Exxon Mobil Corporation (XOM) Holdings Reduced by Independent Portfolio Consultants Inc.
Independent Portfolio Consultants Inc. decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,339 shares of the oil and gas company’s stock after selling 118 shares during the period. Independent Portfolio Consultants Inc.’s holdings in Exxon Mobil Corporation were worth $915,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the 1st quarter worth approximately $102,000. Watermark Asset Management Inc. bought a new stake in Exxon Mobil Corporation during the 1st quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Exxon Mobil Corporation by 13.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after acquiring an additional 220 shares during the period. Cordasco Financial Network raised its stake in Exxon Mobil Corporation by 0.6% during the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 15 shares during the period. Finally, Diversified Portfolios Inc. bought a new stake in Exxon Mobil Corporation during the 1st quarter worth approximately $224,000. Institutional investors own 50.82% of the company’s stock.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of 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 document filed with the SEC, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.
Exxon Mobil Corporation (XOM) traded down 0.46% on Friday, hitting $79.72. 6,735,094 shares of the company were exchanged. The stock’s 50-day moving average price is $78.38 and its 200-day moving average price is $80.84. The stock has a market capitalization of $337.78 billion, a P/E ratio of 28.74 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.85%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
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A number of equities research analysts have commented on XOM shares. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price on the stock. in a research note on Tuesday, June 6th. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of Exxon Mobil Corporation in a research note on Thursday, June 15th. Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Barclays PLC set a $94.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Monday, August 21st. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.65.
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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