White Pine Investment CO raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,185 shares of the oil and gas company’s stock after buying an additional 385 shares during the period. White Pine Investment CO’s holdings in Exxon Mobil Corporation were worth $1,145,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter worth $102,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after buying an additional 292 shares during the period. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter worth $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 50.59% of the company’s stock.
Exxon Mobil Corporation (XOM) traded down 0.61% during mid-day trading on Friday, reaching $78.49. 4,754,349 shares of the company traded hands. The stock has a market capitalization of $332.57 billion, a PE ratio of 28.29 and a beta of 0.81. The firm’s 50-day moving average is $80.58 and its 200 day moving average is $81.80. Exxon Mobil Corporation has a 52-week low of $78.27 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. On average, equities research analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
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A number of brokerages recently weighed in on XOM. Maxim Group began coverage on shares of Exxon Mobil Corporation in a report on Thursday, May 11th. They issued a “hold” rating for the company. Bank of America Corporation upgraded shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $100.00 in a report on Thursday, May 11th. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective for the company. in a report on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. Finally, Hilliard Lyons began coverage on shares of Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price objective for the company. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $84.98.
In other news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.
Exxon Mobil Corporation Company Profile
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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