Hefty Wealth Partners raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2,950.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,571 shares of the oil and gas company’s stock after buying an additional 8,290 shares during the period. Hefty Wealth Partners’ holdings in Exxon Mobil Corporation were worth $691,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in XOM. Pegasus Partners Ltd. lifted its position in shares of Exxon Mobil Corporation by 37.4% during the fourth quarter. Pegasus Partners Ltd. now owns 47,439 shares of the oil and gas company’s stock worth $4,282,000 after purchasing an additional 12,910 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Exxon Mobil Corporation by 6.9% during the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock worth $655,276,000 after purchasing an additional 471,230 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter worth $27,159,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter worth $12,118,000. Finally, Philadelphia Trust Co. lifted its position in shares of Exxon Mobil Corporation by 3.7% during the fourth quarter. Philadelphia Trust Co. now owns 19,205 shares of the oil and gas company’s stock worth $1,733,000 after purchasing an additional 680 shares in the last quarter. 50.82% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on XOM. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 target price on the stock in a research report on Wednesday. UBS AG raised shares of Exxon Mobil Corporation from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $76.00 in a research report on Wednesday, September 6th. Jefferies Group LLC set a $81.00 price target on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Finally, Piper Jaffray Companies set a $76.00 price target on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Friday, August 25th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $84.65.
In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company’s stock.
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Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.4952% during trading on Friday, hitting $79.6934. The stock had a trading volume of 6,622,178 shares. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The firm has a 50 day moving average of $78.38 and a 200 day moving average of $80.84. The company has a market capitalization of $337.67 billion, a price-to-earnings ratio of 28.7287 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that Exxon Mobil Corporation will post $3.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
Exxon Mobil Corporation Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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