Mizuho Securities USA Inc. Acquires 24,829 Shares of Exxon Mobil Corp. (XOM)
Mizuho Securities USA Inc. raised its position in Exxon Mobil Corp. (NYSE:XOM) by 414.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,814 shares of the company’s stock after buying an additional 24,829 shares during the period. Mizuho Securities USA Inc.’s holdings in Exxon Mobil Corp. were worth $2,689,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of XOM. Thomas J. Herzfeld Advisors Inc. raised 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 worth $104,000 after buying an additional 691 shares in the last quarter. Tuttle Tactical Management LLC acquired a new position in Exxon Mobil Corp. during the second quarter worth about $125,000. Horan Securities Inc. acquired a new position in Exxon Mobil Corp. during the third quarter worth about $137,000. NewSquare Capital LLC raised 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 period. Finally, Cantab Capital Partners LLP purchased a new position in Exxon Mobil Corp. during the second quarter valued at $183,000. 50.06% of the stock is owned by institutional investors.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.75% during mid-day trading on Monday, reaching $86.47. 7,449,634 shares of the company’s stock were exchanged. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The stock has a 50 day moving average price of $86.07 and a 200 day moving average price of $88.35. The stock has a market cap of $358.56 billion, a price-to-earnings ratio of 40.48 and a beta of 0.86.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The business earned $58.68 billion during the quarter, compared to analysts’ expectations of $61.34 billion. During the same quarter last year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corp. will post $2.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio is presently 140.19%.
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XOM has been the subject of several recent research reports. Barclays PLC cut their target price on shares of Exxon Mobil Corp. to $100.00 in a report on Monday, August 1st. Argus reaffirmed a “buy” rating and set a $104.00 target price on shares of Exxon Mobil Corp. in a report on Wednesday, August 17th. reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Societe Generale set a $105.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 15th. Finally, Goldman Sachs Group Inc. set a $98.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 1st. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $87.62.
In related news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the completion of the sale, the vice president now owns 222,299 shares in the company, valued at approximately $19,340,013. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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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