Industry News

Lenox Wealth Management Inc. Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

By August 21, 2019 No Comments

Lenox Wealth Management Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 17.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,373 shares of the oil and gas company’s stock after selling 293 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Exxon Mobil were worth $105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in Exxon Mobil by 6.8% in the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after acquiring an additional 3,038,704 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake 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 worth $177,180,000 after buying an additional 1,748,402 shares during the last quarter. Nomura Holdings Inc. lifted its stake 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 worth $31,259,000 after buying an additional 809,199 shares during the last quarter. Inlet Private Wealth LLC bought a new position in Exxon Mobil during the fourth quarter worth about $48,697,000. Finally, Royal London Asset Management Ltd. increased its position in Exxon Mobil by 31.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock worth $165,903,000 after acquiring an additional 587,387 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

Shares of NYSE:XOM traded down $0.40 during mid-day trading on Tuesday, hitting $69.05. The company had a trading volume of 95,625 shares, compared to its average volume of 12,380,931. The company has a market capitalization of $288.98 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97. The firm has a fifty day moving average price of $73.72 and a 200 day moving average price of $76.78. 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 Co. has a one year low of $64.65 and a one year high of $87.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating the Zacks’ 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 business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the previous year, the business posted $0.92 EPS. Exxon Mobil’s quarterly revenue was down 6.0% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.

The company also recently announced 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 is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.04%. Exxon Mobil’s payout ratio is 70.59%.

A number of research firms recently commented on XOM. Morgan Stanley lowered their price target on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Bank of America reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Monday, August 5th. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $82.18.

In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Exxon Mobil 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.

Featured Story: How is the discount rate different from the Federal Funds rate?

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

Receive News & Ratings for Exxon Mobil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link