Horan Securities Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 20.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511 shares of the oil and gas company’s stock after acquiring an additional 260 shares during the period. Horan Securities Inc.’s holdings in Exxon Mobil Corporation were worth $122,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Horizon Investment Services LLC raised its stake in Exxon Mobil Corporation by 0.4% during the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 20 shares in the last quarter. Alpha Windward LLC raised its stake in Exxon Mobil Corporation by 0.8% during the 1st quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock valued at $434,000 after acquiring an additional 43 shares in the last quarter. Sonata Capital Group Inc. raised its stake in Exxon Mobil Corporation by 0.9% during the 1st quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock valued at $453,000 after acquiring an additional 50 shares in the last quarter. Family Legacy Inc. raised its stake in Exxon Mobil Corporation by 0.3% during the 2nd quarter. Family Legacy Inc. now owns 25,927 shares of the oil and gas company’s stock valued at $2,093,000 after acquiring an additional 75 shares in the last quarter. Finally, Robinson Value Management Ltd. raised its stake in Exxon Mobil Corporation by 0.5% during the 2nd quarter. Robinson Value Management Ltd. now owns 18,878 shares of the oil and gas company’s stock valued at $1,524,000 after acquiring an additional 95 shares in the last quarter. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corporation (NYSE XOM) traded down 0.38% during mid-day trading on Friday, reaching $81.71. The company had a trading volume of 6,070,620 shares. The stock has a market cap of $346.21 billion, a PE ratio of 29.46 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The firm’s 50-day moving average price is $79.17 and its 200-day moving average price is $80.74.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the 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 completion of 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 filing with the SEC, which is available through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
Several analysts have weighed in on the company. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research note on Friday. Royal Bank Of Canada set a $90.00 target price on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Monday, September 18th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $80.00 price target (down from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price target on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Monday, August 21st. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $84.75.
About Exxon Mobil Corporation
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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