Stillwater Capital Advisors LLC Purchases 3,443 Shares of Exxon Mobil Corporation (XOM)
Stillwater Capital Advisors LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,294 shares of the oil and gas company’s stock after buying an additional 3,443 shares during the period. Exxon Mobil Corporation accounts for 2.1% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 26th largest position. Stillwater Capital Advisors LLC’s holdings in Exxon Mobil Corporation were worth $8,420,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Horan Securities Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $102,000. Watermark Asset Management Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% during the 1st 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 last quarter. Cordasco Financial Network lifted its position in shares of Exxon Mobil Corporation by 0.6% during the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the last quarter. Finally, Diversified Portfolios Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $224,000. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on XOM. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. BMO Capital Markets upped their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, June 15th. Jefferies Group LLC reaffirmed a “neutral” rating and set a $92.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, July 4th. Finally, Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target on the stock. in a research report on Tuesday, July 4th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $84.65.
In other Exxon Mobil Corporation 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 sale, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.206% during trading on Monday, hitting $79.905. The stock had a trading volume of 3,102,954 shares. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The company has a market cap of $338.57 billion, a PE ratio of 28.805 and a beta of 0.82. The stock has a 50 day moving average of $78.36 and a 200 day moving average of $80.83.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Corporation will post $3.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.86%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
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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