Investment Centers of America Inc. Has $11.20 Million Holdings in Exxon Mobil Corporation (XOM)
Investment Centers of America Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 136,853 shares of the oil and gas company’s stock after selling 6,791 shares during the period. Exxon Mobil Corporation makes up approximately 0.9% of Investment Centers of America Inc.’s portfolio, making the stock its 24th biggest holding. Investment Centers of America Inc.’s holdings in Exxon Mobil Corporation were worth $11,195,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in XOM. Horan Securities Inc. acquired a new position in Exxon Mobil Corporation during the 1st quarter valued at about $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Exxon Mobil Corporation by 13.5% in the 1st 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 during the last quarter. Cordasco Financial Network boosted its stake in shares of Exxon Mobil Corporation by 0.6% in the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the last quarter. Diversified Portfolios Inc. purchased a new position in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $224,000. Finally, Colorado Capital Management Inc. purchased a new position in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $235,000. Institutional investors and hedge funds own 50.82% of the company’s stock.
In related news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on the company. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC restated a “hold” rating and issued a $86.00 target price on shares of Exxon Mobil Corporation in a research note on Wednesday, May 17th. BMO Capital Markets boosted their target price on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil Corporation in a research note on Thursday, June 15th. Finally, Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 target price on the stock. in a research note on Tuesday, July 4th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $84.41.
Exxon Mobil Corporation (NYSE XOM) traded down 0.27% on Friday, hitting $78.82. 8,436,033 shares of the stock traded hands. The company’s 50 day moving average price is $78.44 and its 200-day moving average price is $80.89. The stock has a market cap of $333.97 billion, a price-to-earnings ratio of 28.41 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
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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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