Exxon Mobil Corporation (XOM) Position Cut by DF Dent & Co. Inc.
DF Dent & Co. Inc. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 20,474 shares of the oil and gas company’s stock after selling 572 shares during the period. DF Dent & Co. Inc.’s holdings in Exxon Mobil Corporation were worth $1,679,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the stock. Rosenbaum Jay D. boosted its stake in shares of Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock valued at $1,473,000 after buying an additional 1,725 shares in the last quarter. Tyers Asset Management LLC bought a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $12,144,000. Oakmont Partners LLC raised its position in Exxon Mobil Corporation by 7.8% in the first quarter. Oakmont Partners LLC now owns 7,330 shares of the oil and gas company’s stock valued at $601,000 after buying an additional 532 shares during the last quarter. Merriman Wealth Management LLC raised its position in Exxon Mobil Corporation by 16.6% in the first quarter. Merriman Wealth Management LLC now owns 13,249 shares of the oil and gas company’s stock valued at $1,087,000 after buying an additional 1,891 shares during the last quarter. Finally, Gradient Investments LLC raised its position in Exxon Mobil Corporation by 13.6% in the first quarter. Gradient Investments LLC now owns 105,261 shares of the oil and gas company’s stock valued at $8,632,000 after buying an additional 12,573 shares during the last quarter. Institutional investors own 50.59% of the company’s stock.
Exxon Mobil Corporation (XOM) traded down 0.3085% on Thursday, hitting $79.1949. The stock had a trading volume of 3,116,379 shares. The firm has a market cap of $335.56 billion, a price-to-earnings ratio of 28.5490 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $78.27 and a one year high of $93.22. The company’s 50-day moving average price is $80.65 and its 200 day moving average price is $81.82.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results 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. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.84%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
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Several research analysts have recently commented on the company. UBS AG set a $77.00 price target on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, April 25th. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price target for the company. in a research report on Wednesday. Royal Bank Of Canada set a $90.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, HSBC Holdings plc set a $81.50 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock 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 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 transaction, the director now 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 accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
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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