Exxon Mobil Corporation (XOM) Holdings Raised by Berkshire Money Management Inc.
Berkshire Money Management Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,344 shares of the oil and gas company’s stock after acquiring an additional 5 shares during the quarter. Exxon Mobil Corporation makes up about 0.2% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 17th biggest position. Berkshire Money Management Inc.’s holdings in Exxon Mobil Corporation were worth $754,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. CNA Financial Corp raised its holdings in Exxon Mobil Corporation by 23.1% during the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after acquiring an additional 3,725 shares during the period. Two Sigma Securities LLC bought a new stake in Exxon Mobil Corporation during the first quarter valued at about $754,000. Holderness Investments Co. raised its holdings in Exxon Mobil Corporation by 48.1% during the first quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after acquiring an additional 15,687 shares during the period. Doyle Wealth Management raised its holdings in Exxon Mobil Corporation by 2.7% during the second quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after acquiring an additional 6,921 shares during the period. Finally, Rosenbaum Jay D. raised its holdings in Exxon Mobil Corporation by 10.6% during the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock valued at $1,473,000 after acquiring an additional 1,725 shares during the period. 50.82% of the stock is currently owned by institutional investors and hedge funds.
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XOM has been the topic of a number of recent analyst reports. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price target on the stock in a report on Monday, June 5th. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Morgan Stanley set a $81.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, July 11th. Royal Bank Of Canada cut Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $96.00 to $95.00 in a report on Thursday, July 6th. Finally, BMO Capital Markets raised their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, June 21st. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $84.65.
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 transaction of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.02% during mid-day trading on Friday, hitting $80.07. 16,043,707 shares of the stock traded hands. The stock has a market cap of $339.27 billion, a P/E ratio of 28.86 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The stock has a 50-day moving average price of $78.36 and a 200-day moving average price of $80.83.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
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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