Exxon Mobil Corporation (XOM) Shares Sold by Dividend Assets Capital LLC
Dividend Assets Capital LLC cut its position in Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,047 shares of the oil and gas company’s stock after selling 297 shares during the period. Dividend Assets Capital LLC’s holdings in Exxon Mobil Corporation were worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. boosted its stake in shares of 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 during the last quarter. Horan Securities Inc. boosted its stake in shares of 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 during the last quarter. Watermark Asset Management Inc. acquired a new stake in shares of Exxon Mobil Corporation in the first quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake 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 worth $152,000 after acquiring an additional 220 shares during the last quarter. Finally, David R. Rahn & Associates Inc. acquired a new stake in shares of Exxon Mobil Corporation in the second quarter worth approximately $207,000. 50.76% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on XOM. downgraded Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and reduced their price objective for the stock from $83.60 to $77.00 in a research report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Wells Fargo & Company set a $84.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Monday, October 30th. TheStreet upgraded Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Thursday, October 26th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $85.78.
In other Exxon Mobil Corporation 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 sale, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by insiders.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at $81.10 on Friday. Exxon Mobil Corporation has a 1 year low of $76.05 and a 1 year high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $343,629.28, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.84.
Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. equities research analysts expect that Exxon Mobil Corporation will post 3.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given 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 3.80%. Exxon Mobil Corporation’s dividend payout ratio is currently 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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