Jag Capital Management LLC Acquires 26 Shares of Exxon Mobil Corporation (XOM)
Jag Capital Management LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,635 shares of the oil and gas company’s stock after buying an additional 26 shares during the period. Jag Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $455,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation in the 1st quarter valued at about $102,000. Riggs Asset Managment Co. Inc. grew its position in shares of Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the period. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation in the 1st quarter valued at about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Exxon Mobil Corporation by 13.5% in 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 acquiring an additional 220 shares during the period. Finally, Cordasco Financial Network grew its position in shares of Exxon Mobil Corporation by 0.6% in the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 50.74% of the company’s stock.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation 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 transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction that occurred on 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 transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
A number of research analysts have recently commented on the stock. UBS AG set a $75.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Thursday, June 8th. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Cowen and Company reaffirmed a “buy” rating and set a $100.00 target price on shares of Exxon Mobil Corporation in a report on Tuesday, September 19th. Vetr downgraded shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 target price for the company. in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $90.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.65.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.04% during trading on Friday, reaching $79.92. 10,205,789 shares of the company’s stock traded hands. The company’s 50-day moving average is $78.37 and its 200 day moving average is $80.77. The company has a market cap of $338.63 billion, a price-to-earnings ratio of 28.81 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 posted its quarterly earnings results 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). The business 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 company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Equities analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
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About Exxon Mobil Corporation
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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