Exxon Mobil Corporation (NYSE:XOM) Position Lowered by Diversified Trust Co
Diversified Trust Co decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,955 shares of the oil and gas company’s stock after selling 1,995 shares during the period. Diversified Trust Co’s holdings in Exxon Mobil Corporation were worth $2,580,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Azimuth Capital Management LLC raised its stake in Exxon Mobil Corporation by 3.0% in the fourth quarter. Azimuth Capital Management LLC now owns 235,822 shares of the oil and gas company’s stock worth $21,285,000 after buying an additional 6,761 shares during the period. Greenwood Capital Associates LLC acquired a new stake in Exxon Mobil Corporation during the fourth quarter worth $271,000. MML Investors Services LLC acquired a new stake in Exxon Mobil Corporation during the fourth quarter worth $322,000. Marietta Wealth Management LLC acquired a new stake in Exxon Mobil Corporation during the fourth quarter worth $1,710,000. Finally, Cpcm LLC acquired a new stake in Exxon Mobil Corporation during the fourth quarter worth $1,553,000. 50.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.39% during trading on Thursday, reaching $79.13. 5,911,687 shares of the company traded hands. Exxon Mobil Corporation has a 1-year low of $78.27 and a 1-year high of $93.22. The stock’s 50 day moving average is $80.65 and its 200 day moving average is $81.82. The company has a market capitalization of $335.28 billion, a price-to-earnings ratio of 28.53 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
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XOM has been the subject of a number of research reports. BMO Capital Markets set a $78.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. BNP Paribas reaffirmed a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Vetr raised shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 price objective for the company in a research note on Monday, July 10th. Finally, Morgan Stanley set a $81.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus price target of $84.98.
In other news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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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