Landmark Bank lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,100 shares of the oil and gas company’s stock after selling 252 shares during the quarter. Landmark Bank’s holdings in Exxon Mobil were worth $390,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC boosted its stake in Exxon Mobil by 625.3% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 469 shares during the last quarter. Asset Planning Services Ltd. boosted its stake in Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 496 shares during the last quarter. INR Advisory Services LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $43,000. Evolution Wealth Advisors LLC bought a new position in Exxon Mobil during the second quarter valued at approximately $45,000. Finally, Interactive Financial Advisors bought a new position in Exxon Mobil during the first quarter valued at approximately $65,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.
In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by company insiders.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. As a group, analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.
A number of equities analysts recently commented on XOM shares. Bank of America reissued a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Monday, August 5th. BMO Capital Markets started coverage on Exxon Mobil in a research note on Tuesday. They set a “market perform” rating and a $86.00 price target for the company. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a research note on Monday, July 22nd. Goldman Sachs Group reissued a “hold” rating and set a $80.00 price target on shares of Exxon Mobil in a research note on Monday, April 29th. Finally, Morgan Stanley dropped their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $81.83.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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