Zeke Capital Advisors LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 5.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 99,438 shares of the oil and gas company’s stock after selling 5,741 shares during the period. Exxon Mobil makes up about 0.7% of Zeke Capital Advisors LLC’s holdings, making the stock its 25th largest position. Zeke Capital Advisors LLC’s holdings in Exxon Mobil were worth $7,620,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in XOM. ZWJ Investment Counsel Inc. lifted its holdings in shares of Exxon Mobil by 4.1% in the second quarter. ZWJ Investment Counsel Inc. now owns 58,478 shares of the oil and gas company’s stock valued at $4,481,000 after purchasing an additional 2,302 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $113,612,000. Graves Light Private Wealth Management Inc. lifted its holdings in shares of Exxon Mobil by 1.1% in the second quarter. Graves Light Private Wealth Management Inc. now owns 88,150 shares of the oil and gas company’s stock valued at $6,755,000 after purchasing an additional 992 shares in the last quarter. CRA Financial Services LLC lifted its holdings in shares of Exxon Mobil by 3.1% in the second quarter. CRA Financial Services LLC now owns 23,784 shares of the oil and gas company’s stock valued at $1,823,000 after purchasing an additional 706 shares in the last quarter. Finally, HM Capital Management LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $203,000. 54.52% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on XOM. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a report on Friday, August 2nd. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Goldman Sachs Group reiterated a “hold” rating and set a $80.00 price target on shares of Exxon Mobil in a report on Monday, April 29th. Morgan Stanley dropped their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Finally, Bank of America reiterated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Monday. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $82.59.
NYSE:XOM traded down $1.50 during trading hours on Friday, reaching $70.88. The stock had a trading volume of 3,410,286 shares, compared to its average volume of 10,349,817. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $75.38. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The firm has a market capitalization of $300.24 billion, a PE ratio of 14.38, a P/E/G ratio of 2.02 and a beta of 0.97.
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 return on equity of 9.17% and a net margin of 6.30%. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 3.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.
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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