New Capital Management LP Maintains Stake in Exxon Mobil Corporation (XOM)
New Capital Management LP continued to hold its position in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to its most recent filing with the SEC. The firm owned 8,951 shares of the oil and gas company’s stock at the end of the second quarter. Exxon Mobil Corporation makes up approximately 1.3% of New Capital Management LP’s investment portfolio, making the stock its 9th largest position. New Capital Management LP’s holdings in Exxon Mobil Corporation were worth $734,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Roundview Capital LLC increased its position in shares of Exxon Mobil Corporation by 11.1% in the fourth quarter. Roundview Capital LLC now owns 35,910 shares of the oil and gas company’s stock valued at $3,241,000 after buying an additional 3,600 shares during the last quarter. Managed Asset Portfolios LLC raised its position in Exxon Mobil Corporation by 3.0% in the fourth quarter. Managed Asset Portfolios LLC now owns 105,913 shares of the oil and gas company’s stock valued at $9,560,000 after buying an additional 3,103 shares during the period. Sandhill Capital Partners LLC raised its position in Exxon Mobil Corporation by 6.4% in the fourth quarter. Sandhill Capital Partners LLC now owns 7,022 shares of the oil and gas company’s stock valued at $634,000 after buying an additional 421 shares during the period. Zurich Insurance Group Ltd FI raised its position in Exxon Mobil Corporation by 1.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 623,453 shares of the oil and gas company’s stock valued at $56,273,000 after buying an additional 7,718 shares during the period. Finally, Ullmann Financial Group Inc. acquired a new position in Exxon Mobil Corporation during the fourth quarter valued at $360,000. 50.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.61% during trading on Friday, hitting $78.49. The stock had a trading volume of 4,754,279 shares. Exxon Mobil Corporation has a 52-week low of $78.27 and a 52-week high of $93.22. The firm has a market cap of $332.57 billion, a PE ratio of 28.29 and a beta of 0.81. The stock has a 50 day moving average of $80.58 and a 200 day moving average of $81.80.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.77 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.90%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
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XOM has been the subject of several research analyst reports. BMO Capital Markets set a $78.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Monday, June 26th. Zacks Investment Research raised Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday. BNP Paribas reissued a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil Corporation in a research report on Wednesday, July 5th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 price objective for the company in a research report on Monday, July 10th. Finally, Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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 value of $88,253.00. Following the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.
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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