Tradition Capital Management LLC Has $2,515,000 Position in Exxon Mobil Corp. (XOM)
Tradition Capital Management LLC reduced its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,832 shares of the company’s stock after selling 683 shares during the period. Tradition Capital Management LLC’s holdings in Exxon Mobil Corp. were worth $2,515,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. NewSquare Capital LLC increased 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 worth $150,000 after buying an additional 33 shares during the period. Investment House LLC acquired a new position in shares of Exxon Mobil Corp. during the second quarter valued at approximately $206,000. Proficio Capital Partners LLC increased its position in shares of Exxon Mobil Corp. by 189.9% in the second quarter. Proficio Capital Partners LLC now owns 2,215 shares of the company’s stock valued at $200,000 after buying an additional 1,451 shares during the last quarter. Provident Trust Co. acquired a new position in shares of Exxon Mobil Corp. during the second quarter valued at approximately $210,000. Finally, DT Investment Partners LLC acquired a new position in shares of Exxon Mobil Corp. during the second quarter valued at approximately $211,000. 50.42% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.95% during midday trading on Friday, reaching $87.28. The company had a trading volume of 15,813,268 shares. The company has a 50-day moving average of $86.44 and a 200-day moving average of $88.13. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55. The stock has a market capitalization of $361.92 billion, a PE ratio of 34.66 and a beta of 0.78.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. The business earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. Exxon Mobil Corp.’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, analysts predict that Exxon Mobil Corp. will post $2.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders 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 3.44%. Exxon Mobil Corp.’s dividend payout ratio is currently 119.05%.
Several research analysts have commented on the company. Vetr downgraded Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 target price for the company. in a research note on Wednesday. HSBC set a $86.00 target price on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, June 28th. Societe Generale set a $105.00 target price on Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 target price on Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 1st. Finally, Barclays PLC reissued an “equal weight” rating and set a $102.00 target price on shares of Exxon Mobil Corp. in a research note on Thursday, July 28th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. Exxon Mobil Corp. currently has an average rating of “Hold” and an average target price of $87.68.
In other news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction that occurred 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 directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by 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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