North American Management Corp Trims Position in Exxon Mobil Co. (NYSE:XOM) - Tech Know Bits

Exxon Mobil logo North American Management Corp lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,443 shares of the oil and gas company’s stock after selling 396 shares during the period. North American Management Corp’s holdings in Exxon Mobil were worth $2,026,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Strategic Family Wealth Counselors L.L.C. purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $484,000. Gagnon Securities LLC increased its holdings in Exxon Mobil by 3.1% during the fourth quarter. Gagnon Securities LLC now owns 15,797 shares of the oil and gas company’s stock valued at $1,077,000 after buying an additional 473 shares during the last quarter. Truewealth LLC increased its holdings in Exxon Mobil by 9.4% during the fourth quarter. Truewealth LLC now owns 15,665 shares of the oil and gas company’s stock valued at $1,068,000 after buying an additional 1,346 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $1,013,000. Finally, Carlson Capital Management increased its holdings in Exxon Mobil by 4.4% during the fourth quarter. Carlson Capital Management now owns 8,476 shares of the oil and gas company’s stock valued at $578,000 after buying an additional 358 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

Shares of Exxon Mobil stock traded down $2.08 during trading on Friday, hitting $67.49. The stock had a trading volume of 11,711,461 shares, compared to its average volume of 12,617,432. The firm’s fifty day simple moving average is $73.15 and its 200-day simple moving average is $76.66. The stock has a market cap of $294.99 billion, a PE ratio of 13.69, a PEG ratio of 2.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. Analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.16%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is presently 70.59%.

A number of brokerages have recently issued reports on XOM. Credit Suisse Group set a $74.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. HSBC restated a “neutral” rating and set a $86.50 target price on shares of Exxon Mobil in a research report on Thursday, May 23rd. Royal Bank of Canada restated a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research report on Friday, August 2nd. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $81.83.

In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.05% of the company’s stock.

About Exxon Mobil

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.