Exxon Mobil Corporation (XOM) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.4% during the first quarter, Holdings Channel reports. The firm owned 19,116,927 shares of the oil and gas company’s stock after buying an additional 1,150,881 shares during the period. Exxon Mobil Corporation accounts for approximately 1.6% of Schwab Charles Investment Management Inc.’s holdings, making the stock its 3rd largest position. Schwab Charles Investment Management Inc.’s holdings in Exxon Mobil Corporation were worth $1,567,780,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil Corporation during the fourth quarter worth about $101,000. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the first quarter worth about $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position 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 during the last quarter. Cordasco Financial Network raised its position 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 during the last quarter. Finally, Hartree Partners LP acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at $237,000. Institutional investors and hedge funds own 50.59% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.42% during mid-day trading on Thursday, reaching $79.11. The company’s stock had a trading volume of 2,749,404 shares. Exxon Mobil Corporation has a 1-year low of $78.27 and a 1-year high of $93.22. The stock’s 50 day moving average price is $80.65 and its 200 day moving average price is $81.82. The stock has a market capitalization of $335.20 billion, a P/E ratio of 28.52 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last issued its 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 company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Analysts expect that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.84%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
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Several research analysts recently weighed in on the company. Argus reiterated a “focus list” rating and issued a $104.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, April 25th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price objective for the company. in a research report on Wednesday. Finally, Simmons increased their price objective on Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 19th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
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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