166,304 Shares in Exxon Mobil Corporation (NYSE:XOM) Acquired by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. acquired a new position in Exxon Mobil Corporation (NYSE:XOM) during the first quarter, Holdings Channel reports. The fund acquired 166,304 shares of the oil and gas company’s stock, valued at approximately $13,638,000.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Exxon Mobil Corporation during the fourth quarter worth about $3,306,084,000. Schwab Charles Investment Management Inc. boosted its position in Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after buying an additional 51,810 shares during the last quarter. Teachers Advisors LLC boosted its position in Exxon Mobil Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock worth $655,276,000 after buying an additional 471,230 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Exxon Mobil Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 4,703,805 shares of the oil and gas company’s stock worth $385,759,000 after buying an additional 47,545 shares during the last quarter. Hedge funds and other institutional investors own 50.59% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.41% on Friday, hitting $78.65. The stock had a trading volume of 3,126,652 shares. Exxon Mobil Corporation has a 52-week low of $78.27 and a 52-week high of $93.22. The company has a market cap of $333.25 billion, a P/E ratio of 28.35 and a beta of 0.81. The company has a 50-day moving average of $80.58 and a 200-day moving average of $81.80.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The firm 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 dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is presently 111.19%.
XOM has been the subject of a number of research reports. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price objective for the company in a report on Monday, June 5th. HSBC Holdings plc reiterated a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil Corporation in a report on Thursday, April 13th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. Finally, UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, April 25th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil Corporation presently has an average rating of “Hold” and an average price target of $84.98.
In other news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
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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