Pettee Investors Inc. held its position in shares of Exxon Mobil Corp. (NYSE:XOM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,052 shares of the company’s stock at the end of the second quarter. Exxon Mobil Corp. comprises about 6.4% of Pettee Investors Inc.’s investment portfolio, making the stock its 2nd largest position. Pettee Investors Inc.’s holdings in Exxon Mobil Corp. were worth $6,567,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in XOM. NewSquare Capital LLC boosted 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 during the last quarter. Investment House LLC bought a new position in shares of Exxon Mobil Corp. during the second quarter valued at $206,000. Proficio Capital Partners LLC boosted its position in shares of 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. Provident Trust Co. bought a new position in shares of Exxon Mobil Corp. during the second quarter valued at $210,000. Finally, DT Investment Partners LLC bought a new position in shares of Exxon Mobil Corp. during the second quarter valued at $211,000. Hedge funds and other institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded up 4.40% during trading on Wednesday, reaching $86.90. 27,621,052 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $86.49 and a 200 day moving average price of $88.15. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The stock has a market capitalization of $360.34 billion, a P/E ratio of 34.51 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 Zacks’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same period in the prior year, the business posted $1.00 EPS. The business’s revenue was down 22.2% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Corp. will post $2.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 119.05%.
Several research analysts have recently weighed in on XOM shares. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 target price on the stock in a report on Tuesday, September 13th. Wells Fargo & Co. restated a “buy” rating and set a $98.00 target price (down from $108.50) on shares of Exxon Mobil Corp. in a report on Tuesday, September 20th. Morgan Stanley set a $95.00 target price on Exxon Mobil Corp. and gave the stock a “sell” rating in a report on Monday, June 13th. Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Finally, Collins Stewart restated a “hold” rating and set a $83.50 target price on shares of Exxon Mobil Corp. in a report on Sunday, September 11th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $87.73.
In related news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction on 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 owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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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