Thompson Investment Management Inc. decreased its stake in Exxon Mobil Corp. (NYSE:XOM) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 274,899 shares of the company’s stock after selling 3,282 shares during the period. Exxon Mobil Corp. comprises about 5.3% of Thompson Investment Management Inc.’s portfolio, making the stock its largest position. Thompson Investment Management Inc.’s holdings in Exxon Mobil Corp. were worth $25,769,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its stake in shares of 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 period. Proficio Capital Partners LLC raised its stake 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 during the period. Investment House LLC purchased a new stake in shares of Exxon Mobil Corp. during the second quarter valued at approximately $206,000. Banced Corp raised its stake 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 valued at $210,000 after buying an additional 197 shares during the period. Finally, Provident Trust Co. purchased a new stake in shares of Exxon Mobil Corp. during the second quarter valued at approximately $210,000. Institutional investors own 50.42% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.22% during trading on Tuesday, reaching $83.24. 9,587,485 shares of the company’s stock were exchanged. The company has a market capitalization of $345.17 billion, a PE ratio of 33.06 and a beta of 0.78. The company has a 50 day moving average price of $86.65 and a 200-day moving average price of $88.15. 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 announced 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. The firm earned $57.69 billion during 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%. The business’s revenue was down 22.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 EPS. On average, equities analysts forecast that Exxon Mobil Corp. will post $2.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $3.00 annualized dividend and a yield of 3.60%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 119.05%.
Several equities research analysts have recently commented on the company. Barclays PLC set a $102.00 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. HSBC set a $88.50 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. set a $102.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Thursday, July 14th. Zacks Investment Research raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, July 5th. Finally, Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.73.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the business’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 transaction, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.
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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