Exxon Mobil Corporation (XOM) Stake Decreased by Karpas Strategies LLC
Karpas Strategies LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,333 shares of the oil and gas company’s stock after selling 600 shares during the period. Exxon Mobil Corporation accounts for 1.7% of Karpas Strategies LLC’s portfolio, making the stock its 22nd largest position. Karpas Strategies LLC’s holdings in Exxon Mobil Corporation were worth $3,660,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $101,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. increased its stake in shares of Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the period. Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter valued at approximately $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the period. 50.77% of the stock is owned by institutional investors.
Shares of Exxon Mobil Corporation (XOM) traded up 0.50% during midday trading on Friday, reaching $76.64. The company had a trading volume of 14,324,342 shares. The stock has a market capitalization of $324.73 billion, a PE ratio of 27.63 and a beta of 0.81. The company’s 50-day moving average is $79.94 and its 200-day moving average is $81.47. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period last year, the business earned $0.41 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
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Several analysts have recently commented on XOM shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research report on Tuesday, April 25th. Bank of America Corporation upgraded Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $95.00 to $100.00 in a report on Thursday, May 11th. Scotiabank upgraded Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and increased their target price for the stock from $85.00 to $86.00 in a report on Monday, June 5th. Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price on the stock. in a report on Tuesday, June 6th. Finally, Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average target price of $84.94.
In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The stock was 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 $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by company insiders.
Exxon Mobil Corporation Company Profile
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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