Scotia Capital Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 170,439 shares of the oil and gas company’s stock after selling 12,032 shares during the period. Scotia Capital Inc.’s holdings in Exxon Mobil were worth $13,061,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Massey Quick Simon & CO. LLC lifted its stake in Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $26,000. Asset Planning Services Ltd. lifted its stake in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 496 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $45,000. Finally, INR Advisory Services LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 54.48% of the company’s stock.
In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on the stock. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and decreased their target price for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. UBS Group decreased their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, August 29th. Bank of America reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Monday, August 5th. Finally, BMO Capital Markets assumed coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $81.13.
NYSE XOM traded up $0.05 on Thursday, hitting $71.98. The company had a trading volume of 9,079,710 shares, compared to its average volume of 11,494,286. The company has a market capitalization of $300.90 billion, a PE ratio of 14.60, a PEG ratio of 2.18 and a beta of 0.99. The company’s fifty day moving average price is $70.51 and its 200-day moving average price is $76.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. 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 issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.
Exxon Mobil Company 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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