Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Providence Capital Advisors LLC
Providence Capital Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,955 shares of the oil and gas company’s stock after purchasing an additional 1,259 shares during the period. Exxon Mobil makes up approximately 1.6% of Providence Capital Advisors LLC’s portfolio, making the stock its 16th largest position. Providence Capital Advisors LLC’s holdings in Exxon Mobil were worth $2,679,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Massey Quick Simon & CO. LLC lifted its stake in Exxon Mobil by 121.2% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 183 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $26,000. Asset Planning Services Ltd. grew its holdings in shares of Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after buying an additional 496 shares in the last quarter. INR Advisory Services LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $43,000. Finally, Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $45,000. 54.48% of the stock is currently owned by institutional investors.
In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 3.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
A number of brokerages recently issued reports on XOM. UBS Group decreased their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Berenberg Bank reiterated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Independent Research set a $74.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Barclays started coverage on Exxon Mobil in a research note on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target on the stock. Finally, Royal Bank of Canada restated a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and an average target price of $81.13.
Exxon Mobil Profile
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.
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