Exxon Mobil Corporation (XOM) Position Cut by Dynamic Capital Management Ltd
Dynamic Capital Management Ltd reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 79.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,700 shares of the oil and gas company’s stock after selling 18,652 shares during the period. Dynamic Capital Management Ltd’s holdings in Exxon Mobil Corporation were worth $385,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in XOM. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $101,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake 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 valued at $152,000 after buying an additional 220 shares in the last quarter. Cordasco Financial Network raised its stake in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter valued at approximately $224,000. 50.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corporation (XOM) traded down 0.42% on Thursday, reaching $79.11. The company had a trading volume of 1,235,864 shares. The stock has a 50-day moving average price of $80.65 and a 200-day moving average price of $81.82. Exxon Mobil Corporation has a 12 month low of $78.27 and a 12 month high of $93.22. The stock has a market cap of $335.20 billion, a PE ratio of 28.52 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data 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 company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. Analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders 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 yield of 3.84%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
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Several analysts recently commented on the company. Maxim Group assumed coverage on Exxon Mobil Corporation in a research note on Thursday, May 11th. They issued a “hold” rating on the stock. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Vetr lowered Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective on the stock. in a research note on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, Hilliard Lyons assumed coverage on Exxon Mobil Corporation in a research note on Wednesday, June 7th. They issued 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average target price of $84.98.
In other Exxon Mobil Corporation 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 transaction of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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