Welch & Forbes LLC decreased its stake in Exxon Mobil Corp. (NYSE:XOM) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 924,119 shares of the company’s stock after selling 12,291 shares during the period. Exxon Mobil Corp. accounts for approximately 2.6% of Welch & Forbes LLC’s portfolio, making the stock its 3rd largest position. Welch & Forbes LLC’s holdings in Exxon Mobil Corp. were worth $86,627,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Lenox Wealth Advisors Inc. raised its stake in shares of Exxon Mobil Corp. by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 2,708 shares of the company’s stock valued at $254,000 after buying an additional 10 shares during the last quarter. Capital Asset Advisory Services LLC raised its position in Exxon Mobil Corp. by 0.4% in the second quarter. Capital Asset Advisory Services LLC now owns 3,394 shares of the company’s stock worth $318,000 after buying an additional 15 shares in the last quarter. Gibraltar Capital Management Inc. raised its position in Exxon Mobil Corp. by 0.6% in the second quarter. Gibraltar Capital Management Inc. now owns 2,911 shares of the company’s stock worth $273,000 after buying an additional 18 shares in the last quarter. Round Table Services LLC raised its position in Exxon Mobil Corp. by 0.4% in the second quarter. Round Table Services LLC now owns 4,674 shares of the company’s stock worth $438,000 after buying an additional 19 shares in the last quarter. Finally, Ronna Sue Cohen raised its position in Exxon Mobil Corp. by 0.3% in the first quarter. Ronna Sue Cohen now owns 8,932 shares of the company’s stock worth $747,000 after buying an additional 25 shares in the last quarter. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.247% during midday trading on Thursday, reaching $87.215. 5,074,180 shares of the company’s stock were exchanged. The company has a market cap of $361.65 billion, a price-to-earnings ratio of 34.637 and a beta of 0.83. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55. The stock’s 50 day moving average price is $86.37 and its 200 day moving average price is $88.27.
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 analysts’ consensus estimates of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was down 22.2% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Corp. will post $2.29 earnings per share for the current fiscal year.
The firm 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. The ex-dividend date was Wednesday, August 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 119.05%.
A number of research analysts recently weighed in on the stock. Vetr lowered shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price objective for the company. in a research note on Wednesday, September 28th. Wells Fargo & Co. reiterated a “buy” rating and issued a $98.00 price objective (down from $108.50) on shares of Exxon Mobil Corp. in a research note on Tuesday, September 20th. Collins Stewart reiterated a “hold” rating and issued a $83.50 price objective on shares of Exxon Mobil Corp. in a research note on Sunday, September 11th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, September 8th. Finally, Credit Suisse Group AG reiterated an “underperform” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, September 6th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The stock currently 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 dated 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 directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by 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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