NEXT Financial Group Inc Boosts Position in Exxon Mobil Co. (NYSE:XOM)

NEXT Financial Group Inc grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 262.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,280 shares of the oil and gas company’s stock after buying an additional 40,773 shares during the period. NEXT Financial Group Inc’s holdings in Exxon Mobil were worth $4,313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after buying an additional 3,038,704 shares during the period. Thoroughbred Financial Services LLC grew its holdings in shares of Exxon Mobil by 7,471.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock worth $177,180,000 after acquiring an additional 1,748,402 shares during the period. Nomura Holdings Inc. grew its holdings in shares of Exxon Mobil by 224.9% during the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock worth $31,259,000 after acquiring an additional 809,199 shares during the period. Inlet Private Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $48,697,000. Finally, Royal London Asset Management Ltd. grew its stake in Exxon Mobil by 31.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock worth $165,903,000 after purchasing an additional 587,387 shares during the period. 54.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE XOM traded down $0.71 during trading on Friday, reaching $71.75. The company had a trading volume of 21,374,999 shares, compared to its average volume of 7,987,186. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The stock has a market cap of $314.62 billion, a PE ratio of 14.55, a PEG ratio of 2.02 and a beta of 0.97. The business’s 50-day moving average is $75.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same period in the prior year, the firm posted $0.92 EPS. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 3.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.

In other news, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total transaction of $460,559.22. Following the sale, the vice president now owns 219,423 shares in the company, valued at $16,750,751.82. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.05% of the company’s stock.

Several brokerages recently weighed in on XOM. Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Thursday, April 11th. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a research note on Monday, July 22nd. JPMorgan Chase & Co. set a $85.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday. Tudor Pickering started coverage on shares of Exxon Mobil in a research report on Monday, April 8th. They issued a “hold” rating and a $82.49 target price on the stock. Finally, Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $83.52.

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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