Exxon Mobil Corp. (XOM) is Bbva Compass Bancshares Inc.’s 6th Largest Position
Bbva Compass Bancshares Inc. cut its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,997 shares of the company’s stock after selling 22,257 shares during the period. Exxon Mobil Corp. makes up about 1.7% of Bbva Compass Bancshares Inc.’s portfolio, making the stock its 6th largest position. Bbva Compass Bancshares Inc.’s holdings in Exxon Mobil Corp. were worth $22,873,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Exxon Mobil Corp. by 189.9% in the second quarter. Proficio Capital Partners LLC now owns 2,215 shares of the company’s stock worth $200,000 after buying an additional 1,451 shares in the last quarter. Investment House LLC acquired a new stake in Exxon Mobil Corp. during the second quarter worth approximately $206,000. Banced Corp raised its stake in Exxon Mobil Corp. by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock worth $210,000 after buying an additional 197 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new stake in Exxon Mobil Corp. during the second quarter worth approximately $211,000. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.92% during trading on Wednesday, hitting $83.30. The stock had a trading volume of 15,055,213 shares. The stock has a market capitalization of $345.42 billion, a P/E ratio of 33.08 and a beta of 0.78. The company has a 50-day moving average of $87.11 and a 200-day moving average of $88.13. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same quarter last year, the business posted $1.00 EPS. The company’s quarterly revenue was down 22.2% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corp. will post $2.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were given a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 119.05%.
A number of equities research analysts have recently commented on XOM shares. Barclays PLC dropped their price target on Exxon Mobil Corp. to $100.00 in a research report on Monday, August 1st. Zacks Investment Research raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Tuesday, July 5th. Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price target on the stock in a research report on Monday, June 27th. Goldman Sachs Group Inc. set a $98.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Friday, June 10th. Finally, Societe Generale set a $105.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Monday, August 15th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $86.69.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares in the company, valued at $18,751,600.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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