Dakota Wealth Management cut its position in Exxon Mobil Co. (NYSE:XOM) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,929 shares of the oil and gas company’s stock after selling 3,468 shares during the period. Dakota Wealth Management’s holdings in Exxon Mobil were worth $3,520,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Canandaigua National Bank & Trust Co. raised its stake in Exxon Mobil by 1.3% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock worth $20,116,000 after purchasing an additional 3,357 shares in the last quarter. Krueger & Catalano Capital Partners LLC grew its holdings in shares of Exxon Mobil by 61.2% during the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after purchasing an additional 4,525 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of Exxon Mobil by 0.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after purchasing an additional 1,440 shares during the last quarter. Mount Vernon Associates Inc. MD grew its holdings in Exxon Mobil by 83.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock worth $1,029,000 after acquiring an additional 6,103 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its holdings in Exxon Mobil by 2.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock worth $19,158,000 after acquiring an additional 4,922 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.
A number of equities research analysts have weighed in on XOM shares. Berenberg Bank reissued a “hold” rating and set a $76.00 target price on shares of Exxon Mobil in a report on Wednesday, August 7th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a research note on Friday, August 2nd. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average price target of $81.13.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.05% of the company’s stock.
Shares of Exxon Mobil stock opened at $72.64 on Friday. The company’s 50-day moving average price is $70.46 and its 200-day moving average price is $75.97. The company has a market cap of $304.56 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.15 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same period last year, the firm posted $0.92 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 3.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
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.
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2019-09-15 11:28:39Z
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