Exxon Mobil Corporation (XOM) Stake Maintained by Westchester Capital Management Inc.
Westchester Capital Management Inc. maintained its position in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,268 shares of the oil and gas company’s stock at the end of the second quarter. Westchester Capital Management Inc.’s holdings in Exxon Mobil Corporation were worth $102,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. increased its holdings in 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 worth $110,000 after buying an additional 292 shares in the last quarter. Horan Securities Inc. increased its holdings in Exxon Mobil Corporation by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in Exxon Mobil Corporation in the 1st quarter worth about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in 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 worth $152,000 after buying an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. bought a new stake in Exxon Mobil Corporation in the 2nd quarter worth about $207,000. 50.76% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at $81.10 on Friday. The stock has a market capitalization of $343,629.28, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.84. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the previous year, the company posted $0.63 EPS. equities research analysts anticipate that Exxon Mobil Corporation will post 3.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.80%. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
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In related news, VP Robert Stuart Franklin sold 22,656 shares of the business’s 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 completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.
XOM has been the subject of several research analyst reports. Zacks Investment Research upgraded Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a report on Friday, October 6th. Barclays PLC reiterated an “overweight” rating and issued a $94.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a report on Friday, October 13th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil Corporation in a report on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Monday, September 25th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.78.
Exxon Mobil Corporation Company 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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