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Asset Dedication LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,636 shares of the oil and gas company’s stock after selling 962 shares during the period. Asset Dedication LLC’s holdings in Exxon Mobil Corporation were worth $1,019,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in Exxon Mobil Corporation during the first quarter worth approximately $754,000. Rosenbaum Jay D. boosted its position in shares of Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its position in shares of Exxon Mobil Corporation by 49.1% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 26,823 shares of the oil and gas company’s stock worth $2,421,000 after buying an additional 8,829 shares in the last quarter. Tyers Asset Management LLC purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth $12,144,000. Finally, Total Investment Management Inc. purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth $285,000. 50.59% of the stock is owned by institutional investors.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.96% during midday trading on Friday, hitting $78.21. The stock had a trading volume of 10,192,375 shares. Exxon Mobil Corporation has a one year low of $78.20 and a one year high of $93.22. The firm has a market capitalization of $331.38 billion, a PE ratio of 28.19 and a beta of 0.81. The firm’s 50-day moving average price is $80.50 and its 200-day moving average price is $81.75.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The business also recently declared 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 is currently 111.19%.
A number of research analysts have recently weighed in on the company. Argus restated a “focus list” rating and issued a $104.00 price target (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, April 25th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Simmons lifted their price target on Exxon Mobil Corporation from $76.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, April 19th. Finally, Hilliard Lyons started coverage on Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price target for the company. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has an average 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 value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is 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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