Logan Capital Management Inc. decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 1.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 96,293 shares of the oil and gas company’s stock after selling 1,701 shares during the period. Logan Capital Management Inc.’s holdings in Exxon Mobil Corporation were worth $7,897,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cambrian Capital Limited Partnership bought a new position in Exxon Mobil Corporation during the first quarter worth $4,183,000. Schwab Charles Investment Management Inc. boosted its position in Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the period. Stockman Wealth Management Inc. boosted its position in Exxon Mobil Corporation by 25.1% in the first quarter. Stockman Wealth Management Inc. now owns 63,541 shares of the oil and gas company’s stock worth $5,211,000 after buying an additional 12,759 shares during the period. SRS Capital Advisors Inc. boosted its position in Exxon Mobil Corporation by 8.4% in the first quarter. SRS Capital Advisors Inc. now owns 4,527 shares of the oil and gas company’s stock worth $371,000 after buying an additional 352 shares during the period. Finally, Columbia Asset Management bought a new position in Exxon Mobil Corporation during the first quarter worth $4,914,000. 50.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.43% on Friday, hitting $78.63. 3,095,798 shares of the stock traded hands. The stock has a market cap of $333.16 billion, a price-to-earnings ratio of 28.35 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $78.27 and a one year high of $93.22. The company’s 50 day moving average is $80.58 and its 200 day moving average is $81.80.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.90%. Exxon Mobil Corporation’s payout ratio is presently 111.19%.
A number of equities analysts have recently weighed in on the stock. Vetr cut shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price target on the stock. in a research note on Wednesday. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. HSBC Holdings plc set a $81.50 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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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