Resource Planning Group raised its stake in Exxon Mobil Co. (NYSE:XOM) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,476 shares of the oil and gas company’s stock after acquiring an additional 299 shares during the period. Resource Planning Group’s holdings in Exxon Mobil were worth $343,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of XOM. Massey Quick Simon & CO. LLC boosted its position in shares of Exxon Mobil by 625.3% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after buying an additional 469 shares during the period. Asset Planning Services Ltd. boosted its position 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 during the period. INR Advisory Services LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $43,000. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the second quarter worth approximately $45,000. Finally, Interactive Financial Advisors acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $65,000. Institutional investors own 54.52% of the company’s stock.
Several brokerages have recently issued reports on XOM. Morgan Stanley reduced their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Berenberg Bank reiterated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 11th. Tudor Pickering began coverage on Exxon Mobil in a research report on Monday, April 8th. They set a “hold” rating and a $82.49 price objective for the company. Goldman Sachs Group reiterated a “hold” rating and set a $80.00 price objective on shares of Exxon Mobil in a research report on Monday, April 29th. Finally, Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and an average price target of $83.52.
XOM traded down $0.71 during trading on Friday, reaching $71.75. The stock had a trading volume of 21,374,999 shares, compared to its average volume of 7,987,186. The stock has a market cap of $314.62 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36. The stock has a 50 day simple moving average of $75.84. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 3.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be issued a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.85%. Exxon Mobil’s dividend payout ratio is currently 70.59%.
Exxon Mobil Company 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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