Hollencrest Capital Management trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 23.8% during the second quarter, HoldingsChannel.com reports. The firm owned 6,430 shares of the oil and gas company’s stock after selling 2,013 shares during the quarter. Hollencrest Capital Management’s holdings in Exxon Mobil were worth $532,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Macroview Investment Management LLC purchased a new position in Exxon Mobil during the first quarter worth about $102,000. Corbyn Investment Management Inc. MD purchased a new position in Exxon Mobil during the first quarter worth about $110,000. KHP Capital LLC purchased a new position in Exxon Mobil during the first quarter worth about $111,000. Clearwater Capital Advisors LLC purchased a new position in Exxon Mobil during the first quarter worth about $122,000. Finally, Trilogy Capital Inc. purchased a new position in Exxon Mobil during the first quarter worth about $149,000. Institutional investors own 52.60% of the company’s stock.
Several research firms recently commented on XOM. Royal Bank of Canada restated a “buy” rating and set a $105.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $88.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Barclays boosted their target price on Exxon Mobil from $84.00 to $87.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 11th. Morningstar set a $85.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, June 11th. Finally, Jefferies Financial Group reiterated a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a report on Monday, June 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.66.
XOM opened at $82.92 on Friday. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. The stock has a market capitalization of $352.26 billion, a PE ratio of 23.10, a PEG ratio of 1.39 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. equities research analysts expect that Exxon Mobil Co. will post 4.54 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio is presently 91.36%.
About Exxon Mobil
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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