Hudock Capital Group LLC raised its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,921 shares of the company’s stock after buying an additional 4,741 shares during the period. Exxon Mobil Corp. comprises 1.9% of Hudock Capital Group LLC’s portfolio, making the stock its 11th largest position. Hudock Capital Group LLC’s holdings in Exxon Mobil Corp. were worth $3,554,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of XOM. NewSquare Capital LLC increased its stake in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares in the last quarter. Proficio Capital Partners LLC increased its stake 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 valued at $200,000 after buying an additional 1,451 shares in the last quarter. Investment House LLC purchased a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $206,000. Banced Corp increased its stake in Exxon Mobil Corp. by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock valued at $210,000 after buying an additional 197 shares in the last quarter. Finally, Provident Trust Co. purchased a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $210,000. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.95% during trading on Friday, hitting $87.28. The company had a trading volume of 15,813,268 shares. The stock has a market capitalization of $361.92 billion, a P/E ratio of 34.66 and a beta of 0.78. The firm’s 50 day moving average is $86.44 and its 200-day moving average is $88.13. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The firm had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm’s revenue was down 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Equities research analysts anticipate that Exxon Mobil Corp. will post $2.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.44%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio is presently 119.05%.
XOM has been the subject of several recent research reports. Vetr downgraded Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price target for the company. in a report on Wednesday. Wells Fargo & Co. reiterated a “buy” rating and set a $98.00 price target (down previously from $108.50) on shares of Exxon Mobil Corp. in a report on Tuesday, September 20th. Collins Stewart reiterated a “hold” rating and set a $83.50 price target on shares of Exxon Mobil Corp. in a report on Sunday, September 11th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, September 8th. Finally, Credit Suisse Group AG reiterated an “underperform” rating on shares of Exxon Mobil Corp. in a report on Tuesday, September 6th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average 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 business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the sale, the vice president now owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.
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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