Exxon Mobil Co. (XOM) Shares Bought by Howard Capital Management Inc.
Howard Capital Management Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 20.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 133,151 shares of the oil and gas company’s stock after acquiring an additional 22,527 shares during the period. Exxon Mobil comprises 1.2% of Howard Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Howard Capital Management Inc.’s holdings in Exxon Mobil were worth $11,009,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in XOM. Associated Banc Corp raised its stake in shares of Exxon Mobil by 1.9% in the 4th quarter. Associated Banc Corp now owns 311,075 shares of the oil and gas company’s stock valued at $26,018,000 after acquiring an additional 5,691 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Exxon Mobil by 16.8% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 104,356 shares of the oil and gas company’s stock valued at $8,728,000 after acquiring an additional 14,998 shares during the period. IBM Retirement Fund increased its stake in Exxon Mobil by 5.1% during the 4th quarter. IBM Retirement Fund now owns 110,516 shares of the oil and gas company’s stock worth $10,093,000 after buying an additional 5,352 shares during the period. River & Mercantile Asset Management LLP increased its stake in Exxon Mobil by 35.3% during the 4th quarter. River & Mercantile Asset Management LLP now owns 164,571 shares of the oil and gas company’s stock worth $13,790,000 after buying an additional 42,970 shares during the period. Finally, Wealth Advisors of Tampa Bay LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $1,973,000. 52.43% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. During the same quarter last year, the firm earned $0.78 EPS. The company’s revenue was up 26.6% on a year-over-year basis. research analysts expect that Exxon Mobil Co. will post 4.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s payout ratio is 91.36%.
XOM has been the topic of several recent research reports. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. HSBC reaffirmed a “buy” rating and set a $96.00 target price on shares of Exxon Mobil in a research note on Wednesday, September 12th. Credit Suisse Group set a $80.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, September 6th. BNP Paribas set a $85.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, September 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $93.00 target price on shares of Exxon Mobil in a research note on Tuesday, September 11th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $87.13.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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