Howard Capital Management Sells 1,806 Shares of Exxon Mobil Corporation (XOM)
Howard Capital Management decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,627 shares of the oil and gas company’s stock after selling 1,806 shares during the period. Howard Capital Management’s holdings in Exxon Mobil Corporation were worth $6,993,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the first quarter worth $102,000. Riggs Asset Managment Co. Inc. raised its stake 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 worth $110,000 after buying an additional 292 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in Exxon Mobil Corporation during the first quarter worth $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake 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 worth $152,000 after buying an additional 220 shares in the last quarter. 50.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corporation (XOM) traded down 0.3909% on Monday, hitting $76.4201. 2,694,529 shares of the stock were exchanged. The firm’s 50-day moving average is $79.36 and its 200-day moving average is $81.22. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The company has a market cap of $323.80 billion, a P/E ratio of 27.5487 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the previous year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
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A number of research firms have recently weighed in on XOM. Maxim Group began coverage on Exxon Mobil Corporation in a research report on Thursday, May 11th. They set a “hold” rating on the stock. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $95.00 to $100.00 in a report on Thursday, May 11th. Vetr lowered Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price on the stock. in a report on Tuesday, June 6th. Hilliard Lyons started coverage on Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 target price on the stock. Finally, Royal Bank Of Canada set a $96.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.56.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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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