Regent Investment Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 54.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 16,316 shares of the oil and gas company’s stock after purchasing an additional 5,785 shares during the quarter. Regent Investment Management LLC’s holdings in Exxon Mobil were worth $730,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of XOM. Guggenheim Capital LLC raised its position in Exxon Mobil by 7.9% in the 4th quarter. Guggenheim Capital LLC now owns 756,724 shares of the oil and gas company’s stock valued at $52,803,000 after purchasing an additional 55,652 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Exxon Mobil by 11.6% during the fourth quarter. Macquarie Group Ltd. now owns 203,558 shares of the oil and gas company’s stock worth $14,204,000 after acquiring an additional 21,135 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of Exxon Mobil by 25.3% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 50,330 shares of the oil and gas company’s stock worth $1,911,000 after acquiring an additional 10,162 shares during the last quarter. Woodstock Corp raised its position in shares of Exxon Mobil by 1.7% during the first quarter. Woodstock Corp now owns 113,085 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC raised its position in shares of Exxon Mobil by 34.6% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 13,174 shares of the oil and gas company’s stock worth $500,000 after acquiring an additional 3,390 shares during the last quarter. Hedge funds and other institutional investors own 52.16% of the company’s stock.
A number of equities research analysts have recently weighed in on XOM shares. BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating in a research report on Wednesday, May 13th. Mizuho dropped their price objective on Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Royal Bank of Canada reiterated a “sell” rating and issued a $45.00 price objective on shares of Exxon Mobil in a report on Monday, July 20th. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. Finally, Standpoint Research downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and one has issued a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $53.17.
XOM stock opened at $42.08 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The stock has a market capitalization of $177.04 billion, a P/E ratio of 15.76 and a beta of 1.33. The business has a 50-day moving average of $44.44 and a 200-day moving average of $48.35. Exxon Mobil Co. has a fifty-two week low of $30.11 and a fifty-two week high of $75.66.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm’s quarterly revenue was down 52.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Equities analysts expect that Exxon Mobil Co. will post -0.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 8.27%. Exxon Mobil’s dividend payout ratio is currently 154.67%.
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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