Moreno Evelyn V lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 31.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,186 shares of the oil and gas company’s stock after selling 24,948 shares during the period. Moreno Evelyn V’s holdings in Exxon Mobil were worth $4,152,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC lifted its position in shares of Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 469 shares during the period. Asset Planning Services Ltd. lifted its position in shares of Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the period. INR Advisory Services LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $43,000. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at $45,000. Finally, Interactive Financial Advisors acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $65,000. Institutional investors 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 value of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping 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 9.16%. The firm 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 business posted $0.92 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 3.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.99%. Exxon Mobil’s payout ratio is 70.59%.
Several research analysts have weighed in on the stock. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Barclays assumed coverage on shares of Exxon Mobil in a report on Monday. They set an “equal weight” rating and a $73.00 price objective on the stock. HSBC restated a “neutral” rating and set a $86.50 price objective on shares of Exxon Mobil in a report on Thursday, May 23rd. JPMorgan Chase & Co. set a $83.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Finally, Bank of America restated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $82.35.
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.
Further Reading: Outstanding Shares
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