Segment Wealth Management LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,768 shares of the oil and gas company’s stock after selling 7,603 shares during the quarter. Segment Wealth Management LLC’s holdings in Exxon Mobil were worth $4,034,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Grassi Investment Management boosted its position in shares of Exxon Mobil by 0.6% in the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock worth $7,744,000 after buying an additional 600 shares in the last quarter. X Square Capital LLC boosted its position in shares of Exxon Mobil by 16.8% in the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after buying an additional 653 shares in the last quarter. We Are One Seven LLC boosted its position in shares of Exxon Mobil by 3.8% in the 1st quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock worth $1,372,000 after buying an additional 671 shares in the last quarter. Lakeview Capital Partners LLC boosted its position in shares of Exxon Mobil by 3.5% in the 1st quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock worth $1,499,000 after buying an additional 677 shares in the last quarter. Finally, Hanson McClain Inc. boosted its position in shares of Exxon Mobil by 2.5% in the 1st quarter. Hanson McClain Inc. now owns 28,543 shares of the oil and gas company’s stock worth $2,130,000 after buying an additional 686 shares in the last quarter. 52.43% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The company had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. During the same period in the prior year, the company earned $0.78 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. analysts forecast that Exxon Mobil Co. will post 4.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio is currently 91.36%.
XOM has been the topic of several recent research reports. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. BNP Paribas set a $85.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a report on Tuesday, August 28th. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $72.16 to $100.00 in a report on Wednesday, May 30th. They noted that the move was a valuation call. Jefferies Financial Group set a $87.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 24th. Finally, HSBC restated a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil in a report on Wednesday, September 12th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $87.13.
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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