Roman Butler Fullerton & Co. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,695 shares of the oil and gas company’s stock after selling 225 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Exxon Mobil were worth $436,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in XOM. Massey Quick Simon & CO. LLC boosted 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 valued at $37,000 after buying an additional 469 shares in the last quarter. Asset Planning Services Ltd. boosted 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 valued at $40,000 after buying an additional 496 shares in the last quarter. INR Advisory Services LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $43,000. Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $45,000. Finally, Interactive Financial Advisors acquired a new stake in Exxon Mobil in the first quarter valued at approximately $65,000. 54.52% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on XOM. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and cut their target price for the company from $72.00 to $70.00 in a research report on Tuesday. Berenberg Bank restated a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research report on Thursday, April 11th. Bank of America reiterated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Monday. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $82.59.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.17%. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. Analysts predict that Exxon Mobil Co. will post 3.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 4.96%. Exxon Mobil’s payout ratio is 70.59%.
In related news, VP Robert N. Schleckser sold 9,345 shares of the business’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 in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 219,423 shares in the company, valued at approximately $16,750,751.82. The disclosure for this sale can be found here. 0.05% of the stock is owned by insiders.
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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