Exxon Mobil Corporation (XOM) Shares Sold by Aviance Capital Management LLC
Aviance Capital Management LLC decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 40.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,359 shares of the oil and gas company’s stock after selling 105,447 shares during the period. Aviance Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $12,823,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Exxon Mobil Corporation during the first quarter valued at $16,165,000. Sowell Financial Services LLC raised its position in shares of Exxon Mobil Corporation by 20.7% in the first quarter. Sowell Financial Services LLC now owns 60,168 shares of the oil and gas company’s stock valued at $4,951,000 after buying an additional 10,330 shares during the period. Patten Group Inc. raised its position in shares of Exxon Mobil Corporation by 3.4% in the first quarter. Patten Group Inc. now owns 39,708 shares of the oil and gas company’s stock valued at $3,286,000 after buying an additional 1,289 shares during the period. Piedmont Investment Advisors LLC raised its position in shares of Exxon Mobil Corporation by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 886,764 shares of the oil and gas company’s stock valued at $72,724,000 after buying an additional 7,668 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 554,787 shares of the oil and gas company’s stock valued at $45,498,000 after buying an additional 2,469 shares during the period. 50.77% of the stock is owned by institutional investors.
Exxon Mobil Corporation (NYSE XOM) traded down 0.594% during mid-day trading on Monday, reaching $76.185. 2,475,022 shares of the company’s stock were exchanged. The company has a market capitalization of $322.80 billion, a P/E ratio of 27.464 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’s 50 day moving average price is $79.94 and its 200-day moving average price is $81.47.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. On average, equities research analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
Several brokerages have weighed in on XOM. Independent Research GmbH set a $84.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday. Barclays PLC set a $94.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Monday. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil Corporation in a research note on Friday. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research note on Thursday. Finally, Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Exxon Mobil Corporation has a consensus rating of “Hold” and an average target price of $84.90.
In other 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 transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company Profile
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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