3,716 Shares in Exxon Mobil Corporation (XOM) Purchased by Flaharty Asset Management LLC
Flaharty Asset Management LLC purchased a new position in Exxon Mobil Corporation (NYSE:XOM) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,716 shares of the oil and gas company’s stock, valued at approximately $307,000.
Several other large investors also recently modified their holdings of the company. Shelton Capital Management lifted its stake in shares of Exxon Mobil Corporation by 9.1% in the 1st quarter. Shelton Capital Management now owns 240,038 shares of the oil and gas company’s stock worth $19,686,000 after acquiring an additional 20,116 shares during the period. Sterneck Capital Management LLC lifted its stake in shares of Exxon Mobil Corporation by 35.3% in the 1st quarter. Sterneck Capital Management LLC now owns 7,094 shares of the oil and gas company’s stock worth $582,000 after acquiring an additional 1,851 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $11,959,000. Day & Ennis LLC lifted its stake in shares of Exxon Mobil Corporation by 1.4% in the 1st quarter. Day & Ennis LLC now owns 41,367 shares of the oil and gas company’s stock worth $3,392,000 after acquiring an additional 568 shares during the period. Finally, Pentwater Capital Management LP acquired a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $2,706,000. 50.82% of the stock is owned by institutional investors.
Exxon Mobil Corporation (NYSE XOM) traded up 0.603% during mid-day trading on Monday, hitting $79.295. 4,123,298 shares of the company traded hands. The company’s 50-day moving average is $78.39 and its 200-day moving average is $80.89. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a market capitalization of $335.98 billion, a price-to-earnings ratio of 28.585 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last issued 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 return on equity of 7.62% and a net margin of 4.75%. The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the previous year, the company earned $0.41 earnings per share. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts predict that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given 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 is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target for the company. in a research note on Tuesday, June 6th. Hilliard Lyons assumed coverage on shares of Exxon Mobil Corporation in a research note on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price target for the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $80.00 price target (down from $81.00) on shares of Exxon Mobil Corporation in a research note on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday, August 21st. Seven analysts have rated the stock with a sell rating, seventeen have issued 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 an average rating of “Hold” and an average price target of $84.41.
In other news, Director Steven Reinemund sold 1,100 shares of the company’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 transaction of $88,253.00. Following the transaction, the director now directly 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 Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
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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