Peddock Capital Advisors LLC raised its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 16.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 834,564 shares of the company’s stock after buying an additional 115,015 shares during the period. Exxon Mobil Corp. makes up about 49.9% of Peddock Capital Advisors LLC’s portfolio, making the stock its largest position. Peddock Capital Advisors LLC’s holdings in Exxon Mobil Corp. were worth $78,232,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. D. Scott Neal Inc. raised its position in Exxon Mobil Corp. by 0.4% in the first quarter. D. Scott Neal Inc. now owns 6,669 shares of the company’s stock valued at $557,000 after buying an additional 26 shares during the last quarter. Searle & CO. raised its position in Exxon Mobil Corp. by 2.5% in the first quarter. Searle & CO. now owns 85,152 shares of the company’s stock valued at $7,064,000 after buying an additional 2,050 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its position in Exxon Mobil Corp. by 80.4% in the first quarter. Atalanta Sosnoff Capital LLC now owns 883,337 shares of the company’s stock valued at $73,839,000 after buying an additional 393,757 shares during the last quarter. Vista Capital Partners Inc. raised its position in Exxon Mobil Corp. by 1.2% in the first quarter. Vista Capital Partners Inc. now owns 4,389 shares of the company’s stock valued at $350,000 after buying an additional 53 shares during the last quarter. Finally, Prospera Financial Services Inc raised its position in Exxon Mobil Corp. by 10.5% in the first quarter. Prospera Financial Services Inc now owns 30,300 shares of the company’s stock valued at $2,530,000 after buying an additional 2,888 shares during the last quarter. Hedge funds and other institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.95% during mid-day trading on Friday, reaching $87.28. The company had a trading volume of 15,961,506 shares. The stock has a market capitalization of $361.92 billion, a price-to-earnings ratio of 34.66 and a beta of 0.78. The company’s 50 day moving average is $86.46 and its 200 day moving average is $88.17. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings results 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 earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company’s revenue for the quarter was down 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. Equities analysts predict that Exxon Mobil Corp. will post $2.29 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio is currently 119.05%.
Several equities analysts recently commented on the company. Barclays PLC set a $102.00 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 13th. HSBC set a $88.50 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. set a $102.00 price target on Exxon Mobil Corp. and gave the company a “buy” rating in a research report on Thursday, July 14th. Zacks Investment Research raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, July 5th. Finally, Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $87.68.
In related news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction dated 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 sale, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is 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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