Penn Davis Mcfarland Inc. maintained its position in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,196 shares of the oil and gas company’s stock at the close of the second quarter. Exxon Mobil Corporation accounts for about 0.1% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 29th biggest position. Penn Davis Mcfarland Inc.’s holdings in Exxon Mobil Corporation were worth $339,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horan Securities Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. increased its position in shares of Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 292 shares during the last quarter. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Exxon Mobil Corporation by 13.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 220 shares during the last quarter. Finally, Cordasco Financial Network increased its position in shares of Exxon Mobil Corporation by 0.6% during the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 15 shares during the last quarter. 50.82% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction on 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 directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.27% during midday trading on Friday, hitting $78.82. The company had a trading volume of 8,436,033 shares. The firm has a market capitalization of $333.97 billion, a PE ratio of 28.41 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 company has a 50-day moving average of $78.44 and a 200 day moving average of $80.89.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.91%. Exxon Mobil Corporation’s payout ratio is 111.19%.
Several research firms have recently weighed in on XOM. UBS AG set a $75.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Thursday, June 8th. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada set a $90.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 target price on the stock. in a research report on Wednesday, August 9th. Finally, HSBC Holdings plc set a $81.50 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.41.
Exxon Mobil Corporation Profile
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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