Exxon Mobil Corp. (XOM) Position Increased by Signaturefd LLC
Signaturefd LLC raised its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,518 shares of the company’s stock after buying an additional 4,230 shares during the period. Exxon Mobil Corp. makes up approximately 0.5% of Signaturefd LLC’s holdings, making the stock its 19th largest position. Signaturefd LLC’s holdings in Exxon Mobil Corp. were worth $3,704,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Lynch & Associates IN raised its position in shares of Exxon Mobil Corp. by 9.5% in the fourth quarter. Lynch & Associates IN now owns 105,604 shares of the company’s stock valued at $8,232,000 after buying an additional 9,128 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC purchased a new position in shares of Exxon Mobil Corp. during the fourth quarter worth $1,237,000. Hendley & Co. Inc. raised its position in shares of Exxon Mobil Corp. by 0.3% in the fourth quarter. Hendley & Co. Inc. now owns 42,555 shares of the company’s stock worth $3,317,000 after buying an additional 109 shares in the last quarter. Cornerstone Advisory LLP purchased a new position in shares of Exxon Mobil Corp. during the fourth quarter worth $1,648,000. Finally, Perigon Wealth Management LLC raised its position in shares of Exxon Mobil Corp. by 6.4% in the fourth quarter. Perigon Wealth Management LLC now owns 57,149 shares of the company’s stock worth $4,455,000 after buying an additional 3,440 shares in the last quarter. 50.41% of the stock is currently owned by institutional investors.
Exxon Mobil Corp. (NYSE:XOM) traded down 1.23% during midday trading on Friday, reaching $84.03. The company’s stock had a trading volume of 21,538,409 shares. The stock has a market capitalization of $348.44 billion, a PE ratio of 33.37 and a beta of 0.78. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The firm’s 50-day moving average price is $87.89 and its 200-day moving average price is $88.05.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corp. will post $2.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio is currently 119.05%.
A number of research analysts have recently weighed in on XOM shares. Credit Agricole SA reissued a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, September 8th. Collins Stewart reissued a “hold” rating and issued a $83.50 price objective on shares of Exxon Mobil Corp. in a report on Sunday, September 11th. JPMorgan Chase & Co. set a $95.00 price objective on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Monday, July 11th. Finally, Morningstar Inc. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $86.69.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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