Hutchens Investment Management Inc Sells 565 Shares of Exxon Mobil Corporation (NYSE:XOM)
Hutchens Investment Management Inc lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 22,402 shares of the oil and gas company’s stock after selling 565 shares during the period. Hutchens Investment Management Inc’s holdings in Exxon Mobil Corporation were worth $1,837,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at about $101,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter valued at about $102,000. 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 valued at $152,000 after buying an additional 220 shares during the period. Cordasco Financial Network boosted 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 valued at $191,000 after buying an additional 15 shares during the period. Finally, Diversified Portfolios Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter valued at about $224,000. 50.77% of the stock is currently owned by institutional investors.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.63% during midday trading on Monday, hitting $78.70. The company had a trading volume of 2,161,026 shares. The stock’s 50-day moving average price is $80.50 and its 200-day moving average price is $81.75. The company has a market cap of $333.46 billion, a price-to-earnings ratio of 28.37 and a beta of 0.81. Exxon Mobil Corporation has a 12 month low of $78.20 and a 12 month high of $93.21.
Exxon Mobil Corporation (NYSE:XOM) last posted 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 business had revenue of $62.88 billion for 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 firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.94%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
XOM has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Scotiabank raised shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $86.00 in a research note on Monday, June 5th. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target on the stock. in a research report on Tuesday, June 6th. Finally, Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.98.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was 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 of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently 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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