Vontobel Swiss Wealth Advisors AG Sells 700 Shares of Exxon Mobil Corporation (XOM)
Vontobel Swiss Wealth Advisors AG cut its position in Exxon Mobil Corporation (NYSE:XOM) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,750 shares of the oil and gas company’s stock after selling 700 shares during the quarter. Vontobel Swiss Wealth Advisors AG’s holdings in Exxon Mobil Corporation were worth $545,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation in the 1st quarter valued at about $102,000. Riggs Asset Managment Co. Inc. lifted its position in Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 292 shares during the last quarter. Watermark Asset Management Inc. bought a new stake in Exxon Mobil Corporation in the 1st quarter valued at about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in 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 valued at $152,000 after purchasing an additional 220 shares during the last quarter. Finally, Cordasco Financial Network lifted its position in 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 valued at $191,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 50.74% of the company’s stock.
Exxon Mobil Corporation (NYSE XOM) traded down 0.26% during mid-day trading on Friday, hitting $81.98. 9,943,991 shares of the company traded hands. The company’s 50-day moving average price is $78.37 and its 200 day moving average price is $80.77. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The company has a market capitalization of $347.36 billion, a price-to-earnings ratio of 29.55 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last posted 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). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the previous year, the company posted $0.41 earnings per share. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The firm also recently announced 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 dividend on an annualized basis and a yield of 3.76%. Exxon Mobil Corporation’s payout ratio is 111.19%.
Several brokerages recently weighed in on XOM. Royal Bank Of Canada set a $90.00 price objective on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Tuesday, August 29th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target on the stock. in a research report on Tuesday, June 6th. Hilliard Lyons started coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 price target on the stock. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $80.00 price target (down from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.67.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was 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 directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the 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 sale, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
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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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