Nwam LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 28,218 shares of the oil and gas company’s stock after selling 1,218 shares during the quarter. Nwam LLC’s holdings in Exxon Mobil were worth $2,162,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Ltd. lifted its position in Exxon Mobil by 1,984.0% in 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 last quarter. Massey Quick Simon & CO. LLC lifted its position in Exxon Mobil by 625.3% in 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 last quarter. Evolution Wealth Advisors LLC bought a new stake in Exxon Mobil in the second quarter worth $45,000. INR Advisory Services LLC bought a new stake in Exxon Mobil in the fourth quarter worth $43,000. Finally, Interactive Financial Advisors purchased a new stake in Exxon Mobil in the first quarter worth $65,000. Hedge funds and other institutional investors own 54.52% of the company’s stock.
In other news, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the transaction, the vice president now owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.
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, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 3.36 earnings per share for the current fiscal 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 paid a dividend of $0.87 per share. The ex-dividend date of this dividend 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%.
A number of analysts have weighed in on the company. Morgan Stanley reduced their target price on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada set a $90.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday. Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a research note on Monday, April 29th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. Finally, Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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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