Aull & Monroe Investment Management Corp Raises Stake in Exxon Mobil Corporation (XOM)
Aull & Monroe Investment Management Corp grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,202 shares of the oil and gas company’s stock after acquiring an additional 376 shares during the period. Exxon Mobil comprises approximately 2.0% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 13th biggest holding. Aull & Monroe Investment Management Corp’s holdings in Exxon Mobil were worth $3,729,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of XOM. Vanguard Group Inc. increased its stake in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares during the period. State Street Corp increased its stake in Exxon Mobil by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares during the period. Legal & General Group Plc increased its stake in Exxon Mobil by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after buying an additional 604,537 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Exxon Mobil by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after buying an additional 1,406,529 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Exxon Mobil by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock worth $1,490,398,000 after buying an additional 353,561 shares during the period. 51.18% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Corporation (NYSE:XOM) traded up $0.11 during midday trading on Friday, hitting $82.66. 11,988,473 shares of the stock traded hands, compared to its average volume of 9,561,263. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a market cap of $350,239.19, a price-to-earnings ratio of 23.22, a PEG ratio of 1.73 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same period in the previous year, the business posted $0.63 EPS. equities research analysts expect that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
Several equities research analysts recently issued reports on XOM shares. Vetr downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a research note on Friday, October 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Barclays reaffirmed an “overweight” rating and set a $94.00 price target (up previously from $91.00) on shares of Exxon Mobil in a research note on Friday, October 13th. Morgan Stanley reaffirmed an “underperform” rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Monday, September 25th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $86.14.
In other news, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the transaction, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. Insiders sold a total of 42,513 shares of company stock valued at $3,465,657 over the last ninety days. Company insiders own 0.08% of the company’s stock.
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Exxon Mobil 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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