Exxon Mobil Corp. (XOM) Shares Bought by Eagle Global Advisors LLC
Eagle Global Advisors LLC boosted its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,569 shares of the company’s stock after buying an additional 8,014 shares during the period. Eagle Global Advisors LLC’s holdings in Exxon Mobil Corp. were worth $14,021,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in XOM. Thomas J. Herzfeld Advisors Inc. increased its position in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the last quarter. Tuttle Tactical Management LLC purchased a new position in Exxon Mobil Corp. during the second quarter valued at $125,000. NewSquare Capital LLC increased its position 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. Cantab Capital Partners LLP purchased a new position in Exxon Mobil Corp. during the second quarter valued at $183,000. Finally, NCM Capital Management Group Inc. increased its position in Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock valued at $185,000 after buying an additional 450 shares during the last quarter. 50.41% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded down 1.59% during trading on Friday, hitting $85.67. The stock had a trading volume of 13,812,176 shares. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The company has a market cap of $355.25 billion, a PE ratio of 40.11 and a beta of 0.86. The stock has a 50-day moving average price of $85.97 and a 200-day moving average price of $88.52.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The company earned $58.68 billion during the quarter, compared to analysts’ expectations of $61.34 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corp. will post $2.22 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 140.19%.
Several equities analysts recently weighed in on the company. Vetr downgraded Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $88.14 price objective for the company. in a research note on Monday, November 7th. HSBC set a $83.50 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Cowen and Company reissued an “outperform” rating and set a $100.00 price target on shares of Exxon Mobil Corp. in a research report on Monday, October 31st. Barclays PLC set a $97.00 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Monday, October 31st. Finally, Jefferies Group reissued a “hold” rating and set a $85.00 price target on shares of Exxon Mobil Corp. in a research report on Monday, August 1st. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $87.34.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the company’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 completion of the sale, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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