Viking Fund Management LLC Buys 15,100 Shares of Exxon Mobil Corporation (XOM)
Viking Fund Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 9.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 182,750 shares of the oil and gas company’s stock after buying an additional 15,100 shares during the period. Exxon Mobil Corporation makes up 2.3% of Viking Fund Management LLC’s portfolio, making the stock its 12th largest position. Viking Fund Management LLC’s holdings in Exxon Mobil Corporation were worth $14,753,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. CNA Financial Corp boosted its stake in shares of Exxon Mobil Corporation by 23.1% in the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after buying an additional 3,725 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Exxon Mobil Corporation during the first quarter worth about $754,000. Rosenbaum Jay D. boosted its stake in shares of Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares during the period. Pinnacle Advisory Group Inc. boosted its stake in shares of Exxon Mobil Corporation by 4.6% in the first quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock worth $1,673,000 after buying an additional 891 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake 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 worth $45,498,000 after buying an additional 2,469 shares during the period. 50.77% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Corporation (NYSE:XOM) traded up 0.6866% during trading on Tuesday, reaching $76.9044. The company had a trading volume of 3,731,252 shares. The company has a market capitalization of $325.85 billion, a PE ratio of 27.7233 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The firm’s 50 day moving average is $79.82 and its 200 day moving average is $81.39.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results 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. The firm had revenue of $62.88 billion during 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 firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
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XOM has been the topic of a number of recent research reports. Zacks Investment Research raised Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BMO Capital Markets set a $78.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. BNP Paribas reissued a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil Corporation in a report on Wednesday, July 5th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 price objective on the stock in a report on Monday, July 10th. Finally, Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $84.90.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.
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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