Beech Hill Advisors Inc. Has $4.10 Million Position in Exxon Mobil Corporation (XOM)
Beech Hill Advisors Inc. boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,785 shares of the oil and gas company’s stock after buying an additional 225 shares during the period. Exxon Mobil Corporation makes up about 2.2% of Beech Hill Advisors Inc.’s holdings, making the stock its 21st largest position. Beech Hill Advisors Inc.’s holdings in Exxon Mobil Corporation were worth $4,100,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at $3,306,084,000. State Street Corp boosted its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after buying an additional 15,740,895 shares during the last quarter. Pioneer Investment Management Inc. boosted its stake in shares of Exxon Mobil Corporation by 142.4% in the first quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock valued at $182,052,000 after buying an additional 1,304,036 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of 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 valued at $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at $72,935,000. 50.59% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.39% during mid-day trading on Thursday, reaching $79.13. 5,911,737 shares of the company’s stock were exchanged. The company’s 50-day moving average is $80.65 and its 200 day moving average is $81.82. The firm has a market capitalization of $335.28 billion, a P/E ratio of 28.53 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $78.27 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.84%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
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Several equities research analysts have weighed in on XOM shares. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $95.00 to $100.00 in a research report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $83.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, May 30th. BMO Capital Markets increased their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reissued a “market perform” rating and set a $82.00 price target (down previously from $90.50) on shares of Exxon Mobil Corporation in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $84.98.
In other news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
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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