Buckingham Asset Management LLC raised its stake in Exxon Mobil Corp. (NYSE:XOM) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,645 shares of the company’s stock after buying an additional 1,620 shares during the period. Exxon Mobil Corp. comprises approximately 1.9% of Buckingham Asset Management LLC’s portfolio, making the stock its 10th largest position. Buckingham Asset Management LLC’s holdings in Exxon Mobil Corp. were worth $5,685,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its stake in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares in the last quarter. Investment House LLC acquired a new stake in Exxon Mobil Corp. during the second quarter valued at about $206,000. Proficio Capital Partners LLC increased its stake in Exxon Mobil Corp. by 189.9% in the second quarter. Proficio Capital Partners LLC now owns 2,215 shares of the company’s stock valued at $200,000 after buying an additional 1,451 shares in the last quarter. Provident Trust Co. acquired a new stake in Exxon Mobil Corp. during the second quarter valued at about $210,000. Finally, DT Investment Partners LLC purchased a new position in shares of Exxon Mobil Corp. during the second quarter valued at $211,000. Institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.95% during trading on Friday, hitting $87.28. 15,961,506 shares of the stock traded hands. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The stock has a market cap of $361.92 billion, a P/E ratio of 34.66 and a beta of 0.78. The firm’s 50-day moving average is $86.46 and its 200 day moving average is $88.17.
Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corp. will post $2.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.75 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio is presently 119.05%.
XOM has been the subject of several analyst reports. Vetr downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $92.62 target price for the company. in a research note on Monday, June 6th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of Exxon Mobil Corp. in a research note on Wednesday, June 8th. Morgan Stanley set a $95.00 target price on shares of Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Monday, June 13th. HSBC set a $86.00 target price on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Tuesday, June 28th. Finally, Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, June 30th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $87.68.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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