Exxon Mobil Corporation (XOM) Stake Held by Deltec Asset Management LLC
Deltec Asset Management LLC continued to hold its position in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,060 shares of the oil and gas company’s stock at the end of the second quarter. Deltec Asset Management LLC’s holdings in Exxon Mobil Corporation were worth $570,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $102,000. Riggs Asset Managment Co. Inc. lifted its position in shares of Exxon Mobil Corporation by 27.2% during the 2nd 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 in the last quarter. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% during the 1st 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 in the last quarter. Finally, Diversified Portfolios Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter worth approximately $224,000. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on XOM shares. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research report on Tuesday, August 29th. Wolfe Research cut shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Zacks Investment Research cut shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. BMO Capital Markets lifted their target price on shares of 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. Finally, Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $84.67.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.26% on Friday, hitting $81.98. 9,943,991 shares of the stock were exchanged. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The firm has a market cap of $347.36 billion, a P/E ratio of 29.55 and a beta of 0.82. The company has a 50-day moving average of $78.37 and a 200 day moving average of $80.77.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.76%. Exxon Mobil Corporation’s payout ratio is 111.19%.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on 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 sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is owned by company 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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