Retirement Income Solutions Inc Has $672,000 Holdings in Exxon Mobil Co. (XOM)
Retirement Income Solutions Inc grew its position in Exxon Mobil Co. (NYSE:XOM) by 29.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,905 shares of the oil and gas company’s stock after purchasing an additional 1,791 shares during the quarter. Exxon Mobil comprises about 0.4% of Retirement Income Solutions Inc’s portfolio, making the stock its 24th largest holding. Retirement Income Solutions Inc’s holdings in Exxon Mobil were worth $672,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kwmg LLC bought a new position in Exxon Mobil in the second quarter valued at $102,000. WESPAC Advisors SoCal LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at about $110,000. Camarda Financial Advisors LLC grew its position in shares of Exxon Mobil by 175.2% in the 3rd quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,167 shares during the period. Mainstay Capital Management LLC ADV grew its position in shares of Exxon Mobil by 112.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,000 shares during the period. Finally, Smart Portfolios LLC grew its position in shares of Exxon Mobil by 97.8% in the 2nd quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 53.08% of the company’s stock.
A number of brokerages have recently commented on XOM. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Thursday, October 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $81.00 price objective on shares of Exxon Mobil in a research report on Monday, November 19th. Royal Bank of Canada set a $95.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Friday, February 1st. Goldman Sachs Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, February 1st. Finally, Barclays set a $82.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Monday, February 4th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $83.70.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The business had revenue of $71.90 billion during the quarter, compared to analysts’ expectations of $78.87 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 3.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Friday, February 8th. Exxon Mobil’s dividend payout ratio (DPR) is 66.53%.
In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,522 shares of Exxon Mobil stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.41, for a total value of $746,620.02. Following the completion of the sale, the insider now owns 249,122 shares in the company, valued at approximately $19,533,656.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Neil A. Hansen sold 2,798 shares of Exxon Mobil stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $76.81, for a total transaction of $214,914.38. Following the completion of the sale, the vice president now owns 32,800 shares of the company’s stock, valued at approximately $2,519,368. The disclosure for this sale can be found here. Insiders sold a total of 58,587 shares of company stock valued at $4,507,808 in the last quarter. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Company Profile
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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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