ProVise Management Group LLC reduced its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 22,711 shares of the company’s stock after selling 1,277 shares during the period. ProVise Management Group LLC’s holdings in Exxon Mobil Corp. were worth $2,129,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC increased its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of 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 bought a new stake in shares of Exxon Mobil Corp. during the second quarter worth $206,000. Banced Corp boosted its stake in shares of 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. bought a new stake in shares of Exxon Mobil Corp. during the second quarter worth $210,000. 50.42% of the stock is currently owned by institutional investors.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.86% during mid-day trading on Tuesday, hitting $86.30. The stock had a trading volume of 4,316,809 shares. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The company has a market cap of $357.86 billion, a PE ratio of 34.27 and a beta of 0.83. The stock has a 50 day moving average price of $86.44 and a 200-day moving average price of $88.26.
Exxon Mobil Corp. (NYSE:XOM) last posted its earnings results on Friday, July 29th. The company reported $0.41 earnings per share 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 analysts’ expectations of $60.23 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. On average, equities analysts expect 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 issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Wednesday, August 10th. Exxon Mobil Corp.’s payout ratio is currently 119.05%.
XOM has been the subject of a number of analyst reports. Credit Agricole SA restated a “buy” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 16th. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, September 8th. Collins Stewart restated a “hold” rating and set a $83.50 price objective on shares of Exxon Mobil Corp. in a research note on Sunday, September 11th. JPMorgan Chase & Co. set a $95.00 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Monday, July 11th. Finally, Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Exxon Mobil Corp. has a consensus 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 dated 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 sale, 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 can be accessed through the SEC website. 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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