Exxon Mobil Corporation (XOM) Shares Bought by Financial Management Professionals Inc.
Financial Management Professionals Inc. lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,414 shares of the oil and gas company’s stock after purchasing an additional 10 shares during the period. Exxon Mobil Corporation accounts for about 1.0% of Financial Management Professionals Inc.’s portfolio, making the stock its 22nd biggest position. Financial Management Professionals Inc.’s holdings in Exxon Mobil Corporation were worth $2,293,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in XOM. Riggs Asset Managment Co. Inc. boosted its holdings in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 292 shares in the last quarter. Horan Securities Inc. boosted its holdings in Exxon Mobil Corporation by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 260 shares in the last quarter. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation in the first quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in 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 acquiring an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. bought a new position in Exxon Mobil Corporation in the second quarter worth approximately $207,000. Institutional investors own 50.82% of the company’s stock.
Several brokerages have issued reports on XOM. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a report on Friday, October 6th. Royal Bank Of Canada set a $90.00 target price on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Monday, September 18th. J P Morgan Chase & Co restated a “neutral” rating and issued a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil Corporation in a report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Monday, August 21st. Five equities 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 given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.75.
In other news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.
Exxon Mobil Corporation (NYSE XOM) opened at $83.18 on Friday. The firm has a market capitalization of $352.44 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.76 and a beta of 0.83. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.53.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the previous year, the business earned $0.63 earnings per share. analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 100.33%.
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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