C.V. Starr & Co. Inc. Trust maintained its position in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,000 shares of the oil and gas company’s stock at the close of the second quarter. Exxon Mobil Corporation accounts for about 1.4% of C.V. Starr & Co. Inc. Trust’s investment portfolio, making the stock its 26th biggest holding. C.V. Starr & Co. Inc. Trust’s holdings in Exxon Mobil Corporation were worth $3,229,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. boosted its stake in 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 in the last quarter. Horan Securities Inc. boosted its stake in Exxon Mobil Corporation by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares in the last quarter. Watermark Asset Management Inc. purchased a new stake in Exxon Mobil Corporation in the first quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake 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 in the last quarter. Finally, David R. Rahn & Associates Inc. purchased a new stake in Exxon Mobil Corporation in the second quarter worth approximately $207,000. Institutional investors own 50.82% of the company’s stock.
Several brokerages have issued reports on XOM. TheStreet raised Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Goldman Sachs Group, Inc. (The) set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company set a $84.00 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday. Zacks Investment Research raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Thursday, October 26th. Finally, Jefferies Group LLC set a $84.00 target price on Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Thursday, October 19th. Five equities research 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $85.75.
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Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.30% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period in the prior year, the business earned $0.63 EPS.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is 100.33%.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Reinemund sold 1,100 shares of the company’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 disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate 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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