Exxon Mobil Corporation (XOM) Position Held by Bright Rock Capital Management LLC
Bright Rock Capital Management LLC held its stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,000 shares of the oil and gas company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $4,682,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of XOM. Riggs Asset Managment Co. Inc. lifted its position in shares of Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the last quarter. Horan Securities Inc. lifted its position in shares of Exxon Mobil Corporation by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares during the last quarter. Watermark Asset Management Inc. purchased a new stake in shares of Exxon Mobil Corporation during the first quarter valued at about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% during 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 during the last quarter. Finally, David R. Rahn & Associates Inc. purchased a new stake in shares of Exxon Mobil Corporation during the second quarter valued at about $207,000. Institutional investors own 50.84% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) opened at $80.56 on Friday. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a market cap of $341,340.00, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.74 and a beta of 0.83. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The firm had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter last year, the company earned $0.63 EPS. equities analysts expect that Exxon Mobil Corporation will post 3.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.82%. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
Several analysts have commented on the stock. Vetr lowered shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target for the company. in a research report on Friday, October 6th. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Tuesday, August 29th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $80.00 price objective (down from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price objective on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Monday, August 21st. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $85.78.
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In related news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction on 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 owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
Exxon Mobil Corporation 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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