Private Capital Group LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)
Private Capital Group LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 33.6% during the first quarter, Holdings Channel.com reports. The fund owned 31,055 shares of the oil and gas company’s stock after purchasing an additional 7,813 shares during the quarter. Private Capital Group LLC’s holdings in Exxon Mobil were worth $1,179,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cordasco Financial Network increased its position in shares of Exxon Mobil by 4.2% during the fourth quarter. Cordasco Financial Network now owns 3,778 shares of the oil and gas company’s stock valued at $264,000 after buying an additional 151 shares during the period. Garrett Wealth Advisory Group LLC grew its holdings in Exxon Mobil by 3.5% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 4,704 shares of the oil and gas company’s stock worth $327,000 after purchasing an additional 159 shares during the period. Westhampton Capital LLC grew its holdings in Exxon Mobil by 0.4% in the fourth quarter. Westhampton Capital LLC now owns 38,733 shares of the oil and gas company’s stock worth $2,703,000 after purchasing an additional 161 shares during the period. Lenox Wealth Management Inc. grew its holdings in Exxon Mobil by 11.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,538 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 162 shares during the period. Finally, Price Wealth LLC grew its holdings in Exxon Mobil by 0.7% in the fourth quarter. Price Wealth LLC now owns 22,913 shares of the oil and gas company’s stock worth $1,599,000 after purchasing an additional 163 shares during the period. Institutional investors own 55.61% of the company’s stock.
In other news, Director William C. Weldon acquired 4,591 shares of Exxon Mobil stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $43.56 per share, with a total value of $199,983.96. Following the completion of the purchase, the director now directly owns 30,947 shares in the company, valued at approximately $1,348,051.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William C. Weldon acquired 4,180 shares of Exxon Mobil stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $48.09 per share, with a total value of $201,016.20. Following the completion of the purchase, the director now owns 30,947 shares of the company’s stock, valued at $1,488,241.23. The disclosure for this purchase can be found here. Over the last three months, insiders bought 38,771 shares of company stock valued at $1,493,300. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The business had revenue of $56.16 billion during the quarter, compared to analysts’ expectations of $58.25 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was down 11.7% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post -0.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.29%. Exxon Mobil’s dividend payout ratio is currently 154.67%.
XOM has been the topic of a number of recent research reports. HSBC restated a “neutral” rating and issued a $48.00 price objective on shares of Exxon Mobil in a report on Thursday, March 12th. CSFB reiterated a “neutral” rating and issued a $48.00 target price on shares of Exxon Mobil in a research note on Thursday, March 12th. Cfra downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating and upped their target price for the stock from $41.00 to $43.00 in a research note on Thursday, April 30th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Finally, BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $56.65.
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
See Also: Net Income
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