Exxon Mobil Corp. (XOM) Shares Bought by OLD Republic International Corp
OLD Republic International Corp increased its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 38.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,600 shares of the company’s stock after buying an additional 117,500 shares during the period. Exxon Mobil Corp. makes up approximately 1.8% of OLD Republic International Corp’s holdings, making the stock its 14th largest position. OLD Republic International Corp’s holdings in Exxon Mobil Corp. were worth $39,427,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC boosted 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 in the last quarter. Proficio Capital Partners LLC boosted its position 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 bought a new position in Exxon Mobil Corp. during the second quarter worth $206,000. Banced Corp boosted its position 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, Provident Trust Co. bought a new position in Exxon Mobil Corp. during the second quarter worth $210,000. 50.42% of the stock is owned by institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.34% on Friday, hitting $86.74. The stock had a trading volume of 6,614,908 shares. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The firm has a market cap of $359.68 billion, a P/E ratio of 34.45 and a beta of 0.83. The firm’s 50-day moving average price is $86.27 and its 200-day moving average price is $88.28.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results 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. The business earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is currently 119.05%.
A number of equities analysts have weighed in on XOM shares. Barclays PLC decreased their price target on Exxon Mobil Corp. to $100.00 in a report on Monday, August 1st. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $95.77 price target for the company in a report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $102.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Thursday, July 14th. Zacks Investment Research upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, July 5th. Finally, Societe Generale set a $105.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 15th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $87.68.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s 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 owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by company 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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