West Coast Financial LLC lowered its stake in Exxon Mobil Corp. (NYSE:XOM) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 47,478 shares of the company’s stock after selling 642 shares during the period. Exxon Mobil Corp. accounts for approximately 1.6% of West Coast Financial LLC’s investment portfolio, making the stock its 24th largest position. West Coast Financial LLC’s holdings in Exxon Mobil Corp. were worth $4,451,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its position in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock valued at $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors boosted its position in Exxon Mobil Corp. by 1.4% in the first quarter. BlackRock Fund Advisors now owns 59,669,140 shares of the company’s stock valued at $4,987,743,000 after buying an additional 814,931 shares in the last quarter. BlackRock Group LTD boosted its position in Exxon Mobil Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 34,632,830 shares of the company’s stock valued at $2,894,959,000 after buying an additional 759,438 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Exxon Mobil Corp. by 1.2% in the first quarter. TIAA CREF Investment Management LLC now owns 16,108,497 shares of the company’s stock valued at $1,346,509,000 after buying an additional 193,586 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Exxon Mobil Corp. by 0.3% in the first quarter. Prudential Financial Inc. now owns 9,202,117 shares of the company’s stock valued at $769,205,000 after buying an additional 27,381 shares in the last quarter. Institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.95% during midday trading on Friday, hitting $87.28. The stock had a trading volume of 15,961,506 shares. The stock has a market cap of $361.92 billion, a PE ratio of 34.66 and a beta of 0.78. The firm has a 50 day moving average price of $86.46 and a 200 day moving average price of $88.17. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The business had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business’s quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Equities analysts expect that Exxon Mobil Corp. will post $2.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.75 per share. The ex-dividend date of this dividend 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%.
Several research analysts have recently issued reports on XOM shares. Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a research report on Tuesday, September 13th. Wells Fargo & Co. reissued a “buy” rating and issued a $98.00 target price (down from $108.50) on shares of Exxon Mobil Corp. in a research report on Tuesday, September 20th. Morgan Stanley set a $95.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a research report on Monday, June 13th. Morningstar Inc. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Finally, Collins Stewart reissued a “hold” rating and issued a $83.50 target price on shares of Exxon Mobil Corp. in a research report on Sunday, September 11th. Six 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. Exxon Mobil Corp. presently has an average rating of “Hold” and a consensus price target of $87.68.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the transaction, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.
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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