Stearns Financial Services Group Has $3.45 Million Stake in Exxon Mobil Corporation (XOM)
Stearns Financial Services Group trimmed its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,733 shares of the oil and gas company’s stock after selling 1,029 shares during the period. Exxon Mobil Corporation accounts for approximately 0.8% of Stearns Financial Services Group’s holdings, making the stock its 22nd largest position. Stearns Financial Services Group’s holdings in Exxon Mobil Corporation were worth $3,450,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. CNA Financial Corp increased its stake in shares of Exxon Mobil Corporation by 23.1% in the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after purchasing an additional 3,725 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth $754,000. Doyle Wealth Management increased its stake in shares of Exxon Mobil Corporation by 2.7% in the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock worth $20,935,000 after purchasing an additional 6,921 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Exxon Mobil Corporation by 1.6% in the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock worth $65,262,000 after purchasing an additional 12,362 shares in the last quarter. Finally, Holderness Investments Co. increased its stake in shares of Exxon Mobil Corporation by 48.1% in the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock worth $3,962,000 after purchasing an additional 15,687 shares in the last quarter. Hedge funds and other institutional investors own 50.84% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) opened at $80.24 on Friday. 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 has a 1 year low of $76.05 and a 1 year high of $93.22. The firm has a market cap of $341,340.00, a PE ratio of 23.10, a P/E/G ratio of 1.74 and a beta of 0.83.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same period in the prior year, the company posted $0.63 EPS. equities research analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 100.33%.
A number of equities research analysts have issued reports on XOM shares. Cowen and Company reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Royal Bank Of Canada cut their price target on Exxon Mobil Corporation from $90.00 to $85.00 and set a “sector perform” rating for the company in a research note on Thursday. BNP Paribas set a $75.00 price target on Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Wednesday. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target for the company. in a research note on Thursday, September 28th. Finally, Goldman Sachs Group, Inc. (The) set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday, October 30th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $85.78.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
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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