Partnervest Advisory Services LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,593 shares of the oil and gas company’s stock after selling 2,179 shares during the quarter. Exxon Mobil Corporation makes up about 0.7% of Partnervest Advisory Services LLC’s investment portfolio, making the stock its 27th largest position. Partnervest Advisory Services LLC’s holdings in Exxon Mobil Corporation were worth $1,662,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in XOM. Riggs Asset Managment Co. Inc. boosted its stake in Exxon Mobil Corporation by 27.2% in 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 buying an additional 292 shares in the last quarter. Horan Securities Inc. boosted its stake in Exxon Mobil Corporation by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares in the last quarter. Watermark Asset Management Inc. acquired a new stake in Exxon Mobil Corporation in the 1st quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Exxon Mobil Corporation by 13.5% in 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 buying an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. bought a new position in Exxon Mobil Corporation in the 2nd quarter valued at $207,000. 50.84% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on XOM shares. TheStreet upgraded Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective for the company in a research report on Thursday, August 17th. Barclays PLC set a $94.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, August 21st. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, September 18th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average target price of $85.78.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) opened at $80.24 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $341,340.00, a PE ratio of 23.10, a PEG ratio of 1.74 and a beta of 0.83. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the firm earned $0.63 earnings per share. research analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.84%. Exxon Mobil Corporation’s payout ratio is presently 100.33%.
Exxon Mobil Corporation Company 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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