Tompkins Financial Corp raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 109,339 shares of the oil and gas company’s stock after purchasing an additional 5,720 shares during the quarter. Tompkins Financial Corp’s holdings in Exxon Mobil were worth $4,889,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV lifted its position in Exxon Mobil by 2.8% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 232 shares during the period. JGP Wealth Management LLC raised its stake in shares of Exxon Mobil by 1.8% in the 2nd quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock valued at $571,000 after buying an additional 239 shares in the last quarter. Portfolio Solutions LLC lifted its holdings in shares of Exxon Mobil by 3.7% during the 1st quarter. Portfolio Solutions LLC now owns 6,818 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 246 shares during the period. TrinityPoint Wealth LLC lifted its holdings in shares of Exxon Mobil by 1.8% during the 1st quarter. TrinityPoint Wealth LLC now owns 14,072 shares of the oil and gas company’s stock worth $534,000 after acquiring an additional 252 shares during the period. Finally, Whitener Capital Management Inc. boosted its position in shares of Exxon Mobil by 0.5% during the 1st quarter. Whitener Capital Management Inc. now owns 49,830 shares of the oil and gas company’s stock valued at $1,892,000 after acquiring an additional 261 shares in the last quarter. 52.16% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on XOM. Mizuho cut their price target on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Bank of America restated a “buy” rating and set a $70.00 target price on shares of Exxon Mobil in a research report on Monday, May 4th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $45.00 price target on shares of Exxon Mobil in a research note on Monday, July 20th. BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, UBS Group lifted their price objective on Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.17.
NYSE:XOM opened at $42.08 on Friday. The company has a market cap of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. The stock’s fifty day moving average price is $44.44 and its two-hundred day moving average price is $48.35. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $75.66.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The company’s revenue was down 52.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. On average, equities analysts predict that Exxon Mobil Co. will post -0.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.87 per share. The ex-dividend date is Wednesday, August 12th. This represents a $3.48 annualized dividend and a 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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