Exxon Mobil Corporation (XOM) Shares Bought by Cullinan Associates Inc.
Cullinan Associates Inc. boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 19.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,062 shares of the oil and gas company’s stock after acquiring an additional 66,516 shares during the period. Exxon Mobil Corporation accounts for 2.6% of Cullinan Associates Inc.’s investment portfolio, making the stock its 4th largest holding. Cullinan Associates Inc.’s holdings in Exxon Mobil Corporation were worth $33,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $102,000. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Exxon Mobil Corporation by 13.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares in the last quarter. Diversified Portfolios Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $224,000. Finally, Colorado Capital Management Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $235,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
In related news, Director Steven Reinemund sold 1,100 shares of the company’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 completion of the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s 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 disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
A number of equities analysts have issued reports on XOM shares. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target on the stock. in a report on Tuesday, July 4th. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Barclays PLC set a $94.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Monday, August 21st. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $84.75.
Shares of Exxon Mobil Corporation (XOM) traded up 0.22% during midday trading on Thursday, hitting $81.97. The stock had a trading volume of 2,372,454 shares. The stock has a market cap of $347.32 billion, a PE ratio of 29.55 and a beta of 0.82. The stock’s 50-day moving average is $78.88 and its 200-day moving average is $80.73. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22.
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 analysts’ consensus estimates of $0.83 by ($0.05). The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
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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