares of the oil and gas company’s stock valued at $1,562,000 after purchasing an additional 9,379 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.
Shares of XOM stock opened at $68.43 on Friday. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $72.10 and its two-hundred day simple moving average is $76.45. The company has a market cap of $287.08 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97.Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the 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 the consensus estimate of $64.47 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 3.2 EPS for the current year.
The firm 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 $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.09%. Exxon Mobil’s payout ratio is 70.59%.
Several research firms recently weighed in on XOM. Royal Bank of Canada restated a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. BMO Capital Markets initiated coverage on Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price objective for the company. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Finally, Bank of America restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $81.50.
In related 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 value of $661,999.80. Following the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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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