Exxon Mobil Corporation (XOM) Shares Sold by Renaissance Investment Group LLC
Renaissance Investment Group LLC decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,403 shares of the oil and gas company’s stock after selling 80 shares during the period. Renaissance Investment Group LLC’s holdings in Exxon Mobil Corporation were worth $3,262,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after acquiring an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after purchasing an additional 51,810 shares during the period. Fisher Asset Management LLC lifted its position in Exxon Mobil Corporation by 0.6% in the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock worth $381,912,000 after purchasing an additional 26,923 shares during the period. Finally, State of Wisconsin Investment Board lifted its position in Exxon Mobil Corporation by 11.1% in the first quarter. State of Wisconsin Investment Board now owns 3,917,301 shares of the oil and gas company’s stock worth $321,258,000 after purchasing an additional 390,779 shares during the period. Institutional investors and hedge funds own 50.74% of the company’s stock.
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Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.38% during mid-day trading on Friday, reaching $81.71. The company had a trading volume of 6,070,620 shares. The company has a market cap of $346.21 billion, a price-to-earnings ratio of 29.46 and a beta of 0.82. The firm’s 50-day moving average price is $79.17 and its 200 day moving average price is $80.74. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate 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 company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Equities analysts expect that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were paid a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. Exxon Mobil Corporation’s payout ratio is 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Several research analysts recently commented on the company. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. BMO Capital Markets raised their target price on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil Corporation in a research report on Thursday, June 15th. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 target price for the company. in a research report on Thursday, September 28th. Finally, BNP Paribas reaffirmed a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil Corporation in a research report on Wednesday, July 5th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $84.75.
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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