Janney Capital Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,539 shares of the oil and gas company’s stock after acquiring an additional 216 shares during the quarter. Janney Capital Management LLC’s holdings in Exxon Mobil were worth $3,107,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Livingston Group Asset Management CO operating as Southport Capital Management increased its holdings in shares of Exxon Mobil by 1.7% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 23,621 shares of the oil and gas company’s stock worth $1,611,000 after buying an additional 396 shares during the last quarter. Arvest Bank Trust Division boosted its stake in shares of Exxon Mobil by 5.0% in the 4th quarter. Arvest Bank Trust Division now owns 42,702 shares of the oil and gas company’s stock valued at $2,912,000 after purchasing an additional 2,032 shares in the last quarter. City Holding Co. boosted its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. City Holding Co. now owns 75,364 shares of the oil and gas company’s stock valued at $5,139,000 after purchasing an additional 336 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Exxon Mobil by 1.3% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 110,119 shares of the oil and gas company’s stock valued at $7,509,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Weather Gauge Advisory LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $356,000. Institutional investors and hedge funds own 54.48% of the company’s stock.
A number of equities research analysts have recently weighed in on XOM shares. Berenberg Bank restated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 7th. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. 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. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Finally, Bank of America reiterated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $82.35.Exxon Mobil stock traded down $0.04 during mid-day trading on Thursday, hitting $69.68. 4,610,257 shares of the stock were exchanged, compared to its average volume of 12,464,065. 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 Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The firm’s fifty day simple moving average is $73.45 and its two-hundred day simple moving average is $76.73. The stock has a market capitalization of $293.85 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 2.00 and a beta of 0.97.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (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 firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same quarter last year, the business earned $0.92 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.99%. Exxon Mobil’s dividend payout ratio is currently 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
About Exxon Mobil
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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