North American Management Corp reduced its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,118 shares of the company’s stock after selling 35,991 shares during the period. Exxon Mobil Corp. accounts for about 1.2% of North American Management Corp’s portfolio, making the stock its 29th largest position. North American Management Corp’s holdings in Exxon Mobil Corp. were worth $7,042,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Lenox Wealth Advisors Inc. boosted its position 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 worth $254,000 after buying an additional 10 shares during the period. Banced Corp boosted its position 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. Bouchey Financial Group Ltd boosted its position in shares of Exxon Mobil Corp. by 29.2% in the second quarter. Bouchey Financial Group Ltd now owns 3,097 shares of the company’s stock worth $290,000 after buying an additional 700 shares during the period. ELM Advisors LLC bought a new position in shares of Exxon Mobil Corp. during the second quarter worth about $299,000. Finally, Capital Asset Advisory Services LLC boosted its position in shares of 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 during the period. Hedge funds and other institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.34% during trading on Friday, hitting $86.74. 6,614,908 shares of the company traded hands. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The firm has a market cap of $359.68 billion, a P/E ratio of 34.45 and a beta of 0.83. The firm has a 50 day moving average of $86.27 and a 200 day moving average of $88.28.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ 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 had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s revenue was down 22.2% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.46%. Exxon Mobil Corp.’s dividend payout ratio is currently 119.05%.
A number of research analysts have issued reports on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. HSBC set a $86.00 target price on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, June 28th. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $95.77 target price for the company in a report on Tuesday, July 26th. Barclays PLC set a $102.00 target price on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Wednesday, July 13th. Finally, Goldman Sachs Group Inc. set a $98.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Friday, June 10th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average 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 that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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