Exxon Mobil Corporation (XOM) Position Cut by Johanson Financial Advisors Inc.
Johanson Financial Advisors Inc. lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,159 shares of the oil and gas company’s stock after selling 1,675 shares during the quarter. Exxon Mobil Corporation comprises 0.9% of Johanson Financial Advisors Inc.’s portfolio, making the stock its 28th biggest holding. Johanson Financial Advisors Inc.’s holdings in Exxon Mobil Corporation were worth $1,141,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of XOM. State Street Corp raised its stake in Exxon Mobil Corporation by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after purchasing an additional 15,740,895 shares during the period. Pioneer Investment Management Inc. raised its stake in Exxon Mobil Corporation by 142.4% during the 1st quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock valued at $182,052,000 after purchasing an additional 1,304,036 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Exxon Mobil Corporation by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock valued at $1,567,780,000 after purchasing an additional 1,150,881 shares during the period. State of Tennessee Treasury Department raised its stake in Exxon Mobil Corporation by 28.5% during the 1st quarter. State of Tennessee Treasury Department now owns 3,214,501 shares of the oil and gas company’s stock valued at $263,621,000 after purchasing an additional 712,959 shares during the period. Finally, Achmea Investment Management B.V. bought a new stake in Exxon Mobil Corporation during the 1st quarter valued at approximately $33,415,000. 50.74% of the stock is currently owned by institutional investors.
Exxon Mobil Corporation (XOM) traded up 0.96% during mid-day trading on Thursday, hitting $82.21. The stock had a trading volume of 5,851,301 shares. The company has a 50 day moving average price of $78.37 and a 200 day moving average price of $80.77. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a market cap of $348.33 billion, a P/E ratio of 29.64 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were paid a dividend of $0.77 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.81%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s 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 sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.
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XOM has been the subject of several research analyst reports. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price target for the company in a report on Monday, June 5th. Cowen and Company reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil Corporation in a report on Tuesday, September 19th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada cut Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $96.00 to $95.00 in a report on Thursday, July 6th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued 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 $84.65.
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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