6,163 Shares in Exxon Mobil Co. (XOM) Acquired by Summit Financial Strategies Inc.
Summit Financial Strategies Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,163 shares of the oil and gas company’s stock, valued at approximately $498,000. Exxon Mobil comprises about 0.3% of Summit Financial Strategies Inc.’s portfolio, making the stock its 24th biggest holding.
A number of other hedge funds have also bought and sold shares of the business. State Street Corp increased its stake in Exxon Mobil by 7.9% during the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Exxon Mobil by 6.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after acquiring an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Exxon Mobil by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after acquiring an additional 51,810 shares during the last quarter. APG Asset Management N.V. increased its stake in Exxon Mobil by 22.7% during the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after acquiring an additional 2,088,263 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Exxon Mobil by 0.6% during the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock worth $381,912,000 after acquiring an additional 26,923 shares during the last quarter. 50.84% of the stock is owned by institutional investors.
Shares of Exxon Mobil Co. (XOM) opened at $81.21 on Thursday. Exxon Mobil Co. has a fifty-two week low of $76.05 and a fifty-two week high of $93.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a market capitalization of $344,100.00, a PE ratio of 23.28, a PEG ratio of 1.75 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.81% and a net margin of 6.34%. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the previous year, the business earned $0.63 EPS. analysts anticipate that Exxon Mobil Co. will post 3.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s payout ratio is currently 100.33%.
In other news, 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 value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.
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A number of equities research analysts have recently weighed in on XOM shares. TheStreet raised Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays PLC set a $94.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, August 21st. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price objective for the company in a research note on Thursday, August 17th. Scotiabank set a $86.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Societe Generale set a $95.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.77.
About Exxon Mobil
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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