Founders Capital Management LLC Has $316,000 Stake in Exxon Mobil Co. (XOM)
Founders Capital Management LLC maintained its position in shares of Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,094 shares of the oil and gas company’s stock at the end of the second quarter. Founders Capital Management LLC’s holdings in Exxon Mobil were worth $316,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $101,000. Horan Securities Inc. acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. increased its position in shares of Exxon Mobil 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 period. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Exxon Mobil 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 period. 50.81% of the stock is currently owned by institutional investors.
Shares of Exxon Mobil Co. (XOM) traded down 0.281% on Wednesday, hitting $76.235. The stock had a trading volume of 3,033,551 shares. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $93.22. The firm has a market cap of $323.02 billion, a PE ratio of 27.482 and a beta of 0.81. The firm’s 50-day moving average price is $79.36 and its 200 day moving average price is $81.22.
Exxon Mobil (NYSE:XOM) last issued its 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. Exxon Mobil had a net margin of 5.37% and a return on equity of 7.54%. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post $3.42 EPS for the current year.
The business also recently announced 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. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 4.03%. Exxon Mobil’s payout ratio is currently 111.19%.
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A number of equities analysts have recently issued reports on XOM shares. UBS AG set a $75.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research report on Thursday, June 8th. Scotiabank set a $86.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research report on Saturday, June 17th. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price target on the stock in a research report on Tuesday. Royal Bank Of Canada set a $90.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, Independent Research GmbH set a $84.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, August 21st. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.37.
In other Exxon Mobil news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil 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 completion of the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
Exxon Mobil 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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