Managed Account Services Inc. Has $607,000 Position in Exxon Mobil Corporation (XOM)
Managed Account Services Inc. lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,520 shares of the oil and gas company’s stock after buying an additional 2 shares during the quarter. Managed Account Services Inc.’s holdings in Exxon Mobil Corporation were worth $607,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. grew its stake in shares of Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares in the last quarter. Horan Securities Inc. grew its stake in shares of Exxon Mobil Corporation by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares in the last quarter. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation in the first quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Exxon Mobil Corporation by 13.5% in the first 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 in the last quarter. Finally, David R. Rahn & Associates Inc. bought a new position in shares of Exxon Mobil Corporation in the second quarter valued at $207,000. 50.83% of the stock is owned by institutional investors and hedge funds.
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In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.
Exxon Mobil Corporation (NYSE:XOM) opened at $83.58 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a market capitalization of $354,140.00, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.21.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter in the previous year, the firm earned $0.63 earnings per share. sell-side analysts forecast that Exxon Mobil Corporation will post 3.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is 100.33%.
Several equities analysts recently weighed in on the stock. Vetr cut shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Friday, October 6th. Royal Bank Of Canada set a $90.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $80.00 price objective (down from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Monday, August 21st. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus target price of $85.57.
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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