Exxon Mobil Corporation (XOM) Holdings Trimmed by Wheatland Advisors Inc.
Wheatland Advisors Inc. lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,203 shares of the oil and gas company’s stock after selling 100 shares during the period. Wheatland Advisors Inc.’s holdings in Exxon Mobil Corporation were worth $662,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in XOM. Riggs Asset Managment Co. Inc. raised its stake in shares of 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 worth $110,000 after buying an additional 292 shares in the last quarter. Horan Securities Inc. raised its stake in shares of Exxon Mobil Corporation by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of 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 worth $152,000 after buying an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. bought a new stake in shares of Exxon Mobil Corporation in the 2nd quarter worth $207,000. 50.84% of the stock is currently owned by hedge funds and other institutional investors.
XOM has been the topic of a number of research reports. Royal Bank Of Canada set a $88.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Citigroup Inc. dropped their price objective on Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.47 price objective on the stock in a research note on Monday, July 24th. Jefferies Group LLC set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $85.78.
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 value of $1,807,042.56. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by insiders.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at $80.56 on Friday. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The firm has a market capitalization of $341,340.00, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. sell-side analysts expect that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a $0.77 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.82%. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
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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