Wellington Shields Capital Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,868 shares of the oil and gas company’s stock after purchasing an additional 675 shares during the quarter. Exxon Mobil comprises 2.5% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Wellington Shields Capital Management LLC’s holdings in Exxon Mobil were worth $15,129,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. HC Financial Advisors Inc. purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $1,137,000. First Dallas Securities Inc. grew its position in Exxon Mobil by 2.9% in the first quarter. First Dallas Securities Inc. now owns 33,784 shares of the oil and gas company’s stock worth $2,521,000 after acquiring an additional 957 shares in the last quarter. Aspiriant LLC bought a new stake in Exxon Mobil in the first quarter worth approximately $1,507,000. Hedeker Wealth LLC grew its position in Exxon Mobil by 2.7% in the first quarter. Hedeker Wealth LLC now owns 30,260 shares of the oil and gas company’s stock worth $2,257,000 after acquiring an additional 789 shares in the last quarter. Finally, Rossmore Private Capital grew its position in Exxon Mobil by 36.9% in the first quarter. Rossmore Private Capital now owns 8,029 shares of the oil and gas company’s stock worth $599,000 after acquiring an additional 2,164 shares in the last quarter. Institutional investors own 52.43% of the company’s stock.
Several research firms have commented on XOM. HSBC reissued a “buy” rating and issued a $93.50 target price on shares of Exxon Mobil in a research report on Monday, July 16th. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, August 6th. Credit Suisse Group reissued a “neutral” rating and issued a $80.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Macquarie reissued a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a research report on Thursday, August 30th. Finally, Jefferies Financial Group set a $87.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, September 14th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $87.27.
NYSE XOM opened at $81.71 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a market cap of $347.43 billion, a P/E ratio of 22.76, a PEG ratio of 1.32 and a beta of 0.86. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.56%. Exxon Mobil’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 4.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s dividend payout ratio is currently 91.36%.
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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 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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