Fernwood Investment Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,415 shares of the oil and gas company’s stock after selling 345 shares during the period. Fernwood Investment Management LLC’s holdings in Exxon Mobil were worth $1,718,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC lifted its holdings 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 acquiring an additional 469 shares during the last quarter. Asset Planning Services Ltd. lifted its holdings in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. INR Advisory Services LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $43,000. Evolution Wealth Advisors LLC bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $45,000. Finally, Interactive Financial Advisors bought a new position in shares of Exxon Mobil in the 1st quarter valued at about $65,000. 54.48% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on XOM shares. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley lowered their price target on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. BMO Capital Markets started coverage on shares of Exxon Mobil in a report on Tuesday. They issued a “market perform” rating and a $86.00 price target for the company. Finally, Goldman Sachs Group reissued a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $82.35.In other 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 transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.
Exxon Mobil stock opened at $69.72 on Thursday. The firm has a market capitalization of $288.98 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97. The company’s 50-day moving average is $73.45 and its 200 day moving average is $76.73. 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.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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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