WESPAC Advisors LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 82.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,321 shares of the oil and gas company’s stock after purchasing an additional 2,848 shares during the period. WESPAC Advisors LLC’s holdings in Exxon Mobil were worth $510,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Horan Securities Inc. grew its stake in Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 260 shares during the period. Watermark Asset Management Inc. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares during the period. David R. Rahn & Associates Inc. purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $207,000. Finally, WP Advisors LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $211,000. Hedge funds and other institutional investors own 51.18% of the company’s stock.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,513 shares of company stock valued at $3,465,657. 0.08% of the stock is owned by insiders.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the firm posted $0.63 earnings per share. equities research analysts forecast that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.
A number of analysts recently weighed in on the stock. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price target for the company in a research report on Thursday. UBS set a $83.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $80.00 price target (down from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Cowen reaffirmed a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Finally, Piper Jaffray Companies set a $76.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Friday, August 25th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus target price of $86.14.
About Exxon Mobil
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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