Fort Point Capital Partners LLC Sells 589 Shares of Exxon Mobil Corporation (XOM)
Fort Point Capital Partners LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.9% during the first quarter, Holdings Channel reports. The firm owned 6,038 shares of the oil and gas company’s stock after selling 589 shares during the period. Fort Point Capital Partners LLC’s holdings in Exxon Mobil Corporation were worth $495,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $101,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter worth approximately $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased 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 buying an additional 220 shares during the period. Cordasco Financial Network increased its stake 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 worth $191,000 after buying an additional 15 shares during the period. Finally, Diversified Portfolios Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter worth approximately $224,000. Institutional investors own 50.59% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) traded down 0.96% during midday trading on Friday, hitting $78.21. The stock had a trading volume of 10,192,375 shares. The firm has a market capitalization of $331.38 billion, a PE ratio of 28.19 and a beta of 0.81. Exxon Mobil Corporation has a 1-year low of $78.20 and a 1-year high of $93.22. The company’s 50 day moving average price is $80.50 and its 200-day moving average price is $81.75.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data 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 firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders 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 dividend yield of 3.94%. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
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A number of analysts have recently issued reports on the company. Maxim Group assumed coverage on Exxon Mobil Corporation in a report on Thursday, May 11th. They issued a “hold” rating for the company. Bank of America Corporation upgraded Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $95.00 to $100.00 in a report on Thursday, May 11th. Vetr lowered Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price for the company. in a report on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. Finally, Hilliard Lyons assumed coverage on Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 target price for the company. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $84.98.
In other news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by 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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