Davis R M Inc. Has $42.47 Million Position in Exxon Mobil Corporation (XOM)
Davis R M Inc. increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526,118 shares of the oil and gas company’s stock after purchasing an additional 3,542 shares during the period. Exxon Mobil Corporation makes up approximately 1.8% of Davis R M Inc.’s investment portfolio, making the stock its 13th largest holding. Davis R M Inc.’s holdings in Exxon Mobil Corporation were worth $42,474,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Norris Perne & French LLP MI lifted its holdings in Exxon Mobil Corporation by 4.9% during the second quarter. Norris Perne & French LLP MI now owns 88,221 shares of the oil and gas company’s stock worth $7,122,000 after acquiring an additional 4,085 shares in the last quarter. Beach Investment Management LLC. bought a new position in Exxon Mobil Corporation during the second quarter worth about $2,867,000. Valmark Advisers Inc. lifted its holdings in Exxon Mobil Corporation by 2.4% during the second quarter. Valmark Advisers Inc. now owns 2,652 shares of the oil and gas company’s stock worth $214,000 after acquiring an additional 61 shares in the last quarter. Peak Asset Management LLC lifted its holdings in Exxon Mobil Corporation by 5.6% during the second quarter. Peak Asset Management LLC now owns 17,972 shares of the oil and gas company’s stock worth $1,451,000 after acquiring an additional 950 shares in the last quarter. Finally, Novare Capital Management LLC lifted its holdings in Exxon Mobil Corporation by 10.1% during the second quarter. Novare Capital Management LLC now owns 51,122 shares of the oil and gas company’s stock worth $4,127,000 after acquiring an additional 4,670 shares in the last quarter. 50.83% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Tuesday. HSBC Holdings plc lowered Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and reduced their target price for the stock from $83.60 to $77.00 in a report on Tuesday. TheStreet upgraded Exxon Mobil Corporation from a “c” rating to a “b-” rating in a report on Friday, October 27th. Wells Fargo & Company set a $84.00 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Thursday, October 26th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $85.57.
Exxon Mobil Corporation (NYSE:XOM) opened at $82.94 on Friday. The firm has a market capitalization of $353,671.25, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 1.76 and a beta of 0.84. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter in the previous year, the business earned $0.63 earnings per share. equities analysts forecast that Exxon Mobil Corporation will post 3.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 100.33%.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.
Exxon Mobil Corporation 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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