Koshinski Asset Management Inc. Sells 3,332 Shares of Exxon Mobil Corporation (XOM)
Koshinski Asset Management Inc. reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,788 shares of the oil and gas company’s stock after selling 3,332 shares during the period. Exxon Mobil Corporation comprises 0.8% of Koshinski Asset Management Inc.’s portfolio, making the stock its 23rd largest position. Koshinski Asset Management Inc.’s holdings in Exxon Mobil Corporation were worth $2,082,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horan Securities Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter worth $102,000. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 220 shares in the last quarter. Cordasco Financial Network lifted its position in shares of Exxon Mobil Corporation by 0.6% during the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 15 shares in the last quarter. Finally, Diversified Portfolios Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter worth $224,000. 50.74% of the stock is currently owned by institutional investors and hedge funds.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Reinemund sold 1,100 shares of the 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 transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) traded up 0.04% during trading on Friday, hitting $79.92. 10,205,789 shares of the stock traded hands. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The company has a 50-day moving average price of $78.37 and a 200 day moving average price 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 (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The business also recently disclosed 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. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.85%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
A number of research analysts have recently commented on XOM shares. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets set a $78.00 target price on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Monday, June 26th. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 target price on the stock in a research report on Wednesday, September 13th. BNP Paribas reissued a “sell” rating and set a $70.00 target price on shares of Exxon Mobil Corporation in a research report on Wednesday, July 5th. Finally, Morgan Stanley set a $81.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation currently has an average rating of “Hold” and an average price target of $84.65.
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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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