Davis R M Inc. raised its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 507,114 shares of the company’s stock after buying an additional 2,250 shares during the period. Exxon Mobil Corp. accounts for 2.3% of Davis R M Inc.’s holdings, making the stock its 4th largest position. Davis R M Inc.’s holdings in Exxon Mobil Corp. were worth $47,537,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Lenox Wealth Advisors Inc. increased its position in shares of Exxon Mobil Corp. by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 2,708 shares of the company’s stock worth $254,000 after buying an additional 10 shares during the last quarter. Banced Corp increased its position in shares of Exxon Mobil Corp. by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock worth $210,000 after buying an additional 197 shares during the last quarter. Moore Capital Management LP purchased a new position in shares of Exxon Mobil Corp. during the first quarter worth $258,000. ELM Advisors LLC purchased a new position in shares of Exxon Mobil Corp. during the second quarter worth $299,000. Finally, Capital Asset Advisory Services LLC increased its position in shares of Exxon Mobil Corp. by 0.4% in the second quarter. Capital Asset Advisory Services LLC now owns 3,394 shares of the company’s stock worth $318,000 after buying an additional 15 shares during the last quarter. Institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.11% during mid-day trading on Friday, reaching $83.45. 12,667,106 shares of the company’s stock were exchanged. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The stock has a 50-day moving average of $86.78 and a 200-day moving average of $88.06. The stock has a market cap of $346.04 billion, a price-to-earnings ratio of 33.14 and a beta of 0.78.
Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The company earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter in the prior year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corp. will post $2.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a $0.75 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $3.00 annualized dividend and a yield of 3.59%. Exxon Mobil Corp.’s dividend payout ratio is currently 119.05%.
A number of equities analysts recently weighed in on the stock. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. Wells Fargo & Co. restated an “outperform” rating on shares of Exxon Mobil Corp. in a report on Wednesday, June 1st. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.34 target price on the stock in a report on Tuesday, May 31st. Credit Suisse Group AG restated a “sell” rating and set a $78.00 target price on shares of Exxon Mobil Corp. in a report on Thursday, June 2nd. Finally, Bank of America Corp. downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a report on Thursday, June 2nd. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Exxon Mobil Corp. has a consensus rating of “Hold” and a consensus price target of $87.13.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the transaction, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.
About Exxon Mobil Corp.
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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