Exxon Mobil Corporation (XOM) Holdings Boosted by Moon Capital Management LLC
Moon Capital Management LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,692 shares of the oil and gas company’s stock after purchasing an additional 204 shares during the quarter. Exxon Mobil Corporation makes up about 1.1% of Moon Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Moon Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $1,025,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation in the first quarter worth approximately $102,000. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation in the first quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 220 shares during the period. Diversified Portfolios Inc. bought a new position in shares of Exxon Mobil Corporation in the first quarter worth approximately $224,000. Finally, Colorado Capital Management Inc. bought a new position in shares of Exxon Mobil Corporation in the first quarter worth approximately $235,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven Reinemund sold 1,100 shares of the business’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 completion of the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.38% on Friday, hitting $81.71. 6,070,620 shares of the stock were exchanged. The firm has a market cap of $346.21 billion, a PE ratio of 29.46 and a beta of 0.82. The stock’s 50 day moving average price is $79.17 and its 200 day moving average price is $80.74. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion during 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 firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.77%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
Several research firms have recently commented on XOM. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 target price on the stock. in a report on Tuesday, July 4th. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Barclays PLC set a $94.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Monday, August 21st. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $84.75.
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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