Exxon Mobil Corporation (XOM) Shares Bought by Longer Investments Inc.
Longer Investments Inc. increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 30.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 26,095 shares of the oil and gas company’s stock after buying an additional 6,090 shares during the period. Exxon Mobil Corporation comprises about 1.8% of Longer Investments Inc.’s holdings, making the stock its 21st largest position. Longer Investments Inc.’s holdings in Exxon Mobil Corporation were worth $2,107,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth $102,000. Riggs Asset Managment Co. Inc. boosted its position 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 buying an additional 292 shares during the last quarter. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position 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 buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) traded up 0.50% during mid-day trading on Friday, hitting $76.64. 14,324,342 shares of the stock were exchanged. The stock’s 50 day moving average is $79.94 and its 200-day moving average is $81.47. The stock has a market cap of $324.73 billion, a PE ratio of 27.63 and a beta of 0.81. 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 issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 4.02%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
A number of research analysts have weighed in on XOM shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation raised shares of 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 report on Thursday, May 11th. Scotiabank raised shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and boosted their price target for the company from $85.00 to $86.00 in a research report on Monday, June 5th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target on the stock. in a research report on Tuesday, June 6th. Finally, 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 Friday, July 14th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.94.
In related news, Director Steven Reinemund sold 1,100 shares of the company’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 value of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.
About Exxon Mobil Corporation
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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