Bourgeon Capital Management LLC decreased its position in Exxon Mobil Corp. (NYSE:XOM) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,522 shares of the company’s stock after selling 316 shares during the period. Exxon Mobil Corp. comprises about 2.5% of Bourgeon Capital Management LLC’s holdings, making the stock its 16th largest position. Bourgeon Capital Management LLC’s holdings in Exxon Mobil Corp. were worth $3,892,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC increased its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares during the period. Investment House LLC purchased a new position in Exxon Mobil Corp. during the second quarter worth approximately $206,000. Proficio Capital Partners LLC increased its position in Exxon Mobil Corp. by 189.9% in the second quarter. Proficio Capital Partners LLC now owns 2,215 shares of the company’s stock worth $200,000 after buying an additional 1,451 shares during the period. Provident Trust Co. purchased a new position in Exxon Mobil Corp. during the second quarter worth approximately $210,000. Finally, DT Investment Partners LLC purchased a new position in Exxon Mobil Corp. during the second quarter worth approximately $211,000. 50.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.95% during mid-day trading on Friday, reaching $87.28. 15,961,506 shares of the company’s stock traded hands. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The company’s 50 day moving average is $86.46 and its 200-day moving average is $88.17. The firm has a market cap of $361.92 billion, a price-to-earnings ratio of 34.66 and a beta of 0.78.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The firm had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. Exxon Mobil Corp.’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. Equities analysts expect that Exxon Mobil Corp. will post $2.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, August 10th. This represents a $3.00 annualized dividend and a yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio is 119.05%.
A number of equities analysts recently commented on XOM shares. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target for the company in a research note on Tuesday, September 13th. Wells Fargo & Co. reiterated a “buy” rating and issued a $98.00 price target (down from $108.50) on shares of Exxon Mobil Corp. in a research note on Tuesday, September 20th. Morgan Stanley set a $95.00 price target on Exxon Mobil Corp. and gave the stock a “sell” rating in a research note on Monday, June 13th. Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Finally, Collins Stewart reiterated a “hold” rating and issued a $83.50 price target on shares of Exxon Mobil Corp. in a research note on Sunday, September 11th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $87.68.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the sale, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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