Moloney Securities Asset Management LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,982 shares of the oil and gas company’s stock after buying an additional 3,255 shares during the period. Exxon Mobil Corporation accounts for 1.3% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Moloney Securities Asset Management LLC’s holdings in Exxon Mobil Corporation were worth $2,541,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in XOM. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at about $101,000. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation during the first quarter valued at about $102,000. Empirical Finance LLC bought a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at about $172,000. Cordasco Financial Network boosted its position in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the last quarter. Finally, Colorado Capital Management Inc. bought a new position in shares of Exxon Mobil Corporation during the first quarter valued at about $235,000. Institutional investors own 50.59% of the company’s stock.
Exxon Mobil Corporation (XOM) traded down 0.96% during trading on Friday, reaching $78.21. The company had a trading volume of 10,192,375 shares. The company has a 50-day moving average price of $80.50 and a 200 day moving average price of $81.75. The stock has a market cap of $331.38 billion, a PE ratio of 28.19 and a beta of 0.81. Exxon Mobil Corporation has a 52-week low of $78.20 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.94%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
XOM has been the subject of several recent research reports. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price objective for the company in a research note on Monday, June 5th. HSBC Holdings plc reiterated a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil Corporation in a research note on Thursday, April 13th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Finally, UBS AG set a $77.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, April 25th. 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 issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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 value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.
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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