First American Bank lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,644 shares of the oil and gas company’s stock after selling 1,375 shares during the quarter. First American Bank’s holdings in Exxon Mobil were worth $9,015,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. G&S Capital LLC boosted its position in shares of Exxon Mobil by 5.3% during the second quarter. G&S Capital LLC now owns 17,061 shares of the oil and gas company’s stock worth $1,307,000 after buying an additional 857 shares during the period. Davy Asset Management Ltd acquired a new position in shares of Exxon Mobil during the second quarter worth about $3,595,000. FDx Advisors Inc. boosted its position in shares of Exxon Mobil by 1.4% during the second quarter. FDx Advisors Inc. now owns 89,743 shares of the oil and gas company’s stock worth $6,877,000 after buying an additional 1,240 shares during the period. QV Investors Inc. boosted its position in shares of Exxon Mobil by 59.8% during the second quarter. QV Investors Inc. now owns 453,795 shares of the oil and gas company’s stock worth $34,774,000 after buying an additional 169,904 shares during the period. Finally, Telos Capital Management Inc. boosted its position in shares of Exxon Mobil by 3.8% during the second quarter. Telos Capital Management Inc. now owns 44,742 shares of the oil and gas company’s stock worth $3,429,000 after buying an additional 1,628 shares during the period. Institutional investors and hedge funds own 54.52% of the company’s stock.
Several research analysts have recently weighed in on XOM shares. Goldman Sachs Group reaffirmed a “hold” rating and set a $80.00 price objective on shares of Exxon Mobil in a research report on Monday, April 29th. Bank of America reaffirmed a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Monday. Tudor Pickering started coverage on Exxon Mobil in a research report on Monday, April 8th. They set a “hold” rating and a $82.49 price objective for the company. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research report on Friday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Exxon Mobil in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $83.29.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 3.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 4.85%. Exxon Mobil’s dividend payout ratio is 70.59%.
In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the sale, the vice president now owns 219,423 shares in the company, valued at $16,750,751.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by corporate insiders.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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https://slatersentinel.com/news/2019/08/05/first-american-bank-sells-1375-shares-of-exxon-mobil-co-nysexom.html
2019-08-05 10:37:53Z
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