Palladium Partners LLC Sells 7,286 Shares of Exxon Mobil Corp. (XOM)
Palladium Partners LLC decreased its stake in Exxon Mobil Corp. (NYSE:XOM) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,927 shares of the company’s stock after selling 7,286 shares during the period. Exxon Mobil Corp. accounts for about 2.4% of Palladium Partners LLC’s portfolio, making the stock its 7th largest position. Palladium Partners LLC’s holdings in Exxon Mobil Corp. were worth $26,334,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Lenox Wealth Advisors Inc. raised 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 raised 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. Bouchey Financial Group Ltd raised its position in shares of Exxon Mobil Corp. by 29.2% in the second quarter. Bouchey Financial Group Ltd now owns 3,097 shares of the company’s stock worth $290,000 after buying an additional 700 shares during the last quarter. ELM Advisors LLC bought a new position in shares of Exxon Mobil Corp. during the second quarter worth $299,000. Finally, Capital Asset Advisory Services LLC raised 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. 50.42% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.34% on Friday, hitting $86.74. 6,614,908 shares of the stock were exchanged. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The firm has a market cap of $359.68 billion, a PE ratio of 34.45 and a beta of 0.83. The company has a 50-day moving average price of $86.27 and a 200-day moving average price of $88.28.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share 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 firm earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same period last year, the business posted $1.00 EPS. The company’s revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is currently 119.05%.
A number of brokerages have recently commented on XOM. Vetr lowered shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price objective on the stock. in a research report on Wednesday, September 28th. HSBC set a $86.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, June 28th. Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $102.00 price objective on shares of Exxon Mobil Corp. in a research report on Thursday, July 28th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. Exxon Mobil Corp. currently has an average rating of “Hold” and an average price target of $87.68.
In related news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. 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 sale, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is 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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