Philadelphia Trust Co. Sells 990 Shares of Exxon Mobil Co. (NYSE:XOM)
Philadelphia Trust Co. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,530 shares of the oil and gas company’s stock after selling 990 shares during the period. Philadelphia Trust Co.’s holdings in Exxon Mobil were worth $1,794,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of XOM. Horan Securities Inc. increased its holdings in Exxon Mobil by 110.6% in the 4th quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 313 shares in the last quarter. Clark Financial Advisors purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $28,000. Bellwether Advisors LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $32,000. Professional Financial Advisors LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $34,000. Finally, Holloway Wealth Management LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 50.90% of the company’s stock.
Several research analysts have weighed in on XOM shares. The Goldman Sachs Group restated a “buy” rating and issued a $55.00 price target on shares of Exxon Mobil in a research note on Thursday, February 4th. Credit Suisse Group upped their price target on Exxon Mobil from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 16th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Exxon Mobil from $33.00 to $39.00 in a research report on Wednesday, December 9th. Mizuho started coverage on Exxon Mobil in a research report on Tuesday, January 12th. They issued a “neutral” rating and a $49.00 price target for the company. Finally, Smith Barney Citigroup raised their price target on Exxon Mobil from $33.00 to $39.00 in a research report on Wednesday, December 9th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $48.67.
Exxon Mobil (NYSE:XOM) last released its earnings results on Monday, February 1st. The oil and gas company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The business had revenue of $46.54 billion during the quarter, compared to analysts’ expectations of $48.76 billion. During the same quarter in the previous year, the company earned $1.33 earnings per share. The company’s quarterly revenue was down 30.7% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, February 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.41%. Exxon Mobil’s payout ratio is currently 154.67%.
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.
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