Boyd Watterson Asset Management LLC OH trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,275 shares of the oil and gas company’s stock after selling 145 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Exxon Mobil were worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of XOM. Massey Quick Simon & CO. LLC lifted its stake in shares of Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 469 shares during the period. Asset Planning Services Ltd. raised its stake 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 valued at $40,000 after buying an additional 496 shares during the last quarter. INR Advisory Services LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $43,000. Evolution Wealth Advisors LLC purchased a new position in Exxon Mobil during the second quarter valued at $45,000. Finally, Interactive Financial Advisors purchased a new position in Exxon Mobil during the first quarter valued at $65,000. Institutional investors and hedge funds own 54.48% of the company’s stock.
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 completion of the sale, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.XOM opened at $67.49 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a market cap of $285.56 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.99 and a beta of 0.97. The stock’s 50 day moving average price is $73.15 and its 200-day moving average price is $76.66. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating 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 business had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.
The firm also recently disclosed 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 is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.16%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
XOM has been the subject of several recent analyst reports. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. UBS Group decreased their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday. Goldman Sachs Group restated a “hold” rating and issued a $80.00 price target on shares of Exxon Mobil in a research note on Monday, April 29th. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Finally, HSBC reaffirmed a “neutral” rating and issued a $86.50 price objective on shares of Exxon Mobil in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $81.83.
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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