Exxon Mobil Corporation (NYSE:XOM) Stake Reduced by Community Bank of Raymore
Community Bank of Raymore lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 31,136 shares of the oil and gas company’s stock after selling 278 shares during the period. Exxon Mobil Corporation comprises approximately 1.0% of Community Bank of Raymore’s holdings, making the stock its 20th largest position. Community Bank of Raymore’s holdings in Exxon Mobil Corporation were worth $2,514,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Roundview Capital LLC increased its stake in shares of Exxon Mobil Corporation by 11.1% in the fourth quarter. Roundview Capital LLC now owns 35,910 shares of the oil and gas company’s stock worth $3,241,000 after buying an additional 3,600 shares during the period. Managed Asset Portfolios LLC increased its position in Exxon Mobil Corporation by 3.0% in the fourth quarter. Managed Asset Portfolios LLC now owns 105,913 shares of the oil and gas company’s stock valued at $9,560,000 after buying an additional 3,103 shares during the last quarter. Sandhill Capital Partners LLC increased its position in Exxon Mobil Corporation by 6.4% in the fourth quarter. Sandhill Capital Partners LLC now owns 7,022 shares of the oil and gas company’s stock valued at $634,000 after buying an additional 421 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in Exxon Mobil Corporation by 1.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 623,453 shares of the oil and gas company’s stock valued at $56,273,000 after buying an additional 7,718 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new position in Exxon Mobil Corporation during the fourth quarter valued at about $360,000. 50.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.61% during midday trading on Friday, hitting $78.49. 4,754,279 shares of the company’s stock were exchanged. Exxon Mobil Corporation has a one year low of $78.27 and a one year high of $93.22. The stock’s 50-day moving average price is $80.58 and its 200 day moving average price is $81.80. The firm has a market cap of $332.57 billion, a PE ratio of 28.29 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $62.88 billion for 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%. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. Equities research analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently declared 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. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
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Several research firms have issued reports on XOM. Maxim Group began coverage on shares of Exxon Mobil Corporation in a report on Thursday, May 11th. They set a “hold” rating on the stock. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $100.00 in a report on Thursday, May 11th. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective on the stock. in a report on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. Finally, Hilliard Lyons began coverage on shares of Exxon Mobil Corporation in a report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 price objective on the stock. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation has an average rating of “Hold” and a consensus price target of $84.98.
In other news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.
Exxon Mobil Corporation 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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