Exxon Mobil Corporation (XOM) Shares Bought by Dynamic Advisors Solutions LLC
Dynamic Advisors Solutions LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 46.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,432 shares of the oil and gas company’s stock after buying an additional 5,538 shares during the quarter. Dynamic Advisors Solutions LLC’s holdings in Exxon Mobil Corporation were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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 position in shares of Exxon Mobil Corporation during the 1st quarter valued at $102,000. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of 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 valued at $152,000 after buying an additional 220 shares during the period. Cordasco Financial Network lifted its holdings in shares of 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 valued at $191,000 after buying an additional 15 shares during the period. Finally, Diversified Portfolios Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $224,000. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
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Exxon Mobil Corporation (NYSE:XOM) traded up 0.04% on Friday, hitting $79.92. 10,205,789 shares of the company’s stock traded hands. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a 50-day moving average of $78.37 and a 200-day moving average of $80.77. The stock has a market cap of $338.63 billion, a PE ratio of 28.81 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last released 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). The firm 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend 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 dividend payout ratio is currently 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of the business’s 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 of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the company. Cowen and Company reissued a “buy” rating and set a $100.00 price target on shares of Exxon Mobil Corporation in a report on Tuesday, September 19th. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Monday, September 18th. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 price target on the stock in a report on Wednesday, September 13th. UBS AG raised Exxon Mobil Corporation from a “sell” rating to a “neutral” rating and increased their price target for the company from $75.00 to $76.00 in a report on Wednesday, September 6th. Finally, Jefferies Group LLC set a $81.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target 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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