Somerville Kurt F trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,945 shares of the oil and gas company’s stock after selling 2,335 shares during the period. Somerville Kurt F’s holdings in Exxon Mobil were worth $5,590,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 4.6% during the 2nd quarter. Clarkston Capital Partners LLC now owns 4,760 shares of the oil and gas company’s stock worth $365,000 after acquiring an additional 209 shares during the period. ZWJ Investment Counsel Inc. increased its position in Exxon Mobil by 4.1% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 58,478 shares of the oil and gas company’s stock worth $4,481,000 after purchasing an additional 2,302 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $113,612,000. Graves Light Private Wealth Management Inc. increased its position in Exxon Mobil by 1.1% during the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 88,150 shares of the oil and gas company’s stock worth $6,755,000 after purchasing an additional 992 shares in the last quarter. Finally, CRA Financial Services LLC increased its position in Exxon Mobil by 3.1% during the 2nd quarter. CRA Financial Services LLC now owns 23,784 shares of the oil and gas company’s stock worth $1,823,000 after purchasing an additional 706 shares in the last quarter. Institutional investors own 54.52% of the company’s stock.
In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.
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 Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.17%. The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter last year, the company earned $0.92 earnings per share. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 3.21 EPS for the current year.
The company also recently disclosed 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 annualized dividend and a yield of 4.91%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
XOM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and dropped their target price for the stock from $72.00 to $70.00 in a research report on Tuesday. Bank of America reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Monday, August 5th. HSBC reissued a “neutral” rating and set a $86.50 target price on shares of Exxon Mobil in a research report on Thursday, May 23rd. Finally, Goldman Sachs Group reissued a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.59.
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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