Exxon Mobil Corporation (XOM) Shares Sold by Hermes Investment Management Ltd.
Hermes Investment Management Ltd. trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,080 shares of the oil and gas company’s stock after selling 4,912 shares during the period. Hermes Investment Management Ltd.’s holdings in Exxon Mobil Corporation were worth $10,259,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. CNA Financial Corp raised its position in shares of Exxon Mobil Corporation by 23.1% during the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after buying an additional 3,725 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Exxon Mobil Corporation during the 1st quarter valued at approximately $754,000. Holderness Investments Co. raised its position in shares of Exxon Mobil Corporation by 48.1% during the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after buying an additional 15,687 shares during the period. Doyle Wealth Management raised its position in shares of Exxon Mobil Corporation by 2.7% during the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after buying an additional 6,921 shares during the period. Finally, Rosenbaum Jay D. raised its position in shares of Exxon Mobil Corporation by 10.6% during the 1st quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock valued at $1,473,000 after buying an additional 1,725 shares during the period. Institutional investors own 50.82% of the company’s stock.
Exxon Mobil Corporation (XOM) traded up 0.309% during mid-day trading on Tuesday, hitting $79.495. 3,800,101 shares of the company were exchanged. The company has a 50 day moving average of $78.39 and a 200 day moving average of $80.88. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The stock has a market cap of $336.83 billion, a P/E ratio of 28.657 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) 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 business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil Corporation’s dividend payout ratio is 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.
XOM has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $86.00 price target on shares of Exxon Mobil Corporation in a research report on Wednesday, May 17th. Argus reissued a “focus list” rating and issued a $104.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $83.00 target price on shares of Exxon Mobil Corporation in a research report on Tuesday, May 30th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 target price on the stock in a research report on Monday, June 5th. Finally, Howard Weil raised Exxon Mobil Corporation from a “sector perform” rating to an “outperform” rating in a research report on Monday, June 5th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $84.44.
Exxon Mobil Corporation 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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