Windsor Capital Management LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,729 shares of the oil and gas company’s stock after selling 817 shares during the quarter. Windsor Capital Management LLC’s holdings in Exxon Mobil were worth $1,588,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Kanawha Capital Management LLC boosted its position in shares of Exxon Mobil by 5.7% during the 4th quarter. Kanawha Capital Management LLC now owns 161,162 shares of the oil and gas company’s stock valued at $10,990,000 after purchasing an additional 8,725 shares in the last quarter. Monarch Capital Management Inc. boosted its holdings in shares of Exxon Mobil by 0.9% in the fourth quarter. Monarch Capital Management Inc. now owns 77,069 shares of the oil and gas company’s stock worth $5,255,000 after acquiring an additional 650 shares during the period. Clean Yield Group raised its position in shares of Exxon Mobil by 37.5% in the fourth quarter. Clean Yield Group now owns 8,451 shares of the oil and gas company’s stock worth $576,000 after buying an additional 2,304 shares in the last quarter. Strs Ohio raised its position in shares of Exxon Mobil by 0.6% in the fourth quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock worth $189,870,000 after buying an additional 17,205 shares in the last quarter. Finally, Portland Global Advisors LLC raised its position in shares of Exxon Mobil by 7.7% in the fourth quarter. Portland Global Advisors LLC now owns 30,313 shares of the oil and gas company’s stock worth $2,067,000 after buying an additional 2,160 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.
A number of research firms have weighed in on XOM. Barclays began coverage on Exxon Mobil in a research report on Monday. They set an “equal weight” rating and a $73.00 price target on the stock. HSBC reiterated a “neutral” rating and issued a $86.50 price objective on shares of Exxon Mobil in a report on Thursday, May 23rd. Royal Bank of Canada reiterated a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets assumed coverage on Exxon Mobil in a report on Tuesday. They issued a “market perform” rating and a $86.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $81.83.
Shares of NYSE XOM traded down $1.58 during midday trading on Friday, reaching $67.99. The company had a trading volume of 717,316 shares, compared to its average volume of 12,523,718. The business’s 50-day simple moving average is $73.32 and its 200 day simple moving average is $76.70. The stock has a market cap of $292.07 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.99 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 company has a current ratio of 0.74, a quick ratio of 0.47 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, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. Analysts predict that Exxon Mobil Co. will post 3.2 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 5.12%. Exxon Mobil’s dividend payout ratio is currently 70.59%.
About Exxon Mobil
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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