Signature Financial Management Inc. Has $2.40 Million Stake in Exxon Mobil Corporation (XOM)
Signature Financial Management Inc. reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,759 shares of the oil and gas company’s stock after selling 592 shares during the period. Exxon Mobil Corporation accounts for 0.8% of Signature Financial Management Inc.’s portfolio, making the stock its 26th biggest holding. Signature Financial Management Inc.’s holdings in Exxon Mobil Corporation were worth $2,401,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. 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 valued at $110,000 after buying an additional 292 shares in the last quarter. Horan Securities Inc. lifted its position in shares of Exxon Mobil Corporation by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares in the last quarter. Watermark Asset Management Inc. purchased a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at about $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 valued at $152,000 after buying an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. purchased a new position in Exxon Mobil Corporation in the 2nd quarter worth approximately $207,000. 50.76% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corporation (NYSE XOM) traded up $0.32 during trading hours on Friday, reaching $81.42. The company’s stock had a trading volume of 3,851,283 shares, compared to its average volume of 8,657,551. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The company has a market cap of $343,629.28, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.84.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the previous year, the company posted $0.63 EPS. equities research analysts expect that Exxon Mobil Corporation will post 3.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is 100.33%.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
A number of research analysts recently commented on the company. cut Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and lowered their price target for the stock from $83.60 to $77.00 in a report on Tuesday, November 7th. Goldman Sachs Group Inc set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Wells Fargo & Company set a $84.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Monday, October 30th. TheStreet raised Exxon Mobil Corporation from a “c” rating to a “b-” rating in a report on Friday, October 27th. Finally, Zacks Investment Research raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has an average rating of “Hold” and a consensus target price of $85.78.
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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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