Nippon Life Insurance Co. cut its stake in Exxon Mobil Corp. (NYSE:XOM) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,599 shares of the company’s stock after selling 2,096 shares during the period. Exxon Mobil Corp. accounts for approximately 0.4% of Nippon Life Insurance Co.’s holdings, making the stock its 24th largest position. Nippon Life Insurance Co.’s holdings in Exxon Mobil Corp. were worth $15,523,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of XOM. NewSquare Capital LLC increased its stake in shares of 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. 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 worth $200,000 after buying an additional 1,451 shares during the period. Investment House LLC purchased a new stake in Exxon Mobil Corp. during the second quarter worth approximately $206,000. Banced Corp increased its stake in Exxon Mobil Corp. by 7.5% in the second quarter. Banced Corp now owns 2,832 shares of the company’s stock worth $210,000 after buying an additional 197 shares during the period. Finally, Provident Trust Co. purchased a new stake in Exxon Mobil Corp. during the second quarter worth approximately $210,000. 50.42% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.4238% during midday trading on Monday, hitting $86.9101. The company had a trading volume of 4,802,619 shares. The firm has a market cap of $360.39 billion, a price-to-earnings ratio of 34.5155 and a beta of 0.83. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The stock has a 50 day moving average of $86.46 and a 200 day moving average of $88.17.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the 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 analysts’ expectations of $60.23 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corp. will post $2.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.44%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s payout ratio is currently 119.05%.
A number of equities research analysts recently commented on XOM shares. Credit Agricole SA reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Jefferies Group reaffirmed a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, September 8th. Collins Stewart reaffirmed a “hold” rating and set a $83.50 target price on shares of Exxon Mobil Corp. in a report on Sunday, September 11th. JPMorgan Chase & Co. set a $95.00 target price on Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Monday, July 11th. Finally, Morningstar Inc. reaffirmed a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock 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 the firm’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 value of $1,218,270.15. Following the completion of the transaction, the vice president now directly owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.
About Exxon Mobil Corp.
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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