Bonness Enterprises Inc. Has $2,077,000 Stake in Exxon Mobil Corp. (XOM)
Bonness Enterprises Inc. maintained its position in shares of Exxon Mobil Corp. (NYSE:XOM) during the third quarter, Holdings Channel reports. The institutional investor owned 23,799 shares of the company’s stock at the end of the third quarter. Exxon Mobil Corp. accounts for 1.7% of Bonness Enterprises Inc.’s portfolio, making the stock its 21st largest position. Bonness Enterprises Inc.’s holdings in Exxon Mobil Corp. were worth $2,077,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. BB&T Corp raised its position in shares of Exxon Mobil Corp. by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock worth $89,332,000 after buying an additional 148,235 shares during the period. Concannon Wealth Management LLC raised its position in shares of Exxon Mobil Corp. by 0.5% in the second quarter. Concannon Wealth Management LLC now owns 5,399 shares of the company’s stock worth $506,000 after buying an additional 27 shares during the period. Edgar Lomax Co. VA raised its position in shares of Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock worth $70,792,000 after buying an additional 126,050 shares during the period. Shell Asset Management Co. raised its position in shares of Exxon Mobil Corp. by 14.7% in the second quarter. Shell Asset Management Co. now owns 867,880 shares of the company’s stock worth $81,355,000 after buying an additional 111,027 shares during the period. Finally, Eagle Global Advisors LLC raised its position in shares of Exxon Mobil Corp. by 5.7% in the second quarter. Eagle Global Advisors LLC now owns 149,569 shares of the company’s stock worth $14,021,000 after buying an additional 8,014 shares during the period. Institutional investors own 50.06% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 1.63% during mid-day trading on Wednesday, hitting $87.30. 22,696,209 shares of the company were exchanged. The company has a 50 day moving average of $85.99 and a 200 day moving average of $88.32. The company has a market capitalization of $362.01 billion, a P/E ratio of 40.87 and a beta of 0.86. 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 results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. Exxon Mobil Corp.’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. Equities analysts anticipate that Exxon Mobil Corp. will post $2.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. Exxon Mobil Corp.’s payout ratio is 140.19%.
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A number of equities analysts have recently commented on XOM shares. HSBC set a $91.00 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Exane BNP Paribas initiated coverage on shares of Exxon Mobil Corp. in a research note on Monday, October 10th. They set an “underperform” rating and a $80.00 target price for the company. Credit Suisse Group AG set a $74.00 target price on shares of Exxon Mobil Corp. and gave the stock a “sell” rating in a research note on Friday, October 14th. Barclays PLC set a $97.00 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Monday, October 31st. Finally, Raymond James Financial Inc. reissued an “underperform” rating on shares of Exxon Mobil Corp. in a research note on Sunday, October 23rd. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $87.69.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the completion of the sale, the vice president now directly owns 222,299 shares in the company, valued at approximately $19,340,013. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert N. Schleckser sold 5,339 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $86.89, for a total transaction of $463,905.71. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
About Exxon Mobil Corp.
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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