Exxon Mobil Corporation (XOM) Shares Sold by Armstrong Henry H Associates Inc.
Armstrong Henry H Associates Inc. reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 8.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,947 shares of the oil and gas company’s stock after selling 4,200 shares during the period. Exxon Mobil Corporation comprises approximately 0.7% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 13th largest position. Armstrong Henry H Associates Inc.’s holdings in Exxon Mobil Corporation were worth $3,850,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter worth $102,000. Empirical Finance LLC bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth $172,000. Cordasco Financial Network boosted its stake in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares in the last quarter. Finally, Colorado Capital Management Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter worth $235,000. 50.61% of the stock is owned by institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.429% on Friday, hitting $80.145. The stock had a trading volume of 6,059,384 shares. Exxon Mobil Corporation has a 12-month low of $78.27 and a 12-month high of $93.22. The company has a 50 day moving average of $81.06 and a 200-day moving average of $82.01. The firm has a market capitalization of $339.57 billion, a P/E ratio of 28.944 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.70%. The firm had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period last year, the business earned $0.41 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corporation will post $3.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.83%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
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A number of analysts have weighed in on the company. Maxim Group assumed coverage on Exxon Mobil Corporation in a research report on Thursday, May 11th. They issued a “hold” rating for the company. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target for the company. in a research report on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, Hilliard Lyons began coverage on Exxon Mobil Corporation in a research note on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price objective on the stock. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and a consensus target price of $85.39.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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