Exxon Mobil Corporation (XOM) is Founders Capital Management’s 3rd Largest Position
Founders Capital Management increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,453 shares of the oil and gas company’s stock after buying an additional 2,001 shares during the period. Exxon Mobil Corporation makes up about 3.3% of Founders Capital Management’s portfolio, making the stock its 3rd largest position. Founders Capital Management’s holdings in Exxon Mobil Corporation were worth $3,669,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in Exxon Mobil Corporation during the fourth quarter valued at $101,000. Horan Securities Inc. bought a new position in Exxon Mobil Corporation during the first quarter valued at $102,000. Riggs Asset Managment Co. Inc. raised its position in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the last quarter. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation during the first quarter valued at $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the last quarter. 50.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.8522% on Friday, hitting $76.9099. The stock had a trading volume of 6,033,012 shares. The company has a market capitalization of $325.88 billion, a price-to-earnings ratio of 27.7253 and a beta of 0.81. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a 50-day moving average of $80.06 and a 200 day moving average of $81.53.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
Several research firms have weighed in on XOM. UBS AG set a $77.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, April 25th. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. J P Morgan Chase & Co set a $80.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada set a $90.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price target on the stock. in a research report on Wednesday, August 9th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus price target of $84.94.
In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.
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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