Sequent Asset Management LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,946 shares of the oil and gas company’s stock after selling 2,768 shares during the period. Exxon Mobil makes up about 1.2% of Sequent Asset Management LLC’s portfolio, making the stock its 20th biggest position. Sequent Asset Management LLC’s holdings in Exxon Mobil were worth $1,681,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Sigma Investment Counselors Inc. grew its position in Exxon Mobil by 0.4% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after acquiring an additional 142 shares during the last quarter. Riverstone Advisors LLC grew its position in shares of Exxon Mobil by 0.5% in the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after buying an additional 142 shares during the last quarter. Alpha Windward LLC grew its position in shares of Exxon Mobil by 3.1% in the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 144 shares during the last quarter. Saratoga Research & Investment Management grew its position in shares of Exxon Mobil by 4.1% in the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 145 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 53,396 shares of the oil and gas company’s stock valued at $4,092,000 after buying an additional 149 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.
In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction dated 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 directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by insiders.Shares of NYSE:XOM opened at $69.45 on Tuesday. The company has a market capitalization of $288.98 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.97 and a beta of 0.97. 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 business’s 50-day moving average is $73.72 and its 200-day moving average is $76.78. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. Analysts anticipate that Exxon Mobil Co. will post 3.24 EPS for the current 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 paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s dividend payout ratio is 70.59%.
A number of research firms have commented on XOM. Bank of America reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research report on Monday, August 5th. Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 price target on shares of Exxon Mobil in a research report on Monday, April 29th. Morgan Stanley reduced their price target on 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. Barclays began coverage on Exxon Mobil in a research report on Monday. They issued an “equal weight” rating and a $73.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $82.18.
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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