Hall Laurie J Trustee reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,152 shares of the oil and gas company’s stock after selling 1,090 shares during the period. Exxon Mobil Corporation accounts for approximately 3.4% of Hall Laurie J Trustee’s holdings, making the stock its 7th largest position. Hall Laurie J Trustee’s holdings in Exxon Mobil Corporation were worth $5,377,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. acquired a new position in Exxon Mobil Corporation during the fourth quarter worth approximately $101,000. Psagot Investment House Ltd. acquired a new position in Exxon Mobil Corporation during the fourth quarter worth approximately $119,000. Empirical Finance LLC acquired a new position in Exxon Mobil Corporation during the fourth quarter worth approximately $172,000. Cordasco Financial Network increased its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the last quarter. Finally, Mosaic Financial Partners Inc. acquired a new position in Exxon Mobil Corporation during the fourth quarter worth approximately $202,000. 50.95% of the stock is currently owned by institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 82.76 on Tuesday. The firm has a market capitalization of $350.68 billion, a PE ratio of 34.53 and a beta of 0.86. Exxon Mobil Corporation has a 12-month low of $79.26 and a 12-month high of $95.55. The stock has a 50 day moving average price of $81.93 and a 200 day moving average price of $83.83.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $63.29 billion during the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Analysts predict that Exxon Mobil Corporation will post $3.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 12th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.72%. This is an increase from Exxon Mobil Corporation’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, May 10th. Exxon Mobil Corporation’s dividend payout ratio is 128.33%.
A number of research analysts have recently commented on the company. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Saturday. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. BMO Capital Markets reiterated a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil Corporation in a report on Friday, April 28th. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $85.72 price objective on the stock in a report on Monday, April 3rd. Finally, Hilliard Lyons assumed coverage on Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $89.18.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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