Exxon Mobil Corporation (NYSE:XOM) Position Boosted by Johnson Financial Group LLC
Johnson Financial Group LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,483 shares of the oil and gas company’s stock after buying an additional 117 shares during the period. Exxon Mobil Corporation comprises 0.4% of Johnson Financial Group LLC’s investment portfolio, making the stock its 18th largest position. Johnson Financial Group LLC’s holdings in Exxon Mobil Corporation were worth $442,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cordasco Financial Network raised its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the period. Horizon Investment Services LLC raised its position in Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the period. LifePlan Financial Group Inc raised its position in Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock worth $370,000 after buying an additional 24 shares during the period. Nadler Financial Group Inc. raised its position in Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock worth $1,301,000 after buying an additional 40 shares during the period. Finally, Harwood Advisory Group LLC raised its position in Exxon Mobil Corporation by 0.5% in the second quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock worth $668,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 50.59% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) traded down 0.96% during trading on Friday, hitting $78.21. 10,192,375 shares of the company traded hands. Exxon Mobil Corporation has a 52 week low of $78.20 and a 52 week high of $93.22. The company has a 50 day moving average price of $80.50 and a 200 day moving average price of $81.75. The company has a market capitalization of $331.38 billion, a price-to-earnings ratio of 28.19 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.94%. Exxon Mobil Corporation’s payout ratio is 111.19%.
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A number of research analysts have recently commented on the stock. Argus restated a “focus list” rating and set a $104.00 price target (up from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. UBS AG set a $77.00 price target on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, April 25th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Simmons lifted their price objective on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, April 19th. Finally, Hilliard Lyons started coverage on shares of Exxon Mobil Corporation in a report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 price objective for the company. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $84.98.
In related news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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