HM Payson & Co. raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 895,412 shares of the oil and gas company’s stock after buying an additional 12,593 shares during the period. Exxon Mobil Corporation comprises 3.3% of HM Payson & Co.’s holdings, making the stock its 2nd largest position. HM Payson & Co.’s holdings in Exxon Mobil Corporation were worth $73,433,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Thomas J. Herzfeld Advisors Inc. purchased a new position in Exxon Mobil Corporation during the fourth quarter worth approximately $101,000. Horan Securities Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth approximately $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in 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 last quarter. Cordasco Financial Network boosted its position in 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 worth $191,000 after buying an additional 15 shares during the last quarter. Finally, Diversified Portfolios Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth approximately $224,000. 50.77% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corporation (NYSE XOM) traded down 0.12% during trading on Friday, hitting $76.17. 3,932,592 shares of the stock traded hands. The company has a 50-day moving average price of $80.06 and a 200 day moving average price of $81.53. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a market cap of $322.74 billion, a PE ratio of 27.46 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter last year, the business posted $0.41 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts expect that Exxon Mobil Corporation will post $3.43 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 paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.04%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
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A number of research firms have recently commented on XOM. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research report on Thursday. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Royal Bank Of Canada set a $90.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. HSBC Holdings plc set a $81.50 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average 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 directly owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a 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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