Peachtree Investment Advisors Inc. Sells 538 Shares of Exxon Mobil Corporation (XOM)
Peachtree Investment Advisors Inc. decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,566 shares of the oil and gas company’s stock after selling 538 shares during the quarter. Peachtree Investment Advisors Inc.’s holdings in Exxon Mobil Corporation were worth $449,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in XOM. Union Bankshares Corp increased its position in shares of Exxon Mobil Corporation by 4.0% during the 2nd quarter. Union Bankshares Corp now owns 107,722 shares of the oil and gas company’s stock valued at $8,697,000 after purchasing an additional 4,131 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its position in Exxon Mobil Corporation by 33.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,152,057 shares of the oil and gas company’s stock worth $93,005,000 after buying an additional 286,330 shares during the last quarter. Stokes & Hubbell Capital Management LLC lifted its position in Exxon Mobil Corporation by 6.0% in the second quarter. Stokes & Hubbell Capital Management LLC now owns 157,756 shares of the oil and gas company’s stock worth $12,736,000 after buying an additional 8,873 shares during the last quarter. Pennsylvania Trust Co lifted its position in Exxon Mobil Corporation by 34.3% in the second quarter. Pennsylvania Trust Co now owns 595,681 shares of the oil and gas company’s stock worth $48,089,000 after buying an additional 152,098 shares during the last quarter. Finally, Narwhal Capital Management lifted its position in Exxon Mobil Corporation by 9.8% in the second quarter. Narwhal Capital Management now owns 83,506 shares of the oil and gas company’s stock worth $6,741,000 after buying an additional 7,460 shares during the last quarter. Hedge funds and other institutional investors own 50.74% of the company’s stock.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the business’s 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 owns 231,572 shares in the company, valued at $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 business’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 value of $88,253.00. Following the sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.32% on Tuesday, reaching $81.89. The company had a trading volume of 2,996,489 shares. The firm’s 50 day moving average is $78.67 and its 200 day moving average is $80.73. The firm has a market capitalization of $346.98 billion, a PE ratio of 29.52 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, equities research analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
Several equities analysts recently commented on the stock. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, September 18th. Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price on the stock. in a research note on Tuesday, June 6th. Hilliard Lyons started coverage on Exxon Mobil Corporation in a research note on Wednesday, June 7th. They set a “term buy” rating and a $90.00 target price on the stock. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $80.00 price target (down from $81.00) on shares of Exxon Mobil Corporation in a research note on Friday, August 18th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus target price of $84.75.
Exxon Mobil Corporation 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.
Receive News & Stock Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related stocks with our FREE daily email newsletter.