ERTS Wealth Advisors LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,395 shares of the oil and gas company’s stock after selling 478 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Exxon Mobil were worth $337,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Earnest Partners LLC lifted its holdings in shares of Exxon Mobil by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 14,530 shares of the oil and gas company’s stock worth $1,113,000 after acquiring an additional 207 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after acquiring an additional 1,069,038 shares during the last quarter. Qtron Investments LLC lifted its holdings in shares of Exxon Mobil by 37.6% in the 2nd quarter. Qtron Investments LLC now owns 17,152 shares of the oil and gas company’s stock worth $1,314,000 after acquiring an additional 4,683 shares during the last quarter. InterOcean Capital LLC increased its stake in shares of Exxon Mobil by 5.9% in the second quarter. InterOcean Capital LLC now owns 431,446 shares of the oil and gas company’s stock worth $33,062,000 after buying an additional 23,883 shares during the period. Finally, Van Cleef Asset Management Inc increased its stake in shares of Exxon Mobil by 1.2% in the second quarter. Van Cleef Asset Management Inc now owns 133,570 shares of the oil and gas company’s stock worth $10,235,000 after buying an additional 1,527 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.
Several research analysts recently commented on XOM shares. Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 7th. Barclays started coverage on shares of Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 target price on the stock. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. HSBC reaffirmed a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $81.13.
Exxon Mobil stock traded up $0.33 during mid-day trading on Friday, reaching $72.31. 1,106,715 shares of the company traded hands, compared to its average volume of 10,318,659. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The firm’s 50 day moving average price is $70.51 and its 200 day moving average price is $76.00. The firm has a market capitalization of $304.94 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 2.15 and a beta of 0.99. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36.
Exxon Mobil (NYSE:XOM) last issued 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 Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 3.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s dividend payout ratio is presently 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.
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 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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