First Personal Financial Services cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 20.4% during the second quarter, HoldingsChannel.com reports. The firm owned 12,594 shares of the oil and gas company’s stock after selling 3,226 shares during the period. First Personal Financial Services’ holdings in Exxon Mobil were worth $1,042,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Clearwater Capital Advisors LLC bought a new position in Exxon Mobil during the first quarter valued at about $122,000. Trilogy Capital Inc. bought a new position in Exxon Mobil during the first quarter valued at about $149,000. Winfield Associates Inc. bought a new position in Exxon Mobil during the second quarter valued at about $160,000. Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil during the second quarter valued at about $197,000. Finally, Lesa Sroufe & Co bought a new position in Exxon Mobil during the second quarter valued at about $200,000. Institutional investors and hedge funds own 52.39% of the company’s stock.
Several brokerages recently issued reports on XOM. Royal Bank of Canada restated a “buy” rating and set a $105.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 8th. Jefferies Financial Group reaffirmed a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a report on Friday, September 28th. Macquarie reaffirmed a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a report on Friday, October 19th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Tuesday, August 28th. Finally, Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a “buy” rating in a report on Monday, August 6th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $87.00.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. Exxon Mobil’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 4.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is currently 91.36%.
In other news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.
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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 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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