Cape ANN Savings Bank decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,833 shares of the oil and gas company’s stock after selling 383 shares during the period. Exxon Mobil Corporation comprises 2.1% of Cape ANN Savings Bank’s holdings, making the stock its 14th largest position. Cape ANN Savings Bank’s holdings in Exxon Mobil Corporation were worth $1,601,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Cordasco Financial Network raised its position in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the period. Horizon Investment Services LLC raised its position in shares of 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 buying an additional 20 shares during the period. LifePlan Financial Group Inc raised its position in shares of Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 24 shares during the period. Nadler Financial Group Inc. raised its position in shares of Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock valued at $1,301,000 after buying an additional 40 shares during the period. Finally, Harwood Advisory Group LLC raised its position in shares of 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 buying an additional 40 shares during the period. 50.77% of the stock is currently owned by institutional investors.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.085% during mid-day trading on Wednesday, hitting $76.805. The company had a trading volume of 3,042,096 shares. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The stock’s 50-day moving average is $79.82 and its 200-day moving average is $81.39. The stock has a market cap of $325.43 billion, a price-to-earnings ratio of 27.687 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Equities analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
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Several equities analysts have recently commented on XOM shares. UBS AG set a $77.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil Corporation in a research note on Friday, April 28th. Scotiabank set a $85.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Monday, May 1st. Finally, Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $84.90.
In other news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company 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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