First Personal Financial Services Sells 1,281 Shares of Exxon Mobil Co. (XOM)
First Personal Financial Services lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,820 shares of the oil and gas company’s stock after selling 1,281 shares during the period. First Personal Financial Services’ holdings in Exxon Mobil were worth $1,180,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in XOM. Macroview Investment Management LLC bought a new stake in Exxon Mobil in the 1st quarter worth $102,000. Corbyn Investment Management Inc. MD bought a new stake in Exxon Mobil in the 1st quarter worth $110,000. KHP Capital LLC bought a new stake in Exxon Mobil in the 1st quarter worth $111,000. PrairieView Partners LLC bought a new stake in Exxon Mobil in the 4th quarter worth $220,000. Finally, Bellwether Investment Group LLC grew its holdings in Exxon Mobil by 239.0% in the 4th quarter. Bellwether Investment Group LLC now owns 11,372 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 8,017 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $105.00 price target on shares of Exxon Mobil in a report on Wednesday. ValuEngine raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, May 11th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $88.00 price target on shares of Exxon Mobil in a report on Tuesday, July 10th. Barclays raised their price target on shares of Exxon Mobil from $84.00 to $87.00 and gave the stock an “underweight” rating in a report on Wednesday, July 11th. Finally, HSBC reissued a “buy” rating and issued a $88.00 price target on shares of Exxon Mobil in a report on Monday, May 14th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $86.98.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. research analysts expect that Exxon Mobil Co. will post 4.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, August 10th. Exxon Mobil’s payout ratio is 91.36%.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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