Exxon Mobil Corporation (XOM) Shares Sold by Independent Order of Foresters
Independent Order of Foresters decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 15.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,105 shares of the oil and gas company’s stock after selling 570 shares during the period. Independent Order of Foresters’ holdings in Exxon Mobil Corporation were worth $251,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of XOM. Bollard Group LLC lifted its stake in Exxon Mobil Corporation by 5.1% in the first quarter. Bollard Group LLC now owns 32,525 shares of the oil and gas company’s stock valued at $2,667,000 after purchasing an additional 1,582 shares during the last quarter. Beech Hill Advisors Inc. lifted its stake in Exxon Mobil Corporation by 1,844.6% in the first quarter. Beech Hill Advisors Inc. now owns 50,560 shares of the oil and gas company’s stock valued at $4,146,000 after purchasing an additional 47,960 shares during the last quarter. Johanson Financial Advisors Inc. purchased a new position in Exxon Mobil Corporation in the first quarter valued at approximately $1,297,000. Round Table Services LLC lifted its position in shares of Exxon Mobil Corporation by 50.7% during the first quarter. Round Table Services LLC now owns 7,068 shares of the oil and gas company’s stock worth $580,000 after acquiring an additional 2,379 shares in the last quarter. Finally, Sabal Trust CO lifted its position in shares of Exxon Mobil Corporation by 0.3% during the first quarter. Sabal Trust CO now owns 321,625 shares of the oil and gas company’s stock worth $26,377,000 after acquiring an additional 885 shares in the last quarter. Institutional investors and hedge funds own 50.83% of the company’s stock.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation (NYSE XOM) opened at $82.94 on Friday. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The stock has a market capitalization of $355,789.78, a PE ratio of 23.59, a PEG ratio of 1.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for 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 last year, the firm earned $0.63 earnings per share. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.71%. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
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XOM has been the topic of several recent research reports. Wolfe Research downgraded Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Royal Bank of Canada set a $88.00 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Citigroup Inc. dropped their target price on Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.47 target price on the stock in a research report on Monday, July 24th. Finally, Jefferies Group LLC set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average price target of $85.57.
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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