Exxon Mobil Co. (XOM) Position Raised by Rehmann Capital Advisory Group
Rehmann Capital Advisory Group increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8,766.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,264,121 shares of the oil and gas company’s stock after purchasing an additional 3,227,307 shares during the period. Exxon Mobil accounts for about 0.4% of Rehmann Capital Advisory Group’s holdings, making the stock its 14th biggest holding. Rehmann Capital Advisory Group owned approximately 0.08% of Exxon Mobil worth $3,009,820,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kwmg LLC purchased a new position in Exxon Mobil during the second quarter worth about $102,000. WESPAC Advisors SoCal LLC purchased a new position in Exxon Mobil during the third quarter worth about $110,000. Mainstay Capital Management LLC ADV boosted its stake in Exxon Mobil by 112.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock worth $156,000 after buying an additional 1,000 shares during the period. Camarda Financial Advisors LLC boosted its stake in Exxon Mobil by 175.2% during the third quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock worth $156,000 after buying an additional 1,167 shares during the period. Finally, Smart Portfolios LLC boosted its stake in Exxon Mobil by 97.8% during the second quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock worth $167,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.
In other news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the transaction, the vice president now owns 223,461 shares of the company’s stock, valued at $16,276,899.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The business had revenue of $71.90 billion during the quarter, compared to analyst estimates of $78.87 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 4.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 11th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, February 8th. Exxon Mobil’s payout ratio is 66.53%.
Several research analysts have weighed in on XOM shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $95.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 19th. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Sunday, January 6th. Wolfe Research raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. Berenberg Bank reaffirmed a “neutral” rating and set a $76.00 target price on shares of Exxon Mobil in a research note on Wednesday, January 9th. Finally, Credit Suisse Group set a $79.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, December 25th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $84.52.
ILLEGAL ACTIVITY WARNING: “Exxon Mobil Co. (XOM) Position Raised by Rehmann Capital Advisory Group” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2019/03/16/exxon-mobil-co-xom-position-raised-by-rehmann-capital-advisory-group.html.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.