Montgomery Investment Management Inc. maintained its position in Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,532 shares of the oil and gas company’s stock at the end of the second quarter. Montgomery Investment Management Inc.’s holdings in Exxon Mobil Corporation were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizon Investment Services LLC increased its stake in Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 20 shares during the last quarter. Jag Capital Management LLC increased its stake in Exxon Mobil Corporation by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 26 shares during the last quarter. Harwood Advisory Group LLC increased its stake in Exxon Mobil Corporation by 0.5% in the second quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock valued at $668,000 after purchasing an additional 40 shares during the last quarter. Sonata Capital Group Inc. increased its stake in Exxon Mobil Corporation by 0.9% in the first quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock valued at $453,000 after purchasing an additional 50 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its stake in Exxon Mobil Corporation by 0.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,519 shares of the oil and gas company’s stock valued at $1,011,000 after purchasing an additional 50 shares during the last quarter. 50.84% of the stock is owned by institutional investors.
Exxon Mobil Corporation (XOM) opened at $82.24 on Wednesday. The company has a market capitalization of $348,460.00, a PE ratio of 23.30, a P/E/G ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. equities analysts forecast that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders 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 3.75%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is currently 100.33%.
XOM has been the subject of several analyst reports. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $76.00 target price on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. Citigroup Inc. dropped their target price on Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada set a $88.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, July 20th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $94.00 target price (up from $91.00) on shares of Exxon Mobil Corporation in a research note on Friday, October 13th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $85.57.
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In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.08% of the company’s stock.
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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